45898 Property Tax Rate

Property owners in ZIP code 45898 (Willshire, Ohio) pay a median of $1,155/year in property taxes on homes valued at $101,500. This translates to an effective tax rate of 1.14%, which is 8% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45898 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Van Wert County. This is $1,149 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45898 has higher property taxes. ZIP codes with similar effective rates include 43749 (1.14%) and 44473 (1.14%).

In Willshire, property taxes represent approximately 2.1% of the median household income of $54,063, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 45898, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Van Wert County's tax assessor directly.