ZIP Code 45505

In Springfield's 45505 ZIP code, homes carry a median value of $95,500, and the county-level property tax rate of 1.19% works out to roughly $1,136 a year on such a home. With median household income at $43,819, that tax equals about 2.6% of annual earnings, while per-capita income sits at $24,297. Adding a 7.25% combined sales tax shapes the everyday cost of living. Lower home values here mean property taxes take a smaller bite than in pricier markets, though incomes also run lower, so the balance between what people earn and what they owe stays tight.