Property Tax in Indiana (2026): Rates, Exemptions, and Real Numbers

Indiana Property Tax Rates by County

Highest and lowest effective rates within Indiana

Property Tax Calculator — Indiana

Pre-loaded with Indiana's 0.75% effective rate and $226,100 median price

Property Tax by City in Indiana

Annual and monthly property tax by city, based on local median prices and the statewide effective rate

Indiana Homestead Exemption

How Indiana Assesses Property Values

Assessment cycle: Annual assessment by county assessors at market value. 1% gross assessed value cap limits tax growth for homestead properties.

Property Tax's Impact on Your True Monthly Cost

On a $226,100 home in Indiana

Property tax represents 7% of the true monthly cost in Indiana.

Mortgage Calculator Including Property Tax — Indiana

See your full PITI (principal, interest, taxes, insurance) payment

How Indiana's Property Tax Affects Affordability

$141/month in property tax reduces the home price you can afford. Use the affordability calculator to see the real impact.

Property Tax After Refinancing in Indiana

Refinancing changes your P&I but not your property tax. If your home was reassessed at a higher value, your tax bill increases regardless of your rate.

Frequently Asked Questions

What is the property tax rate in Indiana?

Indiana's effective property tax rate is 0.75%, ranking #25 nationally. The median annual property tax bill is $1,695 ($141/month). Rates range from 0.53% in Benton County to 1.14% in Lake County (Gary area). Source: Tax Foundation Property Taxes by State 2024.

Does Indiana have a homestead exemption?

Yes — Indiana offers a homestead exemption for primary residences. Homestead Standard Deduction: reduces assessed value by the lesser of 60% or $48,000 for owner-occupied primary residences. Homestead Supplemental Deduction: additional 35% reduction on the remaining assessed value after the standard deduction. Combined, most homeowners see a significant reduction. Assessment cap: residential property cannot increase more than 1% of gross assessed value per year.. Apply through your county assessor's office after purchasing your home.

How often is property reassessed in Indiana?

Indiana reassesses property on a annual assessment by county assessors at market value. 1% gross assessed value cap limits tax growth for homestead properties. basis. When your property is reassessed, your tax bill changes based on the new assessed value multiplied by the applicable rate. If you believe your assessment is too high, you can appeal — most counties allow 30-90 days after receiving your assessment notice.

How is property tax calculated in Indiana?

Property tax = Assessed Value × Mill Rate (or effective rate). In Indiana, the effective rate is 0.75% of market value. On a $226,100 home: $226,100 × 0.75% = $1,695/year. Assessments may use a fraction of market value — the effective rate accounts for this.

Can I appeal my property tax assessment in Indiana?

Yes. If your assessed value is higher than comparable sales in your area, you can file an appeal with your county assessment board. Steps: (1) Get your assessment notice, (2) Research comparable recent sales, (3) File an appeal by the deadline (typically 30-90 days from assessment notice). Studies show 20-40% of appeals result in a reduction. The process is free and you represent yourself — no attorney required.

Are property taxes included in my mortgage payment in Indiana?

Most lenders require an escrow account that collects $141/month ($1,695/year ÷ 12) along with your mortgage payment, then pays the county on your behalf. If your loan-to-value is below 80%, you may be able to opt out of escrow and pay taxes directly. Note: if your assessed value rises, your escrow payment adjusts and your total monthly cost increases.

What Indiana counties have the highest and lowest property taxes?

Indiana's highest effective rate is in Lake County (Gary area) at 1.14%. The lowest is Benton County at 0.53%. That's a 0.61% spread — on a $226,100 home, the difference is $1,379/year.