Property Tax Rates & Rules
Indiana has an average effective property tax rate of 0.81%, making it a mid-range property tax state. On a median-valued home of $240,000, the typical annual property tax bill is $1,944. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. Standard Deduction: lesser of $45,000 or 60% of value; Supplemental Deduction applies after. Senior citizens may qualify for additional exemptions or tax relief programs. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
Tax liability for homesteads is capped at 1% of gross assessed value.
Homestead Exemption Details
Standard Deduction: lesser of $45,000 or 60% of value; Supplemental Deduction applies after.
Senior Exemption Details
Over 65 Deduction and circuit breaker caps prevent taxes from rising more than 2% annually.
How to Appeal Your Assessment
File Form 130 with local assessor by June 15 or 45 days after notice.
What is the property tax rate in Indiana?
Indiana has an average effective property tax rate of 0.81%. On a home valued at $240,000, the typical annual property tax bill is approximately $1,944. Rates vary by county — Lake has the highest rates while Ohio has the lowest.
Does Indiana have a homestead exemption?
Yes. Indiana offers a homestead exemption for primary residences. Standard Deduction: lesser of $45,000 or 60% of value; Supplemental Deduction applies after.
How is property assessed in Indiana?
Indiana assesses property at 100%. Tax liability for homesteads is capped at 1% of gross assessed value. The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in Indiana?
File Form 130 with local assessor by June 15 or 45 days after notice.
Are there senior property tax exemptions in Indiana?
Yes. Indiana offers property tax relief for senior citizens. Over 65 Deduction and circuit breaker caps prevent taxes from rising more than 2% annually.
When are property taxes due in Indiana?
Indiana property taxes are paid on a Two installments: May 10 and November 10.. Contact your county tax collector for exact due dates and payment options for your area.
How does Indiana property tax compare to neighboring states?
Indiana's average effective rate of 0.81% is close to the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
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Official Source
Indiana Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.