Indiana Property Tax Calculator
Select your county to calculate your estimated property taxes based on your home's assessed value.
Indiana Property Tax Calculation
Indiana's system uses a simple formula:
Property Tax = (Assessed Value - Deductions) × Tax Rate
1. Assessed Value for Indiana
The assessed value is the market value of the property as determined annually by the county assessor. Assessments are based on property sales data, cost estimates, and income models for commercial properties.
2. Deductions (Exemptions) for Indiana
Indiana offers a few standard deductions that are applied to reduce the taxable value of the property:
Homestead Standard Deduction:
Up to $48,000 or 60% of the property's assessed value (whichever is less).
Supplemental Homestead Deduction:
Additional deduction of 35% of the assessed value (for properties below $600,000) after the standard deduction is applied.
Mortgage Deduction:
If you have a mortgage, you can deduct up to $3,000 of the assessed value.
Over 65 Deduction and Disabled Veterans Deduction:
Targeted deductions for qualifying property owners.
3. Tax Rate
Indiana's property tax rates are set locally by county and township taxing units.
Frequently Asked Questions
How often do I pay property taxes in Indiana?
Indiana property taxes are paid in two installments annually, due on May 10 and November 10.
What is the Homestead Deduction in Indiana?
The Homestead Deduction reduces your property's assessed value by either $48,000 or 60% (whichever is less) if it's your primary residence.
Can I appeal my property tax assessment in Indiana?
Yes, you can appeal your assessment within 45 days of receiving your notice of assessment. Contact your county assessor's office to start the appeal process.
What factors affect my property tax rate in Indiana?
Your tax rate is determined by local government budgets, including schools, libraries, fire departments, and other public services in your area.
Are there property tax exemptions for seniors in Indiana?
Yes, homeowners age 65 and older may qualify for the Over 65 Deduction if they meet certain income and assessed value requirements.
How is property assessed in Indiana?
Properties are assessed at 100% of their market value, based on recent sales data, property features, and location.