Free property tax calculator tailored for Indiana (IN). Calculate instantly with state-specific rates and rules.
Indiana has an effective property tax rate of 0.85%, producing an average annual bill of $1,308. The US national average is 1.07% — Indiana's rate is near the national average, placing it at rank #21 out of 50 states (rank 1 = lowest).
Indiana assesses property at 100% of true tax value (market value). The state uses a cost approach for most properties and requires reassessment every 4 years with annual adjustments in between.
The Residential Standard Deduction reduces assessed value by 60% of assessed value or $48,000, whichever is less, for primary residences. The Supplemental Homestead Credit then reduces the net assessed value further. Combined, these deductions make Indiana one of the more favorable states for primary homeowners.
Indiana's Circuit Breaker caps property taxes at 1% of assessed value for primary residences, 2% for farmland/residential rentals, and 3% for all other property. This is one of the nation's strongest legal limits.
The 1% cap was constitutionally enshrined in 2008 after years of property tax protests. It has been particularly beneficial for long-term homeowners in rapidly appreciating Indianapolis suburbs.
The median home value in Indiana is $230,000. Indianapolis and its suburbs have seen strong appreciation since 2020, particularly Carmel, Fishers, and Westfield. Indiana remains affordable relative to the Midwest average. At the 0.85% effective rate, a homeowner at the median value pays roughly $1,308/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
More from TUDITOOLS