Indianapolis, IN Property Tax Calculator
Estimate property tax for a home in Indianapolis, IN. Homes in Indianapolis are assessed by Marion County, where the effective property tax rate runs about 0.90% of market value — so a median-priced Indianapolis home of $220,000 generates roughly $1,980 in annual property tax. Enter your specific home value below for a custom estimate.
Annual Tax
$1,980
0.90% of $220,000
Monthly Tax
$165
Typically escrowed with your mortgage
State Rank
#30 of 51
Highest rate = #1
vs. National Average
Highest property tax states
- New Jersey2.49%
- Illinois2.23%
- New Hampshire2.18%
- Connecticut2.15%
- Vermont1.90%
Lowest property tax states
- Hawaii0.32%
- Alabama0.41%
- Colorado0.55%
- Louisiana0.56%
- District of Columbia0.57%
These are state-level averages. Individual counties and cities can vary significantly — a home in Austin's urban core may have a far higher effective rate than the Texas state average, for example. For the most accurate estimate, get the exact millage rate from your county assessor and override the rate field above.
How to use it
A two-minute guide.
The Home Value field is pre-filled with Indianapolis's median home value of $220,000. Override with your actual home's market value for a specific estimate — your tax bill scales linearly with home value.
The rate is pre-filled with Marion County's effective rate of 0.90% — the county-level average for owner-occupied homes, which is more precise than Indiana's statewide average of 0.85%. Individual school districts and special taxing zones within Indianapolis still shift the exact figure — if you know the rate from your latest tax bill, override it for the most precise estimate.
You'll see your estimated annual property tax, the monthly amount (which is typically escrowed with your mortgage payment), and a comparison to other states.
How it works
The math behind the result.
How Indianapolis's tax bill works out. Homes in Indianapolis are assessed and billed through Marion County. The effective rate there averages about 0.90% of market value — right around Indiana's statewide average. On Indianapolis's median home value of $220,000, that's approximately $1,980/year, or $165/month when escrowed with your mortgage.
How assessment works in Indiana. Homes are assessed annually at market value with trending. Indiana's constitutional caps limit total tax to 1% of gross assessed value for homesteads (2% rentals, 3% commercial).
Exemptions worth claiming. The homestead standard deduction removes $48,000 (or 60% of value if less), and the supplemental deduction takes another 37.5% off the remainder — together they cut most owner-occupied bills dramatically. Exemptions are the most common reason two identical Indianapolis homes pay different tax bills — make sure yours are on file with Marion County.
What property tax actually pays for. In Indianapolis — like the rest of Indiana — property tax funds local schools, public safety (police, fire), road maintenance, parks, libraries, and county government. Most of your bill stays in your county and school district.
Comparing to other states. Effective rates vary enormously across the US — from about 0.3% in Hawaii to nearly 2.5% in New Jersey. Indianapolis's 0.90% puts it in the lower third nationally.
Questions
Frequently asked.
Buying in Indianapolis? Estimate your full mortgage payment with our Indianapolis Mortgage Calculator. Or see how Indiana property tax rates compare across the state with our Indiana Property Tax Calculator.
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