46017 Property Tax Rate

Property owners in ZIP code 46017 (Anderson, Indiana) pay a median of $996/year in property taxes on homes valued at $138,500. This translates to an effective tax rate of 0.72%, which is 4% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46017 is approximately $83, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $255 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46017 has lower property taxes. ZIP codes with similar effective rates include 46710 (0.72%) and 47172 (0.72%).

In Anderson, property taxes represent approximately 1.4% of the median household income of $72,468, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses property at market value at sale, with no state-imposed cap on year-to-year increases once ownership changes. Madison County offers the Homestead Property Tax Deduction on the state level, reducing taxable assessed value for owner-occupied homes — apply through the Madison County Assessor's office by filing a Form 136 application. Request your assessment from the Madison County Assessor and file a Property Tax Appeal Form if the assessed value exceeds recent sale comparables; appeals must be filed by the deadline set in your assessment notice.