46033 Property Tax Rate
Carmel, Indiana · Part of Hamilton County
Effective Tax Rate
0.85%
209.8% above state avgMedian Annual Tax
$3,876
$323/mo escrow
Estimate Your Tax
Annual Tax
$3,876
Monthly
$323
Eff. Rate
0.85%
Buyer decision brief
What ZIP 46033 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$323/mo
Based on median annual tax paid
State context
0.15 percentage points above the Indiana average
Indiana average: 0.69%
Data confidence
High confidenceThe Census margin of error is $150, about 4% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Hamilton County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 46033 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$150 tax MOE, 4% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Hamilton County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 46033
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $458,600, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.85%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Indiana and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $323 per month before insurance, HOA dues, or special assessments.
Assessor verification
Hamilton County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 46033 Compares
Median Annual Property Tax
ZIP 46033
0.85%
Effective rate
Indiana Avg
0.69%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Indiana
Higher than 82% of ZIP codes in Indiana(82th percentile, 713 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 46033
Property owners in ZIP code 46033 (Carmel, Indiana) pay a median of $3,876/year in property taxes on homes valued at $458,600. This translates to an effective tax rate of 0.85%, which is 22% above the Indiana state average of 0.69%.
The monthly property tax burden for a median-valued home in 46033 is approximately $323, which factors into escrow payments on mortgages. This ZIP code is located within Hamilton County. This is $2,625 more than the Indiana average of $1,251/year.
Compared to similar ZIP codes in Indiana, 46033 has higher property taxes. ZIP codes with similar effective rates include 47394 (0.84%) and 46825 (0.84%).
In Carmel, property taxes represent approximately 2.6% of the median household income of $150,529, providing context for the relative tax burden on homeowners in this area.
Indiana reassesses property at market value at the time of sale with no annual growth cap thereafter. Hamilton County recognizes the state Homestead Property Tax Deduction — file Form 136 with the Hamilton County Assessor to reduce assessed value on your primary residence. Submit your application promptly after purchase and contact the Hamilton County Assessor if you do not receive a timely reassessment notice.
Frequently Asked Questions
What is the property tax rate in ZIP code 46033?
How much are property taxes in Carmel, IN (46033)?
How does ZIP 46033 compare to the Indiana average?
What is the median home value in ZIP 46033?
What county is ZIP code 46033 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$150. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 46033 is part of Hamilton County, Indiana. View the full county profile for broader context and more data.
View Hamilton County on TaxByCounty →Explore Carmel, IN
View all 2 ZIP codes in Carmel with property tax comparisons.
View Carmel Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 46033
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
46032
Carmel, IN
0.02 percentage points lower than ZIP 46033.
Rate
0.83%
Tax
$3,841
Quality
96
46031
Atlanta, IN
0.11 percentage points lower than ZIP 46033.
Rate
0.73%
Tax
$1,298
Quality
84
46030
Arcadia, IN
0.07 percentage points lower than ZIP 46033.
Rate
0.78%
Tax
$1,758
Quality
78
46069
Sheridan, IN
0.07 percentage points lower than ZIP 46033.
Rate
0.78%
Tax
$1,895
Quality
84
46034
Cicero, IN
0.06 percentage points lower than ZIP 46033.
Rate
0.78%
Tax
$2,297
Quality
84
46280
Indianapolis, IN
0.05 percentage points lower than ZIP 46033.
Rate
0.80%
Tax
$2,321
Quality
101
46062
Noblesville, IN
0.01 percentage points lower than ZIP 46033.
Rate
0.83%
Tax
$2,930
Quality
96
46162
Needham, IN
0.17 percentage points lower than ZIP 46033.
Rate
0.68%
Tax
$4,870
Quality
65
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.