46035 Property Tax Rate

Property owners in ZIP code 46035 (Colfax, Indiana) pay a median of $1,176/year in property taxes on homes valued at $131,700. This translates to an effective tax rate of 0.89%, which is 29% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46035 is approximately $98, which factors into escrow payments on mortgages. This ZIP code is located within Clinton County.

Compared to similar ZIP codes in Indiana, 46035 has higher property taxes. ZIP codes with similar effective rates include 46224 (0.89%) and 46375 (0.89%).

In Colfax, property taxes represent approximately 1.6% of the median household income of $72,446, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses residential property at market value upon purchase with no state cap on subsequent annual increases. Clinton County applies the Homestead Property Tax Deduction to qualifying primary residences — file Form 136 with the Clinton County Assessor to claim the exemption and reduce your taxable assessed value. File your deduction claim in the first tax year after ownership begins and verify your assessment with the Clinton County Assessor's office.