46040 Property Tax Rate

Property owners in ZIP code 46040 (Fortville, Indiana) pay a median of $3,286/year in property taxes on homes valued at $433,800. This translates to an effective tax rate of 0.76%, which is 9% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46040 is approximately $274, which factors into escrow payments on mortgages. This ZIP code is located within Hancock County. This is $2,035 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46040 has lower property taxes. ZIP codes with similar effective rates include 46845 (0.76%) and 46391 (0.76%).

In Fortville, property taxes represent approximately 2.3% of the median household income of $144,834, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses at market value at sale, and Hancock County has no statewide cap on annual assessment growth for new owners. Hancock County homeowners may qualify for the Homestead Property Tax Deduction — complete Form 136 and file it with the Hancock County Assessor to reduce assessed value on your primary residence. Request your Notice of Assessment from the Hancock County Assessor within 60 days of closing and file a Property Tax Appeal if the assessed value appears inflated compared to comparable recent sales.