46064 Property Tax Rate

Property owners in ZIP code 46064 (Pendleton, Indiana) pay a median of $1,801/year in property taxes on homes valued at $256,500. This translates to an effective tax rate of 0.70%, which is near the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46064 is approximately $150, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $550 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46064 has lower property taxes. ZIP codes with similar effective rates include 46986 (0.70%) and 47568 (0.70%).

In Pendleton, property taxes represent approximately 2.0% of the median household income of $92,012, 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.