46074 Property Tax Rate

Property owners in ZIP code 46074 (Westfield, Indiana) pay a median of $3,635/year in property taxes on homes valued at $400,000. This translates to an effective tax rate of 0.91%, which is 31% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46074 is approximately $303, which factors into escrow payments on mortgages. This ZIP code is located within Hamilton County. This is $2,384 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46074 has lower property taxes. ZIP codes with similar effective rates include 46376 (0.91%) and 46410 (0.91%).

In Westfield, property taxes represent approximately 2.9% of the median household income of $123,580, 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.