46077 Property Tax Rate

Property owners in ZIP code 46077 (Zionsville, Indiana) pay a median of $4,578/year in property taxes on homes valued at $534,600. This translates to an effective tax rate of 0.86%, which is 23% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46077 is approximately $382, which factors into escrow payments on mortgages. This ZIP code is located within Boone County. This is $3,327 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46077 has higher property taxes. ZIP codes with similar effective rates include 46060 (0.86%) and 47346 (0.86%).

In Zionsville, property taxes represent approximately 2.8% of the median household income of $160,868, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses residential property at market value at sale with no subsequent annual cap. Boone County homeowners qualify for the state Homestead Property Tax Deduction — file Form 136 with the Boone County Assessor to claim the exemption and reduce assessed value on your primary residence. Contact the Boone County Assessor's office immediately after closing to file your deduction and receive your initial assessment notice.