46234 Property Tax Rate
Indianapolis, Indiana · Part of Hendricks County
Effective Tax Rate
0.95%
71.9% above state avgMedian Annual Tax
$2,150
$179/mo escrow
Estimate Your Tax
Annual Tax
$2,150
Monthly
$179
Eff. Rate
0.95%
Buyer decision brief
What ZIP 46234 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$179/mo
Based on median annual tax paid
State context
0.26 percentage points above the Indiana average
Indiana average: 0.69%
Data confidence
High confidenceThe Census margin of error is $103, about 5% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Hendricks County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 46234 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$103 tax MOE, 5% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Hendricks County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 46234
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $226,400, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.95%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Indiana and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $179 per month before insurance, HOA dues, or special assessments.
Assessor verification
Hendricks County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 46234 Compares
Median Annual Property Tax
ZIP 46234
0.95%
Effective rate
Indiana Avg
0.69%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Indiana
Higher than 92% of ZIP codes in Indiana(92th percentile, 713 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 46234
Property owners in ZIP code 46234 (Indianapolis, Indiana) pay a median of $2,150/year in property taxes on homes valued at $226,400. This translates to an effective tax rate of 0.95%, which is 37% above the Indiana state average of 0.69%.
The monthly property tax burden for a median-valued home in 46234 is approximately $179, which factors into escrow payments on mortgages. This ZIP code is located within Hendricks County. This is $899 more than the Indiana average of $1,251/year.
Compared to similar ZIP codes in Indiana, 46234 has lower property taxes. ZIP codes with similar effective rates include 46408 (0.95%) and 47357 (0.95%).
In Indianapolis, property taxes represent approximately 2.6% of the median household income of $83,137, providing context for the relative tax burden on homeowners in this area.
Indiana reassesses at market value upon purchase; there is no statewide annual increase cap for new owners. Hendricks County offers the Homestead Property Tax Deduction — apply to the Hendricks County Assessor using Form 136 to reduce assessed value for your primary residence. File your Form 136 claim with the Hendricks County Assessor within the first tax year of ownership and request a copy of your Notice of Assessment to verify accuracy.
Frequently Asked Questions
What is the property tax rate in ZIP code 46234?
How much are property taxes in Indianapolis, IN (46234)?
How does ZIP 46234 compare to the Indiana average?
What is the median home value in ZIP 46234?
What county is ZIP code 46234 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$103. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 46234 is part of Hendricks County, Indiana. View the full county profile for broader context and more data.
View Hendricks County on TaxByCounty →Explore Indianapolis, IN
View all 36 ZIP codes in Indianapolis with property tax comparisons.
View Indianapolis Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 46234
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
46201
Indianapolis, IN
0.21 percentage points lower than ZIP 46234.
Rate
0.74%
Tax
$1,110
Quality
94
46202
Indianapolis, IN
0.03 percentage points lower than ZIP 46234.
Rate
0.92%
Tax
$3,869
Quality
94
46203
Indianapolis, IN
0.09 percentage points lower than ZIP 46234.
Rate
0.86%
Tax
$1,337
Quality
94
46204
Indianapolis, IN
$124,000 higher median home value than ZIP 46234.
Rate
1.02%
Tax
$3,588
Quality
94
46205
Indianapolis, IN
0.08 percentage points lower than ZIP 46234.
Rate
0.87%
Tax
$2,411
Quality
94
46208
Indianapolis, IN
0.09 percentage points lower than ZIP 46234.
Rate
0.85%
Tax
$1,761
Quality
89
46214
Indianapolis, IN
Same city name, different county context: Marion County.
Rate
1.09%
Tax
$1,962
Quality
94
46216
Indianapolis, IN
0.23 percentage points lower than ZIP 46234.
Rate
0.72%
Tax
$1,833
Quality
89
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.