46563 Property Tax Rate

Property owners in ZIP code 46563 (Plymouth, Indiana) pay a median of $1,250/year in property taxes on homes valued at $179,800. 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 46563 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Marshall County.

Compared to similar ZIP codes in Indiana, 46563 has lower property taxes. ZIP codes with similar effective rates include 47882 (0.70%) and 47459 (0.70%).

In Plymouth, property taxes represent approximately 1.8% of the median household income of $69,205, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses property at sale to current market value, resetting your tax base to the purchase price. Marshall County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the Marshall County Assessor within 60 days of purchase. Contact the Marshall County Assessor's office to confirm your exemption filing and obtain a copy of your assessed value for your records.