46723 Property Tax Rate

Property owners in ZIP code 46723 (Churubusco, Indiana) pay a median of $1,346/year in property taxes on homes valued at $198,800. This translates to an effective tax rate of 0.68%, which is near the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46723 is approximately $112, which factors into escrow payments on mortgages. This ZIP code is located within Whitley County.

Compared to similar ZIP codes in Indiana, 46723 has higher property taxes. ZIP codes with similar effective rates include 46172 (0.68%) and 46124 (0.68%).

In Churubusco, property taxes represent approximately 1.7% of the median household income of $80,183, 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. Whitley County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the Whitley County Assessor within 60 days of closing. Contact the Whitley County Assessor to confirm your exemption application and request a copy of your assessed value for verification.