46740 Property Tax Rate

Property owners in ZIP code 46740 (Geneva, Indiana) pay a median of $1,562/year in property taxes on homes valued at $178,900. This translates to an effective tax rate of 0.87%, which is 26% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46740 is approximately $130, which factors into escrow payments on mortgages. This ZIP code is located within Adams County. This is $311 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46740 has lower property taxes. ZIP codes with similar effective rates include 47802 (0.87%) and 46619 (0.88%).

In Geneva, property taxes represent approximately 2.6% of the median household income of $59,230, 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. Adams County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the Adams County Assessor within 60 days of closing. Contact the Adams County Assessor to confirm your exemption was filed and to note the appeal deadline if you need to challenge the assessment.