46745 Property Tax Rate

Property owners in ZIP code 46745 (Hoagland, Indiana) pay a median of $1,718/year in property taxes on homes valued at $233,900. This translates to an effective tax rate of 0.73%, which is 6% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46745 is approximately $143, which factors into escrow payments on mortgages. This ZIP code is located within Allen County. This is $467 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46745 has lower property taxes. ZIP codes with similar effective rates include 47003 (0.73%) and 46507 (0.73%).

In Hoagland, property taxes represent approximately 1.9% of the median household income of $89,632, 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. Allen County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the Allen County Assessor within 60 days of purchase. Confirm with the Allen County Assessor that your homestead deduction is applied to your property record and note the appeal deadline for any assessment disputes.