46975 Property Tax Rate

Property owners in ZIP code 46975 (Rochester, Indiana) pay a median of $777/year in property taxes on homes valued at $151,100. This translates to an effective tax rate of 0.51%, which is 26% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46975 is approximately $65, which factors into escrow payments on mortgages. This ZIP code is located within Fulton County. This is $474 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46975 has lower property taxes. ZIP codes with similar effective rates include 47161 (0.51%) and 46157 (0.51%).

In Rochester, property taxes represent approximately 1.2% of the median household income of $64,009, 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. Fulton County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the Fulton County Assessor within 60 days of purchase. Request your property record from the Fulton County Assessor to confirm the homestead deduction is applied before your first tax bill arrives.