46979 Property Tax Rate

Property owners in ZIP code 46979 (Russiaville, Indiana) pay a median of $1,372/year in property taxes on homes valued at $205,000. This translates to an effective tax rate of 0.67%, which is 4% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46979 is approximately $114, which factors into escrow payments on mortgages. This ZIP code is located within Howard County.

Compared to similar ZIP codes in Indiana, 46979 has lower property taxes. ZIP codes with similar effective rates include 47965 (0.67%) and 47360 (0.67%).

In Russiaville, property taxes represent approximately 1.5% of the median household income of $93,571, 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. Howard County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the Howard County Assessor within 60 days of closing. Contact the Howard County Assessor's office to verify your exemption filing and obtain your property record showing the deduction applied.