47111 Property Tax Rate

Property owners in ZIP code 47111 (Charlestown, Indiana) pay a median of $1,717/year in property taxes on homes valued at $261,700. This translates to an effective tax rate of 0.66%, which is 6% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47111 is approximately $143, which factors into escrow payments on mortgages. This ZIP code is located within Clark County. This is $466 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47111 has lower property taxes. ZIP codes with similar effective rates include 47471 (0.66%) and 47562 (0.66%).

In Charlestown, property taxes represent approximately 1.8% of the median household income of $93,418, providing context for the relative tax burden on homeowners in this area.

Indiana operates on a triennial reassessment cycle with no state cap limiting value increases; Clark County will update your assessment at its next scheduled revaluation. Clark County offers a Homestead Property Tax Deduction and additional Supplemental Homestead Deductions for seniors 65+ and disabled residents. Submit your homestead deduction claim to the Clark County Assessor's office within 30 days of purchase to activate your tax relief.