47116 Property Tax Rate

Property owners in ZIP code 47116 (Eckerty, Indiana) pay a median of $737/year in property taxes on homes valued at $114,700. This translates to an effective tax rate of 0.64%, which is 7% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47116 is approximately $61, which factors into escrow payments on mortgages. This ZIP code is located within Crawford County. This is $514 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47116 has higher property taxes. ZIP codes with similar effective rates include 46173 (0.64%) and 46763 (0.64%).

In Eckerty, property taxes represent approximately 2.0% of the median household income of $37,426, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses properties every three years without a statewide cap on assessment increases; Crawford County will update your home's value at its next triennial cycle. Crawford County provides a Homestead Property Tax Deduction for owner-occupied homes and Supplemental Homestead Deductions for seniors and disabled homeowners. File your homestead exemption application with the Crawford County Assessor immediately after closing to activate your tax deduction.