47120 Property Tax Rate
Fredericksburg, Indiana · Part of Washington County
Effective Tax Rate
0.59%
5.6% above state avgMedian Annual Tax
$1,321
$110/mo escrow
Estimate Your Tax
Annual Tax
$1,321
Monthly
$110
Eff. Rate
0.59%
Buyer decision brief
What ZIP 47120 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$110/mo
Based on median annual tax paid
State context
0.10 percentage points below the Indiana average
Indiana average: 0.69%
Data confidence
High confidenceThe Census margin of error is $177, about 13% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Washington County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 47120 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$177 tax MOE, 13% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Washington County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 47120
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $223,800, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.59%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Indiana and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $110 per month before insurance, HOA dues, or special assessments.
Assessor verification
Washington County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 47120 Compares
Median Annual Property Tax
ZIP 47120
0.59%
Effective rate
Indiana Avg
0.69%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Indiana
Lower than 72% of ZIP codes in Indiana(28th percentile, 713 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 47120
Property owners in ZIP code 47120 (Fredericksburg, Indiana) pay a median of $1,321/year in property taxes on homes valued at $223,800. This translates to an effective tax rate of 0.59%, which is 15% below the Indiana state average of 0.69%.
The monthly property tax burden for a median-valued home in 47120 is approximately $110, which factors into escrow payments on mortgages. This ZIP code is located within Washington County.
Compared to similar ZIP codes in Indiana, 47120 has lower property taxes. ZIP codes with similar effective rates include 47950 (0.59%) and 46970 (0.59%).
In Fredericksburg, property taxes represent approximately 2.2% of the median household income of $58,906, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 47120, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Washington County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 47120?
How much are property taxes in Fredericksburg, IN (47120)?
How does ZIP 47120 compare to the Indiana average?
What is the median home value in ZIP 47120?
What county is ZIP code 47120 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$177. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 47120 is part of Washington County, Indiana. View the full county profile for broader context and more data.
View Washington County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 47120
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
47108
Campbellsburg, IN
0.01 percentage points lower than ZIP 47120.
Rate
0.58%
Tax
$700
Quality
77
46162
Needham, IN
$493,600 higher median home value than ZIP 47120.
Rate
0.68%
Tax
$4,870
Quality
65
46301
Beverly Shores, IN
$358,100 higher median home value than ZIP 47120.
Rate
0.90%
Tax
$5,226
Quality
79
46077
Zionsville, IN
$310,800 higher median home value than ZIP 47120.
Rate
0.86%
Tax
$4,578
Quality
82
46032
Carmel, IN
$240,400 higher median home value than ZIP 47120.
Rate
0.83%
Tax
$3,841
Quality
89
46033
Carmel, IN
$234,800 higher median home value than ZIP 47120.
Rate
0.85%
Tax
$3,876
Quality
89
46040
Fortville, IN
$210,000 higher median home value than ZIP 47120.
Rate
0.76%
Tax
$3,286
Quality
82
46106
Bargersville, IN
$206,700 higher median home value than ZIP 47120.
Rate
0.78%
Tax
$3,361
Quality
82
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.