47136 Property Tax Rate

Property owners in ZIP code 47136 (Lanesville, Indiana) pay a median of $1,498/year in property taxes on homes valued at $239,300. This translates to an effective tax rate of 0.63%, which is 10% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47136 is approximately $125, which factors into escrow payments on mortgages. This ZIP code is located within Harrison County. This is $247 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47136 has higher property taxes. ZIP codes with similar effective rates include 47126 (0.63%) and 47933 (0.63%).

In Lanesville, property taxes represent approximately 1.6% of the median household income of $96,625, providing context for the relative tax burden on homeowners in this area.

Indiana has no state property tax cap; Harrison County reassesses properties triennially, and new purchases are valued at market rate without a cap on increases. Harrison County offers a Homestead Property Tax Deduction for primary residences and enhanced Supplemental Homestead Deductions for seniors 65+ and disabled residents. Contact the Harrison County Assessor within 30 days of purchase to file for your homestead deduction and confirm your property's assessed value.