47137 Property Tax Rate

Property owners in ZIP code 47137 (Leavenworth, Indiana) pay a median of $920/year in property taxes on homes valued at $116,300. This translates to an effective tax rate of 0.79%, which is 14% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47137 is approximately $77, which factors into escrow payments on mortgages. This ZIP code is located within Crawford County. This is $331 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47137 has higher property taxes. ZIP codes with similar effective rates include 46774 (0.79%) and 46574 (0.79%).

In Leavenworth, property taxes represent approximately 1.7% of the median household income of $54,737, 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.