47175 Property Tax Rate

Property owners in ZIP code 47175 (Taswell, Indiana) pay a median of $557/year in property taxes on homes valued at $115,400. This translates to an effective tax rate of 0.48%, which is 30% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47175 is approximately $46, which factors into escrow payments on mortgages. This ZIP code is located within Crawford County. This is $694 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47175 has lower property taxes. ZIP codes with similar effective rates include 46732 (0.48%) and 47846 (0.49%).

In Taswell, property taxes represent approximately 0.9% of the median household income of $65,417, 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.