47201 Property Tax Rate

Property owners in ZIP code 47201 (Columbus, Indiana) pay a median of $1,476/year in property taxes on homes valued at $217,600. This translates to an effective tax rate of 0.68%, which is near the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47201 is approximately $123, which factors into escrow payments on mortgages. This ZIP code is located within Bartholomew County. This is $225 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47201 has lower property taxes. ZIP codes with similar effective rates include 46147 (0.68%) and 46056 (0.68%).

In Columbus, property taxes represent approximately 1.8% of the median household income of $82,667, providing context for the relative tax burden on homeowners in this area.

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