47203 Property Tax Rate

Property owners in ZIP code 47203 (Columbus, Indiana) pay a median of $1,903/year in property taxes on homes valued at $234,300. This translates to an effective tax rate of 0.81%, which is 17% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47203 is approximately $159, which factors into escrow payments on mortgages. This ZIP code is located within Bartholomew County. This is $652 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47203 has lower property taxes. ZIP codes with similar effective rates include 46012 (0.81%) and 46235 (0.81%).

In Columbus, property taxes represent approximately 2.6% of the median household income of $73,595, 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.