47244 Property Tax Rate

Property owners in ZIP code 47244 (Hartsville, Indiana) pay a median of $1,340/year in property taxes on homes valued at $333,800. This translates to an effective tax rate of 0.40%, which is 42% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47244 is approximately $112, which factors into escrow payments on mortgages. This ZIP code is located within Bartholomew County.

Compared to similar ZIP codes in Indiana, 47244 has higher property taxes. ZIP codes with similar effective rates include 46991 (0.40%) and 46111 (0.40%).

In Hartsville, property taxes represent approximately 1.9% of the median household income of $68,750, 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.