47274 Property Tax Rate

Property owners in ZIP code 47274 (Seymour, Indiana) pay a median of $891/year in property taxes on homes valued at $187,800. This translates to an effective tax rate of 0.47%, which is 32% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47274 is approximately $74, which factors into escrow payments on mortgages. This ZIP code is located within Jackson County. This is $360 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47274 has lower property taxes. ZIP codes with similar effective rates include 47952 (0.48%) and 47247 (0.47%).

In Seymour, property taxes represent approximately 1.2% of the median household income of $72,186, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses properties every three years without a state cap on assessment increases; Jackson County will update your property value when its next triennial revaluation occurs. Jackson County provides a Homestead Property Tax Deduction for owner-occupied primary residences and Supplemental Homestead Deductions for seniors and disabled homeowners. File your homestead exemption with the Jackson County Assessor immediately after closing to secure your tax deduction.