47280 Property Tax Rate

Property owners in ZIP code 47280 (Taylorsville, Indiana) pay a median of $772/year in property taxes on homes valued at $179,400. This translates to an effective tax rate of 0.43%, which is 38% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47280 is approximately $64, which factors into escrow payments on mortgages. This ZIP code is located within Bartholomew County. This is $479 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47280 has lower property taxes. ZIP codes with similar effective rates include 47857 (0.43%) and 47989 (0.43%).

In Taylorsville, property taxes represent approximately 1.6% of the median household income of $48,640, 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.