47304 Property Tax Rate
Muncie, Indiana · Part of Delaware County
Effective Tax Rate
0.93%
19.7% above state avgMedian Annual Tax
$1,497
$125/mo escrow
Estimate Your Tax
Annual Tax
$1,497
Monthly
$125
Eff. Rate
0.93%
Buyer decision brief
What ZIP 47304 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$125/mo
Based on median annual tax paid
State context
0.23 percentage points above the Indiana average
Indiana average: 0.69%
Data confidence
High confidenceThe Census margin of error is $119, about 8% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Delaware County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 47304 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$119 tax MOE, 8% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Delaware County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 47304
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $161,700, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.93%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Indiana and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $125 per month before insurance, HOA dues, or special assessments.
Assessor verification
Delaware County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 47304 Compares
Median Annual Property Tax
ZIP 47304
0.93%
Effective rate
Indiana Avg
0.69%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Indiana
Higher than 91% of ZIP codes in Indiana(91th percentile, 713 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 47304
Property owners in ZIP code 47304 (Muncie, Indiana) pay a median of $1,497/year in property taxes on homes valued at $161,700. This translates to an effective tax rate of 0.93%, which is 33% above the Indiana state average of 0.69%.
The monthly property tax burden for a median-valued home in 47304 is approximately $125, which factors into escrow payments on mortgages. This ZIP code is located within Delaware County. This is $246 more than the Indiana average of $1,251/year.
Compared to similar ZIP codes in Indiana, 47304 has lower property taxes. ZIP codes with similar effective rates include 46349 (0.93%) and 47966 (0.93%).
In Muncie, property taxes represent approximately 2.2% of the median household income of $67,756, providing context for the relative tax burden on homeowners in this area.
Indiana's triennial reassessment means your property value resets to market at sale, with the next reassessment cycle occurring within three years; keep records of your purchase price for reference. Delaware County provides a Homestead Exemption and Senior Exemption (age 65+) that reduce assessed value—apply with the Delaware County Assessor immediately after purchase. File your exemption claim by the deadline specified in your initial assessment notice (typically 45 days from mailing) to avoid losing one year of tax savings.
Frequently Asked Questions
What is the property tax rate in ZIP code 47304?
How much are property taxes in Muncie, IN (47304)?
How does ZIP 47304 compare to the Indiana average?
What is the median home value in ZIP 47304?
What county is ZIP code 47304 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$119. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 47304 is part of Delaware County, Indiana. View the full county profile for broader context and more data.
View Delaware County on TaxByCounty →Explore Muncie, IN
View all 4 ZIP codes in Muncie with property tax comparisons.
View Muncie Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 47304
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
47305
Muncie, IN
0.21 percentage points lower than ZIP 47304.
Rate
0.72%
Tax
$554
Quality
85
47303
Muncie, IN
0.14 percentage points lower than ZIP 47304.
Rate
0.78%
Tax
$833
Quality
96
47302
Muncie, IN
0.01 percentage points lower than ZIP 47304.
Rate
0.92%
Tax
$649
Quality
96
47342
Gaston, IN
0.32 percentage points lower than ZIP 47304.
Rate
0.61%
Tax
$796
Quality
86
47338
Eaton, IN
0.27 percentage points lower than ZIP 47304.
Rate
0.65%
Tax
$671
Quality
91
47320
Albany, IN
0.19 percentage points lower than ZIP 47304.
Rate
0.73%
Tax
$881
Quality
86
47396
Yorktown, IN
0.18 percentage points lower than ZIP 47304.
Rate
0.74%
Tax
$1,282
Quality
86
47334
Daleville, IN
0.14 percentage points lower than ZIP 47304.
Rate
0.78%
Tax
$1,344
Quality
91
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.