47346 Property Tax Rate

Property owners in ZIP code 47346 (Hagerstown, Indiana) pay a median of $1,262/year in property taxes on homes valued at $147,300. This translates to an effective tax rate of 0.86%, which is 23% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47346 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Wayne County.

Compared to similar ZIP codes in Indiana, 47346 has higher property taxes. ZIP codes with similar effective rates include 46077 (0.86%) and 46060 (0.86%).

In Hagerstown, property taxes represent approximately 1.8% of the median household income of $69,180, providing context for the relative tax burden on homeowners in this area.

Wayne County will reassess your home at market value during the next triennial cycle; your purchase price establishes the new base. Wayne County residents age 65 and older qualify for a Senior Exemption, and military veterans receive a Veteran's Exemption from the Wayne County Assessor. Submit exemption applications within 60 days of purchase with proof of age or military service to secure immediate tax relief.