47353 Property Tax Rate

Property owners in ZIP code 47353 (Liberty, Indiana) pay a median of $1,099/year in property taxes on homes valued at $158,800. This translates to an effective tax rate of 0.69%, which is near the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47353 is approximately $92, which factors into escrow payments on mortgages. This ZIP code is located within Union County.

Compared to similar ZIP codes in Indiana, 47353 has lower property taxes. ZIP codes with similar effective rates include 46163 (0.69%) and 47928 (0.69%).

In Liberty, property taxes represent approximately 1.4% of the median household income of $80,391, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses all properties triennially with no state-imposed cap on value increases; a major revaluation year could substantially raise your tax bill. Union County provides a Homestead Property Tax Deduction for primary residences and supplemental deductions for seniors 65+ and disabled residents. File your homestead exemption with the Union County Assessor immediately after closing to activate your deduction on the next assessment cycle.