47354 Property Tax Rate

Property owners in ZIP code 47354 (Losantville, Indiana) pay a median of $868/year in property taxes on homes valued at $115,600. This translates to an effective tax rate of 0.75%, which is 8% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47354 is approximately $72, which factors into escrow payments on mortgages. This ZIP code is located within Randolph County. This is $383 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47354 has lower property taxes. ZIP codes with similar effective rates include 46561 (0.75%) and 46767 (0.75%).

In Losantville, property taxes represent approximately 1.4% of the median household income of $63,204, providing context for the relative tax burden on homeowners in this area.

Randolph County reassesses all properties every three years, resetting your assessed value to market at purchase; monitor your assessment notice carefully after closing. Randolph County provides a Homestead Exemption and a Senior Exemption (65+) that reduce your taxable assessed value—apply with the Randolph County Assessor within 60 days of taking ownership. Request a Notice of Assessment from the Randolph County Assessor's office to verify the reassessment was performed correctly and to confirm exemption amounts.