47369 Property Tax Rate

Property owners in ZIP code 47369 (Pennville, Indiana) pay a median of $865/year in property taxes on homes valued at $161,800. This translates to an effective tax rate of 0.53%, which is 23% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47369 is approximately $72, which factors into escrow payments on mortgages. This ZIP code is located within Jay County. This is $386 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47369 has higher property taxes. ZIP codes with similar effective rates include 46542 (0.53%) and 47112 (0.54%).

In Pennville, property taxes represent approximately 2.6% of the median household income of $33,510, providing context for the relative tax burden on homeowners in this area.

Indiana's triennial reassessment schedule means your property value resets to purchase price at sale, and you'll see the new assessed value reflected within one fiscal year. Jay County offers both a Homestead Exemption and Disabled Person Exemption—contact the Jay County Assessor to determine which applies to your household. File your exemption claim before the deadline in your Notice of Assessment (usually 45 days after mailing) to lock in the tax reduction.