47384 Property Tax Rate

Property owners in ZIP code 47384 (Shirley, Indiana) pay a median of $1,041/year in property taxes on homes valued at $124,400. This translates to an effective tax rate of 0.84%, which is 21% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47384 is approximately $87, which factors into escrow payments on mortgages. This ZIP code is located within Henry County. This is $210 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47384 has higher property taxes. ZIP codes with similar effective rates include 47964 (0.84%) and 46807 (0.84%).

In Shirley, property taxes represent approximately 1.4% of the median household income of $72,083, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses property at market value upon purchase with no statewide annual increase cap. Henry County homeowners qualify for the Homestead Property Tax Deduction — apply to the Henry County Assessor using Form 136 to reduce assessed value on your primary residence. File your Form 136 with the Henry County Assessor within the first tax year of ownership and request your assessment notice to confirm the deduction has been applied.