47390 Property Tax Rate

Property owners in ZIP code 47390 (Union City, Indiana) pay a median of $848/year in property taxes on homes valued at $94,100. This translates to an effective tax rate of 0.90%, which is 30% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47390 is approximately $71, which factors into escrow payments on mortgages. This ZIP code is located within Randolph County. This is $403 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47390 has lower property taxes. ZIP codes with similar effective rates include 46322 (0.90%) and 47725 (0.90%).

In Union City, property taxes represent approximately 1.9% of the median household income of $44,752, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 47390, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Randolph County's tax assessor directly.