47445 Property Tax Rate

Property owners in ZIP code 47445 (Midland, Indiana) pay a median of $199/year in property taxes on homes valued at $110,800. This translates to an effective tax rate of 0.18%, which is 74% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47445 is approximately $17, which factors into escrow payments on mortgages. This ZIP code is located within Greene County. This is $1,052 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47445 has lower property taxes. ZIP codes with similar effective rates include 46759 (0.26%) and 46778 (0.27%).

In Midland, property taxes represent approximately 0.3% of the median household income of $76,080, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 47445, 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 Greene County's tax assessor directly.