47454 Property Tax Rate

Property owners in ZIP code 47454 (Paoli, Indiana) pay a median of $989/year in property taxes on homes valued at $145,400. This translates to an effective tax rate of 0.68%, which is near the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47454 is approximately $82, which factors into escrow payments on mortgages. This ZIP code is located within Orange County. This is $262 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47454 has higher property taxes. ZIP codes with similar effective rates include 46148 (0.68%) and 47138 (0.68%).

In Paoli, property taxes represent approximately 1.8% of the median household income of $53,931, providing context for the relative tax burden on homeowners in this area.

Orange County will reassess your home to market value as part of the triennial reassessment cycle; your closing price establishes the new tax base. Orange County provides a Homestead Exemption and Senior Exemption (65+) available through the Orange County Assessor—file applications within 60 days of purchase. Request your preliminary assessment from the Orange County Assessor to confirm the reassessment amount and exemption calculations before the first tax bill due date.