47519 Property Tax Rate

Property owners in ZIP code 47519 (Cannelburg, Indiana) pay a median of $2,180/year in property taxes on homes valued at $221,200. This translates to an effective tax rate of 0.99%, which is 42% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47519 is approximately $182, which factors into escrow payments on mortgages. This ZIP code is located within Daviess County. This is $929 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47519 has lower property taxes. ZIP codes with similar effective rates include 46320 (0.99%) and 46016 (0.99%).

In Cannelburg, property taxes represent approximately 2.1% of the median household income of $106,125, providing context for the relative tax burden on homeowners in this area.

Daviess County reassesses properties triennially at market value, and your purchase price will reset your assessed value; expect your tax bill to be calculated from that new base. Daviess County offers a Homestead Exemption, Senior Exemption (65+), and Veteran's Exemption—apply with the Daviess County Assessor within 60 days of closing. File all applicable exemption claims before the 45-day deadline shown on your assessment notice to secure immediate tax reductions.