47525 Property Tax Rate

Property owners in ZIP code 47525 (Derby, Indiana) pay a median of $817/year in property taxes on homes valued at $194,500. This translates to an effective tax rate of 0.42%, which is 39% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47525 is approximately $68, which factors into escrow payments on mortgages. This ZIP code is located within Perry County. This is $434 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47525 has higher property taxes. ZIP codes with similar effective rates include 47837 (0.42%) and 46555 (0.42%).

In Derby, property taxes represent approximately 1.1% of the median household income of $71,731, providing context for the relative tax burden on homeowners in this area.

Perry County will reassess your home to market value during the next triennial cycle; your purchase price anchors the new assessment. Perry County offers a Homestead Exemption and Senior Exemption (65+) available through the Perry County Assessor—apply within 60 days of purchase to qualify. File your exemption applications before the 45-day deadline specified in your Notice of Assessment to ensure the reduction takes effect on your first tax bill.