47562 Property Tax Rate

Property owners in ZIP code 47562 (Odon, Indiana) pay a median of $1,284/year in property taxes on homes valued at $195,600. This translates to an effective tax rate of 0.66%, which is 5% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47562 is approximately $107, which factors into escrow payments on mortgages. This ZIP code is located within Daviess County.

Compared to similar ZIP codes in Indiana, 47562 has lower property taxes. ZIP codes with similar effective rates include 47250 (0.66%) and 47344 (0.66%).

In Odon, property taxes represent approximately 1.8% of the median household income of $70,896, 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.