47601 Property Tax Rate

Property owners in ZIP code 47601 (Boonville, Indiana) pay a median of $1,348/year in property taxes on homes valued at $184,900. This translates to an effective tax rate of 0.73%, which is 5% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47601 is approximately $112, which factors into escrow payments on mortgages. This ZIP code is located within Warrick County.

Compared to similar ZIP codes in Indiana, 47601 has higher property taxes. ZIP codes with similar effective rates include 47528 (0.73%) and 47712 (0.73%).

In Boonville, property taxes represent approximately 1.7% of the median household income of $77,411, providing context for the relative tax burden on homeowners in this area.

Warrick County reassesses all properties every three years at market value, resetting your assessed value to your purchase price at closing. Warrick County residents qualify for a Homestead Exemption and Veteran's Exemption—submit both applications to the Warrick County Assessor within 60 days of ownership transfer. Contact the Warrick County Assessor before closing to confirm exemption amounts and to schedule your exemption filing during the 60-day application window.