47612 Property Tax Rate

Property owners in ZIP code 47612 (Cynthiana, Indiana) pay a median of $667/year in property taxes on homes valued at $111,500. This translates to an effective tax rate of 0.60%, which is 14% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47612 is approximately $56, which factors into escrow payments on mortgages. This ZIP code is located within Gibson County. This is $584 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47612 has lower property taxes. ZIP codes with similar effective rates include 46770 (0.60%) and 46915 (0.60%).

In Cynthiana, property taxes represent approximately 1.0% of the median household income of $66,750, providing context for the relative tax burden on homeowners in this area.

Indiana has no statewide property tax cap — assessments are based on the assessed value set by the Gibson County Assessor and can increase annually without limit. Gibson County offers a standard homestead exemption and senior citizen property tax deduction; contact the Gibson County Assessor's office to file for these programs and determine your eligibility. File any exemption application immediately upon purchase and request a formal assessment review if the appraised value exceeds comparable sales in your area.