47639 Property Tax Rate

Property owners in ZIP code 47639 (Haubstadt, Indiana) pay a median of $1,891/year in property taxes on homes valued at $257,200. This translates to an effective tax rate of 0.74%, which is 6% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47639 is approximately $158, which factors into escrow payments on mortgages. This ZIP code is located within Gibson County. This is $640 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47639 has higher property taxes. ZIP codes with similar effective rates include 47003 (0.73%) and 46748 (0.74%).

In Haubstadt, property taxes represent approximately 2.1% of the median household income of $90,985, 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.