47714 Property Tax Rate

Property owners in ZIP code 47714 (Evansville, Indiana) pay a median of $1,036/year in property taxes on homes valued at $124,800. This translates to an effective tax rate of 0.83%, which is 20% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47714 is approximately $86, which factors into escrow payments on mortgages. This ZIP code is located within Vanderburgh County. This is $215 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47714 has lower property taxes. ZIP codes with similar effective rates include 46530 (0.83%) and 46001 (0.83%).

In Evansville, property taxes represent approximately 1.9% of the median household income of $54,614, providing context for the relative tax burden on homeowners in this area.

Indiana does not impose a statewide assessment increase cap, so your property may be reassessed upward at any time based on market value determinations by the Vanderburgh County Assessor. Vanderburgh County offers both a Homestead Deduction and Senior Citizen Property Tax Deduction; file your application with the Vanderburgh County Assessor immediately after closing to lock in available relief. Submit a Formal Assessment Appeal to the Vanderburgh County Board of Tax Review by the published deadline (typically 60 days from the assessment notice) if you believe the assessed value is incorrect.