47720 Property Tax Rate
Evansville, Indiana · Part of Vanderburgh County
Effective Tax Rate
0.86%
42% above state avgMedian Annual Tax
$1,777
$148/mo escrow
Estimate Your Tax
Annual Tax
$1,777
Monthly
$148
Eff. Rate
0.86%
Buyer decision brief
What ZIP 47720 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$148/mo
Based on median annual tax paid
State context
0.16 percentage points above the Indiana average
Indiana average: 0.69%
Data confidence
High confidenceThe Census margin of error is $133, about 7% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Vanderburgh County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 47720 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$133 tax MOE, 7% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Vanderburgh County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 47720
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $206,800, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.86%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Indiana and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $148 per month before insurance, HOA dues, or special assessments.
Assessor verification
Vanderburgh County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 47720 Compares
Median Annual Property Tax
ZIP 47720
0.86%
Effective rate
Indiana Avg
0.69%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Indiana
Higher than 84% of ZIP codes in Indiana(84th percentile, 713 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 47720
Property owners in ZIP code 47720 (Evansville, Indiana) pay a median of $1,777/year in property taxes on homes valued at $206,800. This translates to an effective tax rate of 0.86%, which is 24% above the Indiana state average of 0.69%.
The monthly property tax burden for a median-valued home in 47720 is approximately $148, which factors into escrow payments on mortgages. This ZIP code is located within Vanderburgh County. This is $526 more than the Indiana average of $1,251/year.
Compared to similar ZIP codes in Indiana, 47720 has lower property taxes. ZIP codes with similar effective rates include 46203 (0.86%) and 46804 (0.86%).
In Evansville, property taxes represent approximately 2.3% of the median household income of $76,968, 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.
Frequently Asked Questions
What is the property tax rate in ZIP code 47720?
How much are property taxes in Evansville, IN (47720)?
How does ZIP 47720 compare to the Indiana average?
What is the median home value in ZIP 47720?
What county is ZIP code 47720 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$133. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 47720 is part of Vanderburgh County, Indiana. View the full county profile for broader context and more data.
View Vanderburgh County on TaxByCounty →Explore Evansville, IN
View all 9 ZIP codes in Evansville with property tax comparisons.
View Evansville Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 47720
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
47713
Evansville, IN
0.16 percentage points lower than ZIP 47720.
Rate
0.70%
Tax
$600
Quality
96
47708
Evansville, IN
0.13 percentage points lower than ZIP 47720.
Rate
0.72%
Tax
$1,750
Quality
96
47712
Evansville, IN
0.13 percentage points lower than ZIP 47720.
Rate
0.73%
Tax
$1,264
Quality
101
47711
Evansville, IN
0.06 percentage points lower than ZIP 47720.
Rate
0.80%
Tax
$1,243
Quality
101
47714
Evansville, IN
0.03 percentage points lower than ZIP 47720.
Rate
0.83%
Tax
$1,036
Quality
101
47715
Evansville, IN
0.03 percentage points lower than ZIP 47720.
Rate
0.83%
Tax
$1,596
Quality
101
47710
Evansville, IN
0.01 percentage points lower than ZIP 47720.
Rate
0.85%
Tax
$1,123
Quality
101
46162
Needham, IN
0.18 percentage points lower than ZIP 47720.
Rate
0.68%
Tax
$4,870
Quality
65
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.