47805 Property Tax Rate

Property owners in ZIP code 47805 (Terre Haute, Indiana) pay a median of $1,215/year in property taxes on homes valued at $151,900. This translates to an effective tax rate of 0.80%, which is 15% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47805 is approximately $101, which factors into escrow payments on mortgages. This ZIP code is located within Vigo County.

Compared to similar ZIP codes in Indiana, 47805 has higher property taxes. ZIP codes with similar effective rates include 46902 (0.80%) and 46076 (0.80%).

In Terre Haute, property taxes represent approximately 1.7% of the median household income of $69,716, providing context for the relative tax burden on homeowners in this area.

Indiana assessments have no annual growth cap, and the Vigo County Assessor may reassess your property upward upon sale or during the standard assessment cycle without statutory limitation. File for the Homestead Deduction and (if eligible) the Senior Citizen or Veteran Property Tax Deduction with the Vigo County Assessor within 60 days of purchase to reduce your assessed value. Review your assessment notice carefully and file a written protest with the Vigo County Board of Tax Review if the assessed value exceeds recent comparable sales by more than 5–10%.