47921 Property Tax Rate

Property owners in ZIP code 47921 (Boswell, Indiana) pay a median of $1,062/year in property taxes on homes valued at $168,200. This translates to an effective tax rate of 0.63%, which is 9% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47921 is approximately $89, which factors into escrow payments on mortgages. This ZIP code is located within Benton County.

Compared to similar ZIP codes in Indiana, 47921 has higher property taxes. ZIP codes with similar effective rates include 46706 (0.63%) and 47106 (0.63%).

In Boswell, property taxes represent approximately 1.3% of the median household income of $81,442, providing context for the relative tax burden on homeowners in this area.

Indiana does not cap property tax assessments, so the Benton County Assessor may reassess your property upward at any time based on fair market value determinations. Submit your application for the Homestead Deduction and Senior Citizen Deduction to the Benton County Assessor within 60 days of purchase to access available exemptions and tax relief. Review your assessment notice carefully and file a Formal Assessment Appeal with the Benton County Board of Tax Review if the appraised value appears inconsistent with recent comparable sales.