47946 Property Tax Rate

Property owners in ZIP code 47946 (Francesville, Indiana) pay a median of $792/year in property taxes on homes valued at $155,100. This translates to an effective tax rate of 0.51%, which is 26% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47946 is approximately $66, which factors into escrow payments on mortgages. This ZIP code is located within Pulaski County. This is $459 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47946 has lower property taxes. ZIP codes with similar effective rates include 47531 (0.51%) and 46930 (0.51%).

In Francesville, property taxes represent approximately 1.0% of the median household income of $78,839, providing context for the relative tax burden on homeowners in this area.

Indiana does not limit annual assessment growth; Pulaski County assessors revalue properties on the standard triennial schedule, and your bill adjusts accordingly when values change. The county provides a Homestead Property Tax Deduction for owner-occupied primary residences and enhanced deductions for seniors 65+ and disabled owners. File your deduction application with the Pulaski County Assessor immediately after closing to ensure you receive the exemption in the next assessment cycle.