47954 Property Tax Rate

Property owners in ZIP code 47954 (Ladoga, Indiana) pay a median of $1,152/year in property taxes on homes valued at $179,000. This translates to an effective tax rate of 0.64%, which is 7% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47954 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Montgomery County.

Compared to similar ZIP codes in Indiana, 47954 has lower property taxes. ZIP codes with similar effective rates include 46738 (0.64%) and 46797 (0.64%).

In Ladoga, property taxes represent approximately 1.4% of the median household income of $84,136, providing context for the relative tax burden on homeowners in this area.

Indiana does not impose a statewide property tax assessment cap, and the Montgomery County Assessor may adjust assessed values upward without statutory limitation. Montgomery County residents qualify for the Homestead Deduction and Senior Citizen Deduction — apply to the Montgomery County Assessor within 60 days of closing to reduce your assessed value. File a written Assessment Appeal with the Montgomery County Board of Tax Review if you receive an assessment notice that you believe overstates the property's fair market value.