47968 Property Tax Rate
New Ross, Indiana · Part of Montgomery County
Effective Tax Rate
0.85%
40.4% above state avgMedian Annual Tax
$1,757
$146/mo escrow
Estimate Your Tax
Annual Tax
$1,757
Monthly
$146
Eff. Rate
0.85%
Buyer decision brief
What ZIP 47968 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
$146/mo
Based on median annual tax paid
State context
0.16 percentage points above the Indiana average
Indiana average: 0.69%
Data confidence
Use cautionThe Census margin of error is $656, about 37% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Montgomery 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 47968 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
High margin of error
$656 tax MOE, 37% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Montgomery County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 47968
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 $205,800, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.85%, 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 $146 per month before insurance, HOA dues, or special assessments.
Assessor verification
Montgomery County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 47968 Compares
Median Annual Property Tax
ZIP 47968
0.85%
Effective rate
Indiana Avg
0.69%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Indiana
Higher than 83% of ZIP codes in Indiana(83th percentile, 713 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 47968
Property owners in ZIP code 47968 (New Ross, Indiana) pay a median of $1,757/year in property taxes on homes valued at $205,800. This translates to an effective tax rate of 0.85%, which is 23% above the Indiana state average of 0.69%.
The monthly property tax burden for a median-valued home in 47968 is approximately $146, which factors into escrow payments on mortgages. This ZIP code is located within Montgomery County. This is $506 more than the Indiana average of $1,251/year.
Compared to similar ZIP codes in Indiana, 47968 has higher property taxes. ZIP codes with similar effective rates include 47710 (0.85%) and 46348 (0.85%).
In New Ross, property taxes represent approximately 2.4% of the median household income of $74,583, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 47968, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Montgomery County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 47968?
How much are property taxes in New Ross, IN (47968)?
How does ZIP 47968 compare to the Indiana average?
What is the median home value in ZIP 47968?
What county is ZIP code 47968 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$656. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 47968 is part of Montgomery County, Indiana. View the full county profile for broader context and more data.
View Montgomery County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 47968
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
47989
Waveland, IN
0.42 percentage points lower than ZIP 47968.
Rate
0.43%
Tax
$499
Quality
71
47916
Alamo, IN
0.40 percentage points lower than ZIP 47968.
Rate
0.45%
Tax
$271
Quality
67
47994
Wingate, IN
0.36 percentage points lower than ZIP 47968.
Rate
0.49%
Tax
$544
Quality
71
47955
Linden, IN
0.33 percentage points lower than ZIP 47968.
Rate
0.53%
Tax
$615
Quality
71
47990
Waynetown, IN
0.31 percentage points lower than ZIP 47968.
Rate
0.55%
Tax
$607
Quality
77
47940
Darlington, IN
0.25 percentage points lower than ZIP 47968.
Rate
0.60%
Tax
$898
Quality
77
47933
Crawfordsville, IN
0.23 percentage points lower than ZIP 47968.
Rate
0.63%
Tax
$1,107
Quality
82
47954
Ladoga, IN
0.21 percentage points lower than ZIP 47968.
Rate
0.64%
Tax
$1,152
Quality
77
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.