Marion, IN Property Tax Rates
Compare property tax rates across 2 ZIP codes in Marion, Indiana.
Avg Tax Rate
0.70%
Avg Annual Tax
$760
Avg Home Value
$108,700
ZIP Codes
2
Property Tax Overview: Marion, IN
Marion has 2 ZIP codes with property tax data. The average effective tax rate across these ZIPs is 0.70%, which is near the Indiana average of 0.69%. Annual property taxes range from $611 (ZIP 46953) to $909 (ZIP 46952).
For a home at Marion's median value of $108,700, property taxes add approximately $63/month to housing costs. Marion home values are below the Indiana median of $179,396, which moderates the overall monthly tax burden.
Property tax rates within Marion vary by 0.01 percentage points across its ZIP codes. This variation typically reflects different school district boundaries, special assessment zones, and municipal service areas within the city.
Marion vs Indiana Average
Effective Tax Rate
1% above state average
Annual Property Tax
Median Home Value
Frequently Asked Questions
What is the average property tax rate in Marion, IN?
The average effective property tax rate in Marion, Indiana is 0.70%, based on 2 ZIP codes.
How much is property tax in Marion, IN?
The average median annual property tax in Marion is $760 per year, with a median home value of $108,700.
Which ZIP code in Marion has the lowest property tax rate?
ZIP code 46953 has the lowest effective tax rate in Marion at 0.69%, with a median annual tax of $611.
How many ZIP codes are in Marion, IN?
Marion, Indiana has 2 ZIP codes with property tax data available.
Which ZIP code in Marion has the highest property tax rate?
ZIP code 46952 has the highest effective tax rate in Marion at 0.70%, with a median annual tax of $909.
How do Marion property taxes compare to the Indiana average?
Marion's average effective property tax rate of 0.70% is near the Indiana state average of 0.69%.
What factors affect property tax rates between ZIP codes in Marion?
Property tax rate differences within Marion are typically driven by school district boundaries (which can account for 40–60% of a tax bill), special assessment zones for fire, water, or transit services, and whether a ZIP falls within city limits or an unincorporated area. Each taxing jurisdiction sets its own rate, which is why adjacent ZIP codes can have noticeably different effective rates.
Tips for Marion Homeowners
- •Appeal your assessment: If your home is assessed higher than its market value, you can file a property tax appeal. Studies suggest 30–60% of properties are over-assessed. Most counties offer a free informal review process.
- •Check your exemptions: Homestead exemptions can reduce your taxable value and are available to primary residents in most states. Senior, veteran, and disability exemptions may also apply. Exemptions must typically be applied for — they are not automatic.
- •Know your assessment cycle: Indiana reassesses properties periodically. After buying a home, your next tax bill may reflect a new assessment based on your purchase price. Budget accordingly, especially if you bought above prior assessed values.
- •Compare ZIP codes before buying: Even within Marion, effective tax rates can vary significantly across ZIP codes due to different school district overlays. Use PropertyTaxByZip to compare specific ZIPs before choosing a neighborhood.
Looking for county-level property tax data? View Grant County on TaxByCounty.com
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.