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Indiana Property Tax Calculator
2026
Enter your home value to get your exact Indiana property tax — annual bill, monthly escrow, exemptions, and 30-year projection.
Indiana Property Tax Estimator 2026
See exactly how property tax affects your monthly mortgage payment via escrow.
See what you'd pay in any state for the same home value.
Calculation Breakdown
| Market value | — |
| Assessment ratio | — |
| Assessed value | — |
| Exemptions applied | — |
| Taxable value | — |
| Effective tax rate | — |
| Annual property tax | — |
30-Year Tax Projection
Assumes 3% annual home appreciation, 2% annual tax rate increase. Actual future taxes may differ.
How to Appeal Your Indiana Tax Assessment
Appeal window in Indiana: May 10 deadline. Over 40% of US homeowners may be overpaying. Here's how to fight back:
Annual tax on a $350,000 home — highest & lowest states · Indiana rate: 0.85%
🔴 Highest Tax States
🟢 Lowest Tax States
📋 Indiana Note: Indiana caps property taxes at 1% (homestead), 2% (rental), or 3% (commercial) of gross assessed value.
🏦 Escrow Impact: At Indiana's 0.85% average rate, property tax adds approximately $248/month to escrow on a $350K home.
🏠 Homestead Exemption
Indiana: 60% of assessed value or $48,000 (whichever less)
Apply at your county assessor's office — not automatic.
👴 Senior (65+) Exemption
Indiana: Over-65 deduction up to $14,000
Avg benefit: $500–$2,000/yr
🎖 Veteran Exemption
Indiana: 100% disabled: full exemption up to $24,960
Check your state VA office for documentation requirements.
♿ Disability Exemption
Varies widely by state and disability level.
100% disabled homeowners may qualify for full exemption in TX, FL, and others.
Requires documentation from SSA or physician.
All 50 states ranked by effective rate · estimated annual tax on a $350K and $500K home · Indiana highlighted
| # | State | Effective Rate | On $350K Home | On $500K Home | Homestead Exemption | Burden Level |
|---|
Indiana Property Tax 2026 — Key Numbers at a Glance
The Indiana property tax calculator above gives you an instant, county-accurate estimate of your annual tax bill, monthly escrow amount, and 30-year projection for any of Indiana’s 92 counties. But Indiana’s property tax system is more layered than most states — featuring a constitutional 1% circuit breaker cap, a two-step homestead deduction, and sweeping 2026 changes under Senate Enrolled Act 1 (SEA-1). This guide explains every element, so you can read your Indiana property tax calculator results with complete confidence and make sure you’re not leaving any deductions on the table.
Pair the Indiana property tax calculator with our home loan calculator to see your total monthly PITI payment — principal, interest, taxes, and insurance — before you buy.
| Metric | Indiana 2026 | National Average |
|---|---|---|
| Effective property tax rate | 0.74% | 0.92% |
| Median annual property tax | $1,614 | $2,869 |
| Median home value | $218,200 | $303,400 |
| Assessment ratio | 100% of AV | Varies |
| National ranking | #30 of 50 | — |
| Homestead standard deduction | $48,000 | N/A |
| Circuit breaker cap (homestead) | 1% of AV (constitutional) | N/A |
| New 2026 supplemental credit | 10%, up to $300 | N/A |
| Property tax due dates | May 10 & Nov 10 | Varies |
How the Indiana Property Tax Calculator Works
The Indiana property tax calculator runs Indiana’s multi-step formula automatically. Enter your home’s assessed value, select your county, tick any exemptions you qualify for, and the calculator applies the correct local rate, deductions, and circuit breaker cap — giving you an accurate estimate in seconds. Here’s the exact sequence it follows.
Indiana’s Property Tax Formula — Step by Step
- Gross Assessed Value (GAV) — Your county assessor’s valuation as of January 1 of the assessment year
- Subtract Standard Homestead Deduction — $48,000 (or 60% of AV if home is assessed under $75,000)
- Subtract Supplemental Homestead Deduction — 35% of remaining value up to $600,000; 25% above $600,000
- Subtract any other qualifying deductions — Over-65, veteran, mortgage deduction (up to $3,000)
- Apply local tax rate — multiply Net Assessed Value × your district’s certified gross tax rate (per $100 AV)
- Apply circuit breaker cap — if result exceeds 1% of GAV, a credit reduces it to the 1% ceiling
- Apply Supplemental Homestead Credit — 10% credit, up to $300, auto-applied in 2026
Home assessed value (GAV): $320,000
Less standard homestead deduction: − $48,000 = $272,000
Less supplemental deduction (35% of $272,000): − $95,200 = $176,800 net AV
Hamilton County tax rate: ~$1.8826 per $100 AV
Gross tax: $176,800 × 1.8826% = $3,329
Less 10% supplemental credit (≤ $300): − $300
Final 2026 tax bill: $3,029
Circuit breaker check: 1% × $320,000 = $3,200 — cap not triggered ✓
Assessment Ratio & Gross Assessed Value in Indiana
Unlike Georgia (40%) or South Carolina (4%), Indiana assesses property at 100% of market value — meaning your assessed value and your home’s market value should be roughly equal. Your county assessor re-evaluates all properties annually as of January 1. The Indiana Department of Local Government Finance (DLGF) publishes certified tax rates for every taxing district by late February each year — the Indiana property tax calculator uses these DLGF-certified 2026 rates. You can verify your county’s rate at the DLGF county-specific information portal.
Because assessed value equals market value in Indiana, the gap between your home’s sale price and your tax bill comes entirely from deductions and the circuit breaker cap — not from a low assessment ratio. This makes the Indiana property tax calculator straightforward: enter your home’s actual value and let the deductions do the work.
What Is Indiana’s 1% Circuit Breaker Property Tax Cap?
Indiana’s circuit breaker is one of the strongest constitutional property tax protections in the United States. Added to the Indiana Constitution in 2010 (via Senate Joint Resolution 1, first passed in 2008 and confirmed in 2010), the cap limits property taxes to a fixed percentage of gross assessed value — and cannot be overridden by any local government, school board, or voter referendum:
| Property Type | Cap | Example on $250,000 AV |
|---|---|---|
| Owner-occupied homestead | 1% | Max $2,500/year |
| Other residential (rentals, 2nd homes) | 2% | Max $5,000/year |
| Agricultural land | 2% | Max $5,000/year |
| Commercial / industrial | 3% | Max $7,500/year |
If your calculated tax bill exceeds the applicable cap, the county automatically applies a circuit breaker credit — reducing your bill to the cap amount. You do not need to apply for this credit. The Indiana property tax calculator applies the circuit breaker check automatically after computing your gross tax.
Circuit Breaker Example — Marion County (Indianapolis)
Home gross assessed value: $200,000
After homestead + supplemental deductions, net AV: ~$91,200
Marion County combined rate (central township): ~$3.68 per $100
Gross tax: $91,200 × 3.68% = $3,356
1% cap ceiling: $200,000 × 1% = $2,000
Circuit breaker credit applied: −$1,356
Final bill: $2,000 — the cap saves this homeowner $1,356 per year.
This is why the effective rate in high-rate counties like Marion is far below what the nominal millage suggests — the constitutional cap compresses bills for many homeowners. In lower-rate counties like Hamilton or Hendricks, the cap rarely triggers because the nominal rate is already well below 1% of AV after deductions.
Which Indiana Counties Hit the 1% Cap Most Often?
The circuit breaker cap has the most impact in high-rate urban counties with older, lower-value housing stock:
- Lake County — Industrial and older residential districts with combined rates often exceeding 3.5%; the 1% cap provides substantial relief for homestead owners
- Marion County — Central townships (Washington, Center, Wayne) have combined rates of 3.0–3.8%; the cap is triggered on many mid-value homesteads
- Vigo County — High school district levies push combined rates above 3.0% in many Terre Haute districts
- Delaware County — Muncie city districts regularly exceed 2.8% combined rates
In contrast, rural counties with lower combined rates — most of rural Indiana — rarely trigger the cap on homesteads at all, meaning the deduction math (standard + supplemental homestead deduction) is what primarily reduces the bill.
SEA-1: Indiana’s Biggest Property Tax Reform in a Decade
Senate Enrolled Act 1 (SEA-1), passed during Indiana’s 2025 legislative session and signed by the Governor, is the most significant property tax overhaul since the circuit breaker cap was enacted. The changes appear on 2026 tax bills for the first time. The Indiana property tax calculator incorporates all SEA-1 changes for accurate 2026 estimates.
Key SEA-1 changes effective for 2026:
| Change | Before SEA-1 | After SEA-1 (2026) |
|---|---|---|
| Homestead standard deduction | $45,000 | $48,000 |
| Supplemental deduction (up to $600K) | 35% of remaining AV | Revised upward, phasing in through 2031 |
| Supplemental Homestead Credit | Not available | New: 10% credit, up to $300 — automatic |
| 2% circuit breaker property deduction | Not available | New: phasing in through 2031 |
| Estimated beneficiaries | — | ~2/3 of Indiana homeowners |
Indiana Homestead Deduction 2026 — $48,000 Standard + New Credit
The homestead deduction is the most valuable property tax benefit for most Indiana owners using the Indiana property tax calculator. It has two parts that stack:
Part 1 — Standard Homestead Deduction
For 2025 Pay 2026, the DLGF lists the Homestead Standard Deduction as $48,000 — a $3,000 increase from the prior $45,000. If your home’s assessed value is under $75,000, the deduction is 60% of AV instead. You must be the owner of your primary residence and apply with your county auditor. The application deadline is January 15 to appear on that year’s bill. If you already receive the homestead deduction, you do not need to re-apply for SEA-1 increases.
Part 2 — Supplemental Homestead Deduction
After the standard deduction is subtracted, the supplemental deduction removes an additional 35% of the remaining assessed value up to $600,000, and 25% of value above $600,000. This second deduction dramatically reduces the taxable base for mid-value homes.
Gross AV: $280,000
Less standard deduction: − $48,000 = $232,000
Less supplemental deduction (35% × $232,000): − $81,200 = $150,800 taxable value
That’s 46% of the original value — the tax rate applies to $150,800, not $280,000.
Part 3 — New 2026 Supplemental Homestead Credit (10%, up to $300)
Starting tax year 2026, all qualifying homesteads receive an automatic 10% credit on the property tax bill, up to a maximum of $300. Applied automatically by the county auditor — no application is needed. This credit is separate from the supplemental homestead deduction and stacks on top of all other deductions. It is the most visible SEA-1 benefit for most Hoosier homeowners.
Application deadlines: Apply for the standard homestead deduction at your county auditor’s office (find yours via DLGF) by January 15 to appear on that year’s bill. The supplemental deduction and new credit are applied automatically once you have the standard deduction on file.
Indiana Senior, Veteran & Disability Property Tax Exemptions 2026
Beyond the homestead deduction, the Indiana property tax calculator lets you tick additional exemptions that further reduce your bill. Here are the key 2026 amounts:
| Exemption | Amount / Benefit | Eligibility |
|---|---|---|
| Over-65 Deduction | Up to $14,000 off AV | Age 65+, AGI under $30,000 (single) / $40,000 (joint), home AV under $240,000, owned & occupied ≥ 1 year |
| Over-65 Circuit Breaker | Caps annual tax increase at 2%/yr | Same as Over-65 Deduction — provides long-term protection once qualified |
| Veteran (partial disability) | $12,480–$24,960 off AV | Service-connected disability; amount scales with disability rating |
| Veteran (total disability / WWI) | Full exemption on assessed value | 100% service-connected disabled veteran; VA.gov eligibility |
| Blind / Disability | $12,480 off AV | Legal blindness or qualifying disability, owner-occupied primary residence |
| Mortgage Deduction | Up to $3,000 off AV | Must have a mortgage on the property; applies on top of homestead deduction |
| New Veteran Credits (2026) | Additional county credits | HEA 1210 (2026) added credits for veterans with service-connected disability and veterans 62+ with disability ≥ 10% |
Stack multiple exemptions where eligible — a 66-year-old disabled veteran in Indiana could qualify for the homestead standard + supplemental deductions, Over-65 deduction, veteran deduction, mortgage deduction, new veteran credit, and supplemental homestead credit simultaneously.
How Much Is Property Tax in Indiana? — Rates by County 2026
This is the most-searched question about the Indiana property tax calculator — and the answer depends heavily on your county. Indiana’s 2026 certified tax rates were published by DLGF on February 26, 2026, and vary from under $1.00 to over $3.50 per $100 of assessed value depending on the taxing district. The following table shows effective rates for major Indiana counties:
| County | Major City | Effective Rate | $300K Home / Year* |
|---|---|---|---|
| Hamilton | Carmel / Fishers | 0.88% | $2,640 |
| Boone | Lebanon / Zionsville | 0.80% | $2,400 |
| Hendricks | Avon / Plainfield | 0.85% | $2,550 |
| Johnson | Greenwood / Franklin | 0.87% | $2,610 |
| Marion | Indianapolis | 1.02%† | $3,000† |
| St. Joseph | South Bend | 0.86% | $2,580 |
| Allen | Fort Wayne | 0.85% | $2,550 |
| Monroe | Bloomington | 0.92% | $2,760 |
| Tippecanoe | Lafayette | 0.91% | $2,730 |
| Vanderburgh | Evansville | 0.98% | $2,940 |
| Lake | Gary / Hammond | 1.15%† | $3,450† |
| Elkhart | Elkhart / Goshen | 0.84% | $2,520 |
| Delaware | Muncie | 1.05%† | $3,150† |
| Orange | Paoli | 0.57% | $1,710 |
*Before homestead deductions and circuit breaker cap. †Cap commonly triggered — actual bills often lower. Use the Indiana property tax calculator above for post-deduction estimates.
The circuit breaker cap means Marion and Lake County homeowners with mid-value homes often pay less than the effective rate suggests — their bill is floored at 1% of AV. Select your county in the Indiana property tax calculator to see the cap applied to your specific situation. For every district’s exact certified rate, see the DLGF 2026 Certified Tax Rates by District (PDF).
Indiana Property Tax Due Dates 2026 — May 10 & November 10
Indiana uses a pay-in-arrears system — taxes assessed in 2025 are billed and paid in 2026. This is important context when using the Indiana property tax calculator: your 2026 bill reflects your January 1, 2025 assessed value under 2025 rates, with 2026 SEA-1 changes applied.
| Date | Event |
|---|---|
| Jan 1, 2025 | Assessment date — your property’s value is locked for the 2025 assessment year |
| Jan 15, 2026 | Deadline to file homestead deduction to appear on 2026 bill |
| Feb 26, 2026 | DLGF certifies 2026 tax rates by district |
| Apr–May 2026 | County tax bills mailed |
| May 10, 2026 | ⚠️ Spring installment due (50% of annual bill) |
| Jun 15, 2026 | Last day to file Form 130 appeal (or 45 days from bill date) |
| Nov 10, 2026 | ⚠️ Fall installment due (50% of annual bill) |
| Dec 31, 2026 | Deadline to apply for 2026 Pay 2027 deductions |
Late payment penalties: Missing May 10 or November 10 triggers a 5% penalty if paid within 30 days. After 30 days, the penalty rises to 10%. If taxes remain unpaid, the county can eventually sell a tax lien certificate. Set up escrow through your lender (see the Indiana property tax calculator‘s Escrow tab) to avoid missing deadlines — most mortgage servicers pay automatically.
How to Read Your Indiana Property Tax Calculator Results
After clicking Calculate My Property Tax, the Indiana property tax calculator shows several outputs. Here’s what each means for Indiana specifically:
Annual Tax Bill
Your estimated total yearly bill after all selected deductions and the circuit breaker cap. This is what your county tax commissioner will bill — split into two equal installments due May 10 and November 10. If you see a surprisingly low number for a Marion or Lake County address, the circuit breaker cap is likely doing its job.
Monthly Escrow Amount
Annual tax ÷ 12 — the amount your mortgage lender collects each month into escrow. According to the Consumer Financial Protection Bureau, your servicer pays your property taxes from this escrow account when due. Use our home loan calculator to see your full PITI payment including this escrow amount.
Calculation Breakdown Table
The breakdown shows every step — AV → standard deduction → supplemental deduction → net AV → gross tax → circuit breaker check → supplemental credit → final bill. If your result differs from your actual bill, this table reveals exactly where the difference originates. The most common reasons: your actual county district rate differs from the county average, or you have additional local levies (library, fire district, special assessment) not captured in the effective rate.
30-Year Projection
The Advanced tab in the Indiana property tax calculator estimates your cumulative property tax over 30 years using adjustable home appreciation and tax rate increase assumptions. This is especially useful when comparing homes in different Indiana counties — the $930/year difference between a Hamilton County and a Lake County home compounds significantly over a 30-year mortgage.
How to Appeal Your Indiana Property Tax Assessment
If the Indiana property tax calculator produces a significantly lower estimate than your actual bill, your county may have over-assessed your home. Indiana’s appeal process has strict deadlines:
- File Form 130 with your county assessor within 45 days of your tax bill mailing date (or by June 15 if the bill arrived before June 1)
- Your case is heard by the County Property Tax Assessment Board of Appeals (PTABOA)
- If unsatisfied with PTABOA’s decision, appeal to the Indiana Board of Tax Review
- Final appeals go to the Indiana Tax Court
Strongest grounds for appeal:
- Comparable sales showing your assessed value exceeds market value (pull 3–5 recent sales of similar homes in your area)
- Errors in your property record — incorrect square footage, bedroom count, condition rating, or lot size
- Your home was damaged, flooded, or has a structural defect not reflected in the assessment
- Homestead deduction was not applied despite qualifying
Under Indiana’s 299C provision, a successful appeal can lock in your assessed value for multiple years — making one appeal effort worthwhile beyond a single tax bill. For official forms and the PTABOA process, see the DLGF county-specific information page.
How Indiana Property Tax Compares to Neighboring States
Indiana ranks 30th nationally at 0.74% — well below the 0.92% national average. The Indiana property tax calculator‘s State Comparison tab lets you enter any home value and compare Indiana against all 50 states instantly. Here’s how Indiana stacks up against its neighbors and common relocation targets:
| State | Effective Rate | Annual Tax on $300K | vs Indiana |
|---|---|---|---|
| Hawaii (lowest) | 0.27% | $810 | −$1,410 |
| Tennessee | 0.64% | $1,920 | −$300 |
| Indiana | 0.74% | $2,220 | — |
| Kentucky | 0.86% | $2,580 | +$360 |
| Ohio | 1.57% | $4,710 | +$2,490 |
| Michigan | 1.54% | $4,620 | +$2,400 |
| Illinois | 1.97% | $5,910 | +$3,690 |
| New Jersey (highest) | 2.23% | $6,690 | +$4,470 |
The $3,690/year difference between Indiana and Illinois on a $300,000 home — the equivalent of $110,700 over a 30-year mortgage — illustrates why border-county residents in the Chicago suburbs increasingly look at Northwest Indiana (Lake, Porter, LaPorte counties) despite their higher Indiana county rates. If you’re comparing Indiana to neighboring states, see our all-50-states property tax calculator for a complete side-by-side view, or compare directly with our Georgia property tax calculator (0.91%) and Florida property tax calculator (0.83%) for popular relocation destinations. Browse all our free home finance calculators for more tools.
Indiana also benefits from no inheritance tax (repealed 2013), no estate tax, and a flat state income tax of 2.95% as of 2025–2026 — making it one of the more tax-friendly states overall for middle-income families and retirees.
Can You Deduct Indiana Property Tax on Your Federal Return?
Yes — Indiana property taxes paid on your primary residence are deductible on your federal Schedule A under the SALT (state and local taxes) deduction, subject to the cap. Under IRS Topic 503, the combined SALT deduction limit is $40,000 for 2025 (taxes filed in 2026), up from the previous $10,000 cap. With Indiana’s median property tax of $1,614, most Indiana homeowners will be well within this limit even including state income tax — making the full property tax deduction available to itemizers. See IRS Publication 530 (Tax Information for Homeowners) for detailed guidance on what qualifies.
Ready to calculate your Indiana property tax? Use the Indiana property tax calculator at the top of this page — select your county, apply your deductions, and get an instant estimate with circuit breaker cap applied. Compare with any other state using the all-50-states property tax calculator. Unsure whether to buy? Our rent vs buy calculator factors your Indiana property tax into the true break-even analysis.
Frequently Asked Questions — Indiana Property Tax Calculator
What is the Indiana property tax rate in 2026?
Indiana’s effective average rate is 0.74% for 2026 — 20% below the national average of 0.92%. The median homeowner pays $1,614/year. County rates range from ~0.57% (Orange County) to over 1.15% in high-rate Lake County districts. The Indiana property tax calculator above auto-fills your county’s 2026 DLGF-certified rate.
What is the 1% circuit breaker cap in Indiana?
Indiana’s constitutional circuit breaker cap limits property taxes on owner-occupied homesteads to 1% of gross assessed value. It cannot be overridden by any tax rate increase or referendum. If your calculated tax exceeds 1% of your home’s AV, the county automatically credits the difference — you never pay more than 1% on your primary residence.
What changed on my Indiana property tax in 2026?
Senate Enrolled Act 1 (SEA-1, 2025) brought three major changes to 2026 bills: the homestead standard deduction increased from $45,000 to $48,000; the supplemental homestead deduction formula was revised upward (phasing in through 2031); and a brand-new Supplemental Homestead Credit of 10% (up to $300) was automatically applied for all qualifying homestead properties — no application required.
When is Indiana property tax due in 2026?
Indiana property taxes are due in two installments: May 10, 2026 (spring) and November 10, 2026 (fall). Missing a deadline triggers a 5% penalty within 30 days, rising to 10% after 30 days. Indiana uses a pay-in-arrears system — your 2026 bill is for taxes assessed as of January 1, 2025.
How much is property tax in Hamilton County Indiana?
Hamilton County (Carmel, Fishers, Noblesville) has an effective rate of approximately 0.88% — among Indiana’s lowest despite being the wealthiest county. On a $320,000 home, the Indiana property tax calculator estimates roughly $3,029/year after the homestead standard deduction ($48K), supplemental deduction, and new $300 credit.
Does Indiana have a senior property tax exemption?
Yes — the Over-65 Deduction provides up to $14,000 off assessed value for homeowners 65+ with AGI under $30,000 and a home valued below $240,000. The Over-65 Circuit Breaker additionally caps annual tax increases at 2% per year for qualifying seniors. Both require a one-time application with your county auditor.
Why does my Indiana property tax calculator result differ from my bill?
The most common reasons: (1) your specific taxing district rate differs from the county average (school district levies, fire districts, library levies vary within a county); (2) you have a circuit breaker credit reducing your bill below the nominal rate; (3) you have additional deductions (mortgage, Over-65, veteran) not selected in the calculator; or (4) your county’s assessed value differs from the market value you entered. The Calculation Breakdown table in the calculator shows every step — check it to identify the discrepancy.
Sources & Official Data
- Indiana DLGF — County-Specific Information & 2026 Reports
- DLGF — 2026 Certified Tax Rates by District (PDF, Feb 26 2026)
- DLGF — May 2026 Memo: Legislation Affecting Deductions, Credits & Exemptions (SEA-1)
- Indiana Code § 6-1.1-12-37.5 — Supplemental Homestead Deduction
- IRS Topic 503 — Deductible Taxes (SALT limit $40,000 for 2025)
- IRS Publication 530 — Tax Information for Homeowners
- CFPB — Understanding Your Escrow Account
- U.S. Department of Veterans Affairs — Disability Benefits
- U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates
- ModernHousePlanIdeas.com — Property Tax Calculator (All 50 States)
- ModernHousePlanIdeas.com — Home Loan Calculator