Monroe, Adams County, Indiana Property Taxes

Name: Property Tax Bills Across Monroe, Adams County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Monroe, IN effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Monroe, IN home value: $209,550
Median annual Monroe, IN tax bill: $1,785, $615 lower than the national median property tax bill of $2,400.

How are property taxes in Adams County calculated?

Property taxes in Monroe, IN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Monroe’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monroe, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Monroe, Adams County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$1,697

$1,575

Ownwell’s Monroe Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monroe with just two data points. By entering your property's estimated assessed value, our calculator applies Monroe’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Adams County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monroe, Adams County, Indiana

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Monroe’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Property Tax Rates Across Monroe, Adams County, Indiana

Source: Ownwell

0.43%

0.71%

1.00%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Monroe Tax Rate

0.81%

Median Effective Adams County Tax Rate

0.84%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monroe, Adams County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46772	0.53%	0.66%	0.81%	0.97%	1.45%

Source: Ownwell

Property Tax Assessment Values Across Monroe, Adams County, Indiana

When examining property taxes in Monroe, Indiana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Adams County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Adams County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Monroe. For example, the median home price in Monroe is $209,550, with tax bills ranging significantly across the county. Zip code 46772 has the highest median home price at $209,550.

Property Tax Assessment Values Across Monroe, Adams County, Indiana

Source: Ownwell

$83,650

$169,400

$255,150

Median Monroe Market Value

$209,550

Median Adams County Market Value

$154,000

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monroe, Adams County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46772	$98,200	$133,875	$209,550	$298,525	$394,600

Source: Ownwell

Property Tax Bills Across Monroe, Adams County, Indiana

In Monroe, property tax bills are determined by assessing the market value of a home and applying the local tax rate. This assessment takes into account factors like location, property size, and improvements. The median home price here stands at $209,550, with tax bills ranging significantly. The 25th percentile tax bill is $978, while the 75th percentile reaches $2,654, and the 90th percentile climbs to $4,035. Compared to the national median property tax bill of $2,400, Monroe's tax bills can be quite varied, impacting homeowners differently based on their property’s assessed value. Homeowners in Monroe may find themselves paying more or less than the national median, depending on their property's specific assessed value.

Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax burden. By analyzing the home's assessed value and market trends, Ownwell can identify discrepancies and appeal for a fairer assessment. This service can lead to significant savings, ensuring homeowners only pay what is truly owed, aligning with both market conditions and individual property characteristics.

Property Tax Bills Across Monroe, Adams County, Indiana

Source: Ownwell

$350

$1,413

$2,476

Median Monroe Tax Bill

$1,785

Median Adams County Tax Bill

$1,348

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe, Adams County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46772	$564	$978	$1,785	$2,654	$4,035

Source: Ownwell