Marion, Grant County, Indiana Property Taxes
Median Marion, IN effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Marion, IN home value: $86,200
Median annual Marion, IN tax bill: $858, $1,542 lower than the national median property tax bill of $2,400.
How are property taxes in Grant County calculated?
Property taxes in Marion, 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 Marion’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marion, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Marion, Grant County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$767
$712
Property Tax Rates Across Marion, Grant County, Indiana
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 Marion Tax Rate
0.89%
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 Grant County Tax Rate
0.87%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Marion, Grant County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46952 | 0.43% | 0.64% | 0.87% | 1.46% | 2.00% |
| 46953 | 0.39% | 0.64% | 0.94% | 1.90% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Marion, Grant County, Indiana
When examining property taxes in Marion, 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 Grant 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 Grant 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 Marion.
For example, the median home price in Marion is $86,200, with tax bills ranging significantly across the county. Zip code 46952 has the highest median home price at $109,700.
Property Tax Assessment Values Across Marion, Grant County, Indiana
Source: Ownwell
$42,400
$136,850
$231,300
Median Marion Market Value
$86,200
Median Grant County Market Value
$99,900
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Marion, Grant County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46952 | $35,400 | $65,100 | $109,700 | $169,500 | $236,480 |
| 46953 | $23,500 | $41,650 | $68,500 | $121,000 | $184,900 |
Source: Ownwell
Property Tax Bills Across Marion, Grant County, Indiana
In Marion, located in Grant County, Indiana, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price here is $86,200, which influences the assessed value and, consequently, the tax bill. Homeowners in Marion typically encounter property tax bills ranging from $502 at the 25th percentile to $1,393 at the 75th percentile. The highest median tax bill in the area is $966 in the 46952 zip code, while the lowest is $750 in the 46953 zip code. Compared to the national median property tax bill of $2,400, Marion's tax bills are relatively lower, which can be advantageous for homeowners.
However, even with lower tax bills, homeowners can benefit from ensuring their assessments are accurate. This is where Ownwell can assist by providing property tax appeal and exemption services. By reviewing assessments and identifying potential savings, Ownwell helps homeowners reduce their tax liabilities, ensuring they only pay what is fair and accurate. This service can lead to significant savings, making homeownership more affordable.
Median Marion Tax Bill
$858
Median Grant County Tax Bill
$892
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Marion, Grant County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46952 | $347 | $567 | $966 | $1,526 | $2,381 |
| 46953 | $254 | $446 | $750 | $1,243 | $1,913 |
Source: Ownwell