Cicero, Hamilton County, Indiana Property Taxes
Median Cicero, 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 Cicero, IN home value: $269,300
Median annual Cicero, IN tax bill: $2,518, $118 higher than the national median property tax bill of $2,400.
How are property taxes in Hamilton calculated?
Property taxes in Cicero, 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 Cicero’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cicero, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cicero, Hamilton County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$2,397
$2,224
Property Tax Rates Across Cicero, Hamilton County, Indiana
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.
In Cicero, located in Hamilton County, Indiana, the effective property tax rate is an important consideration for homeowners. When comparing Cicero’s property tax rate to other cities in Indiana, it’s noteworthy that the median property tax rate in Indiana is 0.89%, which is below the national median of 1.02%. This lower rate can be a significant factor for those considering property ownership in the area, as it may result in lower annual tax bills compared to other regions. Understanding these differences can help homeowners make informed decisions about where to buy property and how much they might expect to pay in taxes each year.
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 Cicero 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 Hamilton County Tax Rate
1.05%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cicero, Hamilton County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46034 | 0.62% | 0.81% | 0.89% | 1.00% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Cicero, Hamilton County, Indiana
When examining property taxes in Cicero, 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 Hamilton County appraisal district 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 Hamilton 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 Cicero.
For example, the median home price in Cicero is $269,300, with tax bills ranging significantly across the county. Zip code 46034 has the highest median home price at $269,300.
Property Tax Assessment Values Across Cicero, Hamilton County, Indiana
Source: Ownwell
$134,700
$412,000
$689,300
Median Cicero Market Value
$269,300
Median Hamilton County Market Value
$355,800
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cicero, Hamilton County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46034 | $108,040 | $185,800 | $269,300 | $412,900 | $624,400 |
Source: Ownwell
Property Tax Bills Across Cicero, Hamilton County, Indiana
Median Cicero Tax Bill
$2,518
Median Hamilton County Tax Bill
$3,915
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Cicero, Hamilton County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46034 | $771 | $1,627 | $2,518 | $4,046 | $5,900 |
Source: Ownwell