Mccordsville, Hancock County, Indiana Property Taxes
Property Taxes in Mccordsville, Indiana
Median McCordsville, Indiana effective property tax rate: 1.08%, significantly higher than the national median of 1.02%, and slightly higher than the Indiana state median of 1.01%.
Median McCordsville, Indiana home value: $327,400
Median annual McCordsville, Indiana tax bill: $3,736, $1,336 higher than the national median property tax bill of $2,400.
How are property taxes in Hancock calculated?
Property taxes in McCordsville, Indiana 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 McCordsville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McCordsville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mccordsville, Hancock County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$3,536
$3,281
How Does the McCordsville Property Tax Calculator Work?
Use this McCordsville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies McCordsville's median effective tax rate of 1.08% — based on actual property records in Hancock County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies McCordsville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within McCordsville: rates range from 1.08% in 46055 to 1.08% in 46055, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across McCordsville.
About Mccordsville Property Taxes
About Property Taxes in McCordsville, Hancock, IN
McCordsville's median effective property tax rate of 1.08% is higher than the Hancock County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city. This rate is lower than the Indiana state median of 1.01% and higher than the national median of 1.02%. The median home price is $327,400, and the median property tax bill is $3,736, which is $1,336 higher than the state tax bill difference provided.
Property tax rates are not uniform across McCordsville. Homeowners in the 46055 ZIP code carry a median effective rate of 1.08%, while those in the 46055 pay 1.08%. This spread reflects how school district boundaries and local assessment districts are drawn across Hancock County.
McCordsville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Mccordsville, Hancock County, Indiana
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 McCordsville's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
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 Mccordsville Tax Rate
1.08%
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 Hancock County Tax Rate
0.95%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mccordsville, Hancock County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46055 | 0.98% | 1.07% | 1.08% | 1.08% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Mccordsville, Hancock County, Indiana
When examining property taxes in McCordsville, 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 Hancock County assessor 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.
Assessment notices:
In Hancock County, assessment notices are sent in April 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 McCordsville.
For example, the median home price in McCordsville is $327,400, with tax bills ranging significantly across the county. 46055 has the highest median home price at $327,400.
Property Tax Assessment Values Across Mccordsville, Hancock County, Indiana
Source: Ownwell
$121,300
$232,700
$344,100
Median Mccordsville Market Value
$327,400
Median Hancock County Market Value
$271,600
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mccordsville, Hancock County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46055 | $222,200 | $271,200 | $327,400 | $405,600 | $475,700 |
Source: Ownwell
Property Tax Bills Across Mccordsville, Hancock County, Indiana
Property tax bills in McCordsville are based on the assessed value of a home, not the market price alone. Local tax rates are applied to that assessment, and the final bill reflects how the property is valued within Hancock County.
For a home with a median price of $327,400, the tax bill can vary widely depending on the assessed value and the local rate. The median tax bill in the area is $3,736, which is above the national median property tax bill of $2,400 and higher than the national median property tax rate of 1.02%.
Homeowners should expect their bill to change when assessments rise or when local taxing authorities adjust rates. Bills in the area also show a broad spread, with the 25th percentile at $3,014 and the 75th percentile at $4,729. That means two similar homes can still face very different property tax bills depending on how they are assessed.
Median Mccordsville Tax Bill
$3,736
Median Hancock County Tax Bill
$2,689
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Mccordsville, Hancock County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46055 | $2,327 | $3,014 | $3,736 | $4,729 | $5,655 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Hancock Tax Assessor | |
| Website | beacon.schneidercorp.com |