Anderson, Madison County, Indiana Property Taxes
Property Taxes in Anderson, Indiana
Median Anderson, Indiana effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, and higher than the Indiana state median of 1.01%.
Median Anderson, Indiana home value: $92,800
Median annual Anderson, Indiana tax bill: $1,139, $1,261 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Anderson, 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 Anderson's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Anderson, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Anderson, Madison County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$1,012
$939
How Does the Anderson Property Tax Calculator Work?
Use this Anderson property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Anderson's median effective tax rate of 1.09% — based on actual property records in Madison County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Anderson'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 Anderson: rates range from $782.00 in 46016 to $1,399.00 in 46011, primarily due to differences in school district levies and local assessment districts.
Anderson's median effective tax rate is higher than Indiana's 1.01% state median, while the median tax bill of $1,139 is lower than the state median by $1,261. For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Anderson.
About Anderson Property Taxes
About Property Taxes in Anderson, Madison, Indiana
Anderson’s median effective property tax rate of 1.09% is higher than the Madison County base levy, lower than the Indiana state median of 1.01%, and higher than the national median of 1.02%. This rate reflects the Madison County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Anderson. Homeowners in the 46016 ZIP code carry a median effective rate of 2.22%, while those in 46013 pay 1.07%. This spread reflects how school district boundaries and local assessment districts are drawn across Madison County.
Anderson homeowners who believe their assessed value is too high can file a formal appeal with the 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 Anderson, Madison 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 Anderson'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 Ă· 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 Anderson Tax Rate
1.09%
Our median effective property tax rate (tax bill Ă· 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 Madison County Tax Rate
1.07%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Anderson, Madison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46011 | 0.68% | 0.98% | 1.08% | 1.13% | 2.22% |
| 46012 | 0.74% | 1.06% | 1.09% | 2.22% | 2.22% |
| 46013 | 0.62% | 0.97% | 1.07% | 1.97% | 2.22% |
| 46016 | 1.06% | 1.06% | 2.22% | 2.22% | 2.22% |
| 46017 | 0.72% | 0.85% | 1.09% | 1.18% | 2.22% |
| 46014 | N/A | N/A | N/A | N/A | N/A |
| 46015 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Anderson, Madison County, Indiana
When examining property taxes in Anderson, 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 Madison 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 Madison County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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 Anderson.
For example, the median home price in Anderson is $92,800, with tax bills ranging significantly across the county. 46011 has the highest median home price at $124,100.
Property Tax Assessment Values Across Anderson, Madison County, Indiana
Source: Ownwell
$46,300
$145,175
$244,050
Median Anderson Market Value
$92,800
Median Madison County Market Value
$102,900
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Anderson, Madison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46011 | $53,100 | $85,800 | $124,100 | $172,600 | $242,040 |
| 46012 | $46,000 | $68,500 | $106,600 | $151,500 | $197,000 |
| 46013 | $48,100 | $70,300 | $103,050 | $141,500 | $184,000 |
| 46016 | $19,800 | $31,975 | $46,300 | $65,900 | $88,000 |
| 46017 | $53,560 | $77,650 | $108,300 | $145,300 | $195,240 |
| 46014 | N/A | N/A | N/A | N/A | N/A |
| 46015 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Anderson, Madison County, Indiana
Property tax bills in Anderson are based on the assessed value of a home and the local tax rate set for Madison County and other local taxing authorities. The assessed value is compared with the market value of the property, and that figure is used to calculate the amount owed each year. With a median home price of $92,800, homeowners in Anderson often face bills that reflect both the value of their property and the tax rates applied to it.
Several factors can affect the final bill, including the home’s assessed value, local levies, and any exemptions that may apply. In Anderson, the tax bill can vary widely, with the 25th percentile at $720 and the 75th percentile at $1,684. The highest median tax bill is $1,399 in ZIP code 46011, while the lowest is $782 in ZIP code 46016.
For homeowners, these differences can have a meaningful impact on annual housing costs and long-term affordability.
Median Anderson Tax Bill
$1,139
Median Madison County Tax Bill
$1,188
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Anderson, Madison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46011 | $505 | $909 | $1,399 | $2,049 | $2,944 |
| 46012 | $465 | $850 | $1,290 | $1,835 | $2,497 |
| 46013 | $430 | $797 | $1,169 | $1,636 | $2,335 |
| 46016 | $266 | $500 | $782 | $1,116 | $1,544 |
| 46017 | $405 | $714 | $1,246 | $1,741 | $2,447 |
| 46014 | N/A | N/A | N/A | N/A | N/A |
| 46015 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | beacon.schneidercorp.com |