Pendleton, Madison County, Indiana Property Taxes
Property Taxes in Pendleton, Indiana
Median Pendleton, Indiana effective property tax rate: 1.00%, significantly lower than the national median of 1.02%, and lower than the Indiana state median of 1.01%.
Median Pendleton, Indiana home value: $244,050
Median annual Pendleton, Indiana tax bill: $2,563, $163 higher than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Pendleton, 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 Pendleton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pendleton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Pendleton, Madison County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1%
Estimate Property Tax Bill
$2,441
$2,265
How Does the Pendleton Property Tax Calculator Work?
Use this Pendleton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Pendleton's median effective tax rate of 1.00% — 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 Pendleton'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 Pendleton: rates range from 1.00% in 46064 to 1.00% in 46064, 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 Pendleton.
About Pendleton Property Taxes
About Property Taxes in Pendleton, Madison, Indiana
Pendleton’s median effective property tax rate of 1.00% is lower than the Indiana state median of 1.01% and lower 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 Pendleton. Homeowners in the 46064 ZIP code carry a median effective rate of 1.00%, while those in the same ZIP code pay 1.00%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Pendleton you live in can make a meaningful difference to your annual tax bill.
Pendleton 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 Pendleton, 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 Pendleton'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 Pendleton Tax Rate
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 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 Pendleton, Madison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46064 | 0.83% | 0.93% | 1.00% | 1.00% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Pendleton, Madison County, Indiana
When examining property taxes in Pendleton, 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Pendleton is $244,050, with a median tax bill of $2,563. Tax bills range from $1,750 at the 25th percentile to $4,596 at the 90th percentile, and ZIP code 46064 has the highest median home price at $244,050.
Property Tax Assessment Values Across Pendleton, Madison County, Indiana
Source: Ownwell
$46,300
$145,175
$244,050
Median Pendleton Market Value
$244,050
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 Pendleton, Madison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46064 | $122,550 | $178,475 | $244,050 | $332,325 | $414,000 |
Source: Ownwell
Property Tax Bills Across Pendleton, Madison County, Indiana
Property tax bills in Pendleton are based on the assessed value of a home, which is then multiplied by the local tax rate set by taxing authorities. For homeowners, this means the bill is tied to how much the property is worth in the market, not what was originally paid for it.
In Pendleton, the median home price is $244,050, and the median property tax bill is $2,563, which is above the national median property tax bill of $2,400. Bills can vary widely depending on the home’s assessed value and the specific tax rates applied in Madison County.
For many homeowners, property taxes are a major part of annual housing costs. A higher assessed value can lead to a larger bill, while a lower assessment may reduce what is owed.
Median Pendleton Tax Bill
$2,563
Median Madison County Tax Bill
$1,188
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Pendleton, Madison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46064 | $1,067 | $1,750 | $2,563 | $3,619 | $4,596 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | beacon.schneidercorp.com |