Indianapolis, Marion County, Indiana Property Taxes
Property Taxes in Indianapolis, Indiana
Median Indianapolis, Indiana effective property tax rate: 1.19%, significantly lower than the national median of 1.02%, and higher than the Indiana state median of 1.01%.
Median Indianapolis, Indiana home value: $199,000
Median annual Indianapolis, Indiana tax bill: $2,521, $121 higher than the national median property tax bill of $2,400.
How are property taxes in Marion calculated?
Property taxes in Indianapolis, 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 Indianapolis's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Indianapolis, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Indianapolis, Marion County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$2,368
$2,198
How Does the Indianapolis Property Tax Calculator Work?
Use this Indianapolis property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Indianapolis's median effective tax rate of 1.19% — based on actual property records in Marion 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 Indianapolis'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 Indianapolis: rates range from $1,265.00 in 46218 to $4,332.00 in 46204, 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 Indianapolis.
About Indianapolis Property Taxes
About Property Taxes in Indianapolis, Marion, Indiana
Indianapolis’s median effective property tax rate of 1.19% is higher than the Indiana state median of 1.01% and lower than the national median of 1.02%. This rate reflects the Marion 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 Indianapolis. Homeowners in the 46218 ZIP code carry a median effective rate of 2.17%, while those in 46259 pay 0.98%. This spread — 1.19 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Marion County. Understanding which part of Indianapolis you live in can make a meaningful difference to your annual tax bill.
Indianapolis 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 Indianapolis, Marion 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 Indianapolis'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 Indianapolis Tax Rate
1.19%
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 County Tax Rate
1.19%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Indianapolis, Marion County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46201 | 0.76% | 1.07% | 1.31% | 2.38% | 2.53% |
| 46202 | 1.03% | 1.16% | 1.23% | 2.32% | 2.44% |
| 46203 | 0.74% | 0.97% | 1.22% | 2.37% | 2.57% |
| 46204 | 1.14% | 1.21% | 1.25% | 2.39% | 2.43% |
| 46205 | 0.93% | 1.13% | 1.23% | 2.29% | 2.46% |
| 46208 | 0.76% | 1.12% | 1.32% | 2.38% | 2.65% |
| 46214 | 1.01% | 1.07% | 1.17% | 1.23% | 2.26% |
| 46216 | 1.03% | 1.07% | 1.10% | 1.12% | 1.22% |
| 46217 | 1.11% | 1.21% | 1.26% | 1.32% | 2.44% |
| 46218 | 0.66% | 0.82% | 2.17% | 2.47% | 2.65% |
| 46219 | 0.75% | 1.04% | 1.19% | 2.02% | 2.40% |
| 46220 | 1.07% | 1.14% | 1.20% | 1.29% | 2.34% |
| 46221 | 0.80% | 1.02% | 1.08% | 2.03% | 2.37% |
| 46222 | 0.71% | 0.89% | 2.10% | 2.35% | 2.49% |
| 46224 | 0.91% | 1.12% | 1.22% | 2.16% | 2.44% |
| 46225 | 0.79% | 1.01% | 1.28% | 2.43% | 2.56% |
| 46226 | 0.72% | 0.94% | 1.17% | 2.25% | 2.46% |
| 46227 | 0.97% | 1.19% | 1.26% | 1.40% | 2.51% |
| 46228 | 0.95% | 1.03% | 1.14% | 1.33% | 2.17% |
| 46229 | 0.89% | 1.07% | 1.18% | 1.96% | 2.33% |
| 46231 | 1.04% | 1.08% | 1.14% | 1.68% | 2.21% |
| 46234 | 1.00% | 1.10% | 1.19% | 1.27% | 2.29% |
| 46235 | 0.87% | 1.04% | 1.12% | 2.14% | 2.39% |
| 46236 | 1.02% | 1.06% | 1.10% | 1.13% | 2.07% |
| 46237 | 0.84% | 0.92% | 1.02% | 1.23% | 1.86% |
| 46239 | 0.86% | 0.98% | 1.05% | 1.20% | 1.97% |
| 46240 | 1.02% | 1.15% | 1.25% | 1.35% | 2.41% |
| 46241 | 0.98% | 1.12% | 1.34% | 2.33% | 2.55% |
| 46250 | 1.01% | 1.07% | 1.15% | 1.36% | 1.55% |
| 46254 | 0.76% | 0.90% | 1.02% | 1.61% | 2.06% |
| 46256 | 1.04% | 1.07% | 1.10% | 1.14% | 1.26% |
| 46259 | 0.83% | 0.89% | 0.98% | 1.06% | 1.41% |
| 46260 | 0.87% | 1.12% | 1.23% | 1.36% | 2.42% |
| 46268 | 0.81% | 0.95% | 1.01% | 1.25% | 2.04% |
| 46278 | 0.87% | 0.95% | 1.02% | 1.06% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Indianapolis, Marion County, Indiana
When examining property taxes in Indianapolis, 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 Marion 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 Marion 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 Indianapolis.
For example, the median home price in Indianapolis is $199,000, with tax bills ranging significantly across the county. 46278 has the highest median home price at $362,400.
Property Tax Assessment Values Across Indianapolis, Marion County, Indiana
Source: Ownwell
$75,000
$218,700
$362,400
Median Indianapolis Market Value
$199,000
Median Marion County Market Value
$199,100
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Indianapolis, Marion County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46201 | $66,200 | $85,875 | $117,700 | $163,525 | $236,970 |
| 46202 | $88,060 | $164,050 | $313,400 | $465,950 | $638,300 |
| 46203 | $62,600 | $82,400 | $123,600 | $189,800 | $289,980 |
| 46204 | $110,500 | $207,850 | $314,500 | $431,700 | $688,840 |
| 46205 | $95,700 | $139,600 | $210,500 | $308,675 | $447,100 |
| 46208 | $60,700 | $83,600 | $134,200 | $236,300 | $387,010 |
| 46214 | $151,050 | $173,000 | $208,200 | $245,900 | $290,200 |
| 46216 | $183,700 | $210,100 | $244,700 | $312,600 | $358,700 |
| 46217 | $167,000 | $202,100 | $238,800 | $289,100 | $359,780 |
| 46218 | $44,900 | $57,600 | $75,000 | $100,250 | $128,700 |
| 46219 | $81,900 | $106,900 | $148,800 | $197,000 | $244,700 |
| 46220 | $181,700 | $222,600 | $281,300 | $381,500 | $537,220 |
| 46221 | $66,100 | $105,700 | $187,500 | $228,300 | $266,900 |
| 46222 | $54,600 | $73,650 | $96,100 | $124,900 | $166,800 |
| 46224 | $102,000 | $123,800 | $166,000 | $210,100 | $247,000 |
| 46225 | $67,680 | $86,000 | $117,700 | $181,000 | $296,400 |
| 46226 | $77,000 | $96,300 | $120,600 | $162,000 | $229,950 |
| 46227 | $106,300 | $157,700 | $204,900 | $245,900 | $292,380 |
| 46228 | $156,980 | $194,600 | $237,200 | $287,300 | $361,820 |
| 46229 | $111,600 | $144,950 | $181,200 | $222,300 | $264,500 |
| 46231 | $153,700 | $197,000 | $228,400 | $269,500 | $317,140 |
| 46234 | $136,100 | $174,500 | $214,400 | $267,550 | $348,860 |
| 46235 | $96,300 | $127,200 | $189,900 | $237,000 | $281,000 |
| 46236 | $181,600 | $226,700 | $290,950 | $404,525 | $564,700 |
| 46237 | $151,200 | $196,100 | $236,600 | $294,800 | $371,110 |
| 46239 | $183,100 | $217,600 | $264,700 | $328,200 | $399,000 |
| 46240 | $152,340 | $218,600 | $298,100 | $423,325 | $671,880 |
| 46241 | $65,100 | $88,050 | $118,800 | $166,600 | $210,700 |
| 46250 | $189,400 | $234,200 | $282,100 | $369,300 | $482,160 |
| 46254 | $112,700 | $156,050 | $199,900 | $236,400 | $285,000 |
| 46256 | $203,100 | $251,300 | $301,100 | $392,475 | $506,050 |
| 46259 | $195,400 | $245,650 | $323,600 | $418,250 | $529,600 |
| 46260 | $131,320 | $209,100 | $264,000 | $363,400 | $537,690 |
| 46268 | $127,400 | $170,800 | $227,400 | $273,700 | $310,980 |
| 46278 | $178,660 | $236,500 | $362,400 | $503,900 | $678,280 |
Source: Ownwell
Property Tax Bills Across Indianapolis, Marion County, Indiana
Property tax bills in Indianapolis are based on the assessed value of a home, not its market value alone, and they are calculated using the local tax rate set for Marion County. For a home with a median home price of $199,000, the bill can vary widely depending on the property’s assessment and location. In Indianapolis, the 25th percentile tax bill is $1,695, while the 75th percentile tax bill is $3,581, showing how much bills can differ from one homeowner to another.
Several factors affect the final amount, including the home’s assessed value, exemptions, and the taxing districts that apply to the property. Homes in some areas face higher bills than others, with the highest median tax bill at $4,332 in ZIP code 46204 and the lowest median tax bill at $1,265 in ZIP code 46218. For homeowners, this means property taxes can significantly influence annual housing costs and overall affordability.
Median Indianapolis Tax Bill
$2,521
Median Marion County Tax Bill
$2,525
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Indianapolis, Marion County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46201 | $611 | $1,237 | $1,958 | $2,816 | $3,894 |
| 46202 | $1,348 | $2,493 | $4,273 | $6,558 | $9,420 |
| 46203 | $560 | $1,116 | $1,870 | $2,860 | $4,397 |
| 46204 | $2,394 | $2,991 | $4,332 | $6,773 | $10,487 |
| 46205 | $1,193 | $2,038 | $3,015 | $4,519 | $6,332 |
| 46208 | $598 | $1,372 | $2,269 | $3,720 | $5,467 |
| 46214 | $1,668 | $2,039 | $2,527 | $3,211 | $4,333 |
| 46216 | $1,952 | $2,337 | $2,752 | $3,761 | $5,039 |
| 46217 | $1,962 | $2,578 | $3,178 | $4,197 | $5,478 |
| 46218 | $391 | $600 | $1,265 | $1,781 | $2,373 |
| 46219 | $716 | $1,300 | $2,055 | $2,730 | $3,662 |
| 46220 | $2,247 | $2,804 | $3,694 | $5,239 | $7,222 |
| 46221 | $742 | $1,477 | $2,158 | $2,782 | $4,106 |
| 46222 | $506 | $872 | $1,556 | $2,237 | $2,874 |
| 46224 | $1,082 | $1,518 | $2,379 | $2,966 | $3,870 |
| 46225 | $592 | $1,103 | $2,014 | $3,091 | $4,684 |
| 46226 | $668 | $1,087 | $1,834 | $2,560 | $3,337 |
| 46227 | $1,286 | $2,111 | $2,747 | $3,442 | $4,557 |
| 46228 | $1,638 | $2,185 | $2,852 | $3,903 | $5,419 |
| 46229 | $1,139 | $1,744 | $2,342 | $3,062 | $4,111 |
| 46231 | $1,852 | $2,308 | $2,840 | $3,974 | $5,053 |
| 46234 | $1,711 | $2,143 | $2,711 | $3,559 | $4,988 |
| 46235 | $927 | $1,784 | $2,404 | $3,110 | $4,201 |
| 46236 | $2,040 | $2,569 | $3,394 | $4,927 | $6,661 |
| 46237 | $1,537 | $2,022 | $2,596 | $3,550 | $4,684 |
| 46239 | $1,820 | $2,374 | $3,062 | $3,836 | $4,857 |
| 46240 | $1,822 | $2,745 | $3,882 | $5,877 | $9,314 |
| 46241 | $745 | $1,281 | $1,834 | $2,473 | $3,184 |
| 46250 | $1,996 | $2,659 | $3,495 | $5,047 | $6,865 |
| 46254 | $1,038 | $1,617 | $2,133 | $2,923 | $4,014 |
| 46256 | $2,225 | $2,813 | $3,456 | $4,680 | $6,113 |
| 46259 | $1,765 | $2,381 | $3,321 | $4,336 | $5,533 |
| 46260 | $1,639 | $2,370 | $3,361 | $5,138 | $7,843 |
| 46268 | $1,294 | $1,847 | $2,458 | $3,071 | $4,358 |
| 46278 | $1,851 | $2,458 | $3,860 | $5,357 | $7,211 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Marion Tax Assessor | |
| Website | maps.indy.gov |