Zionsville, Marion County, Indiana Property Taxes

Name: Property Tax Bills Across Zionsville, Marion County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Zionsville, IN effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Zionsville, IN home value: $327,400
Median annual Zionsville, IN tax bill: $3,997, $1,597 higher than the national median property tax bill of $2,400.

How are property taxes in Marion County calculated?

Property taxes in Zionsville, 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 Zionsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Zionsville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Zionsville, Marion County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$3,732

$3,464

Ownwell’s Zionsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Zionsville with just two data points. By entering your property's estimated assessed value, our calculator applies Zionsville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Marion County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Zionsville, Marion County, Indiana

Local government entities in Indiana are responsible for setting property tax rates, which can differ significantly across the state. Each year, counties like Boone estimate their budget needs for public services and divide this by the total value of all taxable property within their area. This calculation determines the property tax rate. Although the process involves votes and legislation, this is the essential annual procedure.

In Zionsville, located in Boone County, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. When comparing Zionsville to other cities in Indiana, its tax rate aligns with the state's median. However, it remains above the U.S. median, which can impact homeowners' annual tax bills compared to the national median property tax bill of $2,400. Understanding these differences is crucial for property owners when considering the financial implications of owning real estate in Zionsville. This insight can guide decisions on property investments and financial planning.

Property Tax Rates Across Zionsville, Marion County, Indiana

Source: Ownwell

0.98%

1.55%

2.13%

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 Zionsville Tax Rate

1.14%

Median Effective Marion County Tax Rate

1.19%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Zionsville, Marion County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46077	1.04%	1.06%	1.14%	1.25%	1.99%

Source: Ownwell

Property Tax Assessment Values Across Zionsville, Marion County, Indiana

When examining property taxes in Zionsville, IN, 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 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 Marion 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 Zionsville. For example, the median home price in Zionsville is $327,400, with tax bills ranging significantly across the county. The 46077 zip code has the highest median home price at $327,400.

Property Tax Assessment Values Across Zionsville, Marion County, Indiana

Source: Ownwell

$72,000

$207,650

$343,300

Median Zionsville Market Value

$327,400

Median Marion County Market Value

$186,900

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Zionsville, Marion County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46077	$170,260	$239,650	$327,400	$487,500	$743,560

Source: Ownwell

Property Tax Bills Across Zionsville, Marion County, Indiana

In Zionsville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the tax rate set by local taxing authorities to calculate the annual property tax bill. Homeowners in Zionsville typically see a tax bill that varies significantly based on their property's assessed value, with the 25th percentile at $2,830 and the 90th percentile reaching up to $8,500. The median home price in Zionsville is $327,400, leading to a median tax bill of $3,997, which is above the national median tax bill of $2,400. This can be a significant financial burden for homeowners. Ownwell can assist homeowners in Zionsville by reviewing their property assessments and identifying potential discrepancies. By filing an appeal or applying for exemptions, Ownwell helps ensure that homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars on their property tax bills.

Property Tax Bills Across Zionsville, Marion County, Indiana

Source: Ownwell

$1,225

$2,801

$4,376

Median Zionsville Tax Bill

$3,997

Median Marion County Tax Bill

$2,364

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Zionsville, Marion County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46077	$2,077	$2,830	$3,997	$5,766	$8,500

Source: Ownwell