Ellettsville, Monroe County, Indiana Property Taxes
Property Taxes in Ellettsville, Indiana
Median Ellettsville, Indiana effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, and lower than the Indiana state median of 1.01%.
Median Ellettsville, Indiana home value: $213,400
Median annual Ellettsville, Indiana tax bill: $2,090, $310 lower than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Ellettsville, 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 Ellettsville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ellettsville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Ellettsville, Monroe County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$1,942
$1,802
How Does the Ellettsville Property Tax Calculator Work?
Use this Ellettsville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Ellettsville's median effective tax rate of 0.91% — based on actual property records in Monroe 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 Ellettsville'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 Ellettsville: rates range from 0.91% in 47429 to 0.91% in 47429, 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 Ellettsville.
About Ellettsville Property Taxes
About Property Taxes in Ellettsville, Monroe, Indiana
Ellettsville’s median effective property tax rate of 0.91% is lower than the Indiana state median of 1.01% and lower than the national median of 1.02%. This rate reflects the Monroe 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 Ellettsville. Homeowners in the 47429 ZIP code carry a median effective rate of 0.91%, while those in the same ZIP code pay 0.91%. This spread reflects how school district boundaries and local assessment districts are drawn across Monroe County. Understanding which part of Ellettsville you live in can make a meaningful difference to your annual tax bill.
Ellettsville 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 Ellettsville, Monroe 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 Elletsville'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 Ellettsville Tax Rate
0.91%
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 Monroe County Tax Rate
0.97%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ellettsville, Monroe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47429 | 0.73% | 0.83% | 0.91% | 1.00% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Ellettsville, Monroe County, Indiana
When examining property taxes in Ellettsville, 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. Monroe County 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 a 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 Ellettsville is $213,400, with tax bills ranging across the county. Zip code 47429 has the highest median home price at $213,400.
Property Tax Assessment Values Across Ellettsville, Monroe County, Indiana
Source: Ownwell
$84,650
$246,875
$409,100
Median Ellettsville Market Value
$213,400
Median Monroe County Market Value
$254,200
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ellettsville, Monroe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47429 | $140,440 | $179,300 | $213,400 | $288,800 | $387,020 |
Source: Ownwell
Property Tax Bills Across Ellettsville, Monroe County, Indiana
Property tax bills in Ellettsville are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, that means the tax bill can rise or fall as property values change, even if the home itself does not. In Monroe County, the median home price is $213,400, and the median tax bill is $2,090, which is below the national median property tax bill of $2,400.
Several factors shape the final bill, including the assessed value, local tax rates, and any exemptions that may reduce what is owed. Bills can vary widely from one homeowner to another: the 25th percentile tax bill is $1,603, while the 75th percentile is $3,043, and the 90th percentile reaches $3,986. For many homeowners, this makes property taxes one of the most significant ongoing housing costs.
Median Ellettsville Tax Bill
$2,090
Median Monroe County Tax Bill
$2,705
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Ellettsville, Monroe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47429 | $1,144 | $1,603 | $2,090 | $3,043 | $3,986 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Monroe Tax Assessor | |
| Website | beacon.schneidercorp.com |