Boone County, Indiana Property Taxes

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

Median Boone County effective property tax rate: 1.01%, slightly lower than the national median of 1.02%.
Median Boone County home value: $327,200
Median annual Boone County tax bill: $3,263, $863 higher than the national median property tax bill of $2,400.

How are property taxes in Boone County calculated?

Property taxes in Boone County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Lebanon or another part of Boone County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Boone County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$3,305

$3,067

Ownwell’s Boone County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Boone County with just two data points. By entering your property's estimated assessed value, our calculator applies Boone County’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 more 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 Boone County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Boone County, Indiana

Local government entities set tax rates, which can vary widely within a state. 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 Boone County's effective property tax rate to other counties in Indiana or the U.S. median property tax rate. Boone County has a median property tax rate of 1.01%, which is slightly below the national median of 1.02%. Within Indiana, Whitestown boasts the highest median tax rate at 1.10%, while Jamestown has the lowest at 0.64%. These variations highlight the importance of understanding local tax dynamics, as they can significantly impact property owners' annual tax bills. Boone County's rate offers a competitive edge, making it an attractive location for potential homeowners seeking reasonable property tax obligations.

Property Tax Rates Across Boone County, Indiana

Source: Ownwell

0.64%

0.87%

1.10%

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 Boone County Tax Rate

1.01%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Boone County, Indiana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Advance	0.50%	0.69%	0.84%	1.18%	1.79%
Brownsburg	0.44%	0.63%	0.78%	1.22%	1.40%
Colfax	0.60%	0.68%	0.76%	0.91%	1.25%
Jamestown	0.44%	0.55%	0.64%	0.79%	1.13%
Kirklin	0.48%	0.58%	0.65%	0.88%	1.14%
Lebanon	0.54%	0.69%	0.87%	1.04%	1.79%
New Ross	0.46%	0.61%	0.68%	1.05%	1.10%
Sheridan	0.59%	0.72%	0.84%	1.16%	1.43%
Thorntown	0.52%	0.63%	0.75%	1.01%	1.66%
Whitestown	0.55%	1.05%	1.10%	1.18%	1.63%
Zionsville	0.85%	0.97%	1.05%	1.12%	1.52%
Crawfordsville	N/A	N/A	N/A	N/A	N/A
Frankfort	N/A	N/A	N/A	N/A	N/A
Indianapolis	N/A	N/A	N/A	N/A	N/A
Pittsboro	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Boone County, Indiana

When examining property taxes in Boone County, 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 Boone 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 Boone 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 Boone County. For example, the median tax bill in Boone County is $3,620, with tax bills ranging significantly across the county. Zionsville has the highest median home price at $518,400.

Property Tax Assessment Values Across Boone County, Indiana

Source: Ownwell

$139,650

$329,025

$518,400

Median Boone County Market Value

$327,200

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Boone County, Indiana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Advance	$69,590	$106,425	$139,650	$177,575	$220,920
Brownsburg	$104,600	$138,000	$234,500	$505,700	$636,180
Colfax	$129,650	$174,225	$226,650	$299,200	$369,250
Jamestown	$88,620	$150,200	$227,800	$336,300	$474,600
Kirklin	$92,400	$154,300	$219,500	$355,300	$530,600
Lebanon	$113,200	$153,200	$215,800	$294,600	$406,000
New Ross	$118,200	$183,250	$237,700	$322,300	$547,940
Sheridan	$124,900	$182,900	$271,600	$442,100	$687,180
Thorntown	$88,880	$139,475	$209,250	$323,675	$478,030
Whitestown	$198,450	$254,500	$315,000	$384,825	$452,400
Zionsville	$279,550	$382,875	$518,400	$703,300	$978,110
Crawfordsville	N/A	N/A	N/A	N/A	N/A
Frankfort	N/A	N/A	N/A	N/A	N/A
Indianapolis	N/A	N/A	N/A	N/A	N/A
Pittsboro	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Boone County, Indiana

In Boone County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to establish the annual property tax bill. For homeowners, this means that fluctuations in property values or changes in local tax rates can significantly impact their annual tax obligations. Boone County's property tax bills vary widely, with the 25th percentile at $1,818 and the 75th percentile reaching $5,422. This range highlights the diversity in property values and taxation within the county. Homeowners in Zionsville experience the highest median tax bill at $5,523, reflecting the area's higher property values, while those in Advance enjoy the lowest median tax bill at $1,185. Compared to the national median property tax bill of $2,400, Boone County's figures demonstrate a broad spectrum of property tax burdens, emphasizing the importance of understanding local assessments and tax rates for homeowners.

Property Tax Bills Across Boone County, Indiana

Source: Ownwell

$1,185

$3,354

$5,523

Median Boone County Tax Bill

$3,263

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Boone County, Indiana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Advance	$359	$691	$1,185	$1,783	$2,412
Brownsburg	$440	$1,416	$2,174	$4,411	$6,766
Colfax	$830	$1,302	$1,994	$2,557	$3,108
Jamestown	$477	$883	$1,578	$2,380	$3,467
Kirklin	$495	$898	$1,544	$2,499	$4,109
Lebanon	$731	$1,229	$1,925	$2,744	$3,878
New Ross	$800	$1,222	$1,726	$2,761	$5,094
Sheridan	$823	$1,474	$2,488	$4,282	$6,896
Thorntown	$618	$1,030	$1,728	$2,678	$3,935
Whitestown	$1,370	$2,584	$3,507	$4,629	$5,931
Zionsville	$2,682	$4,027	$5,523	$7,574	$10,970
Crawfordsville	N/A	N/A	N/A	N/A	N/A
Frankfort	N/A	N/A	N/A	N/A	N/A
Indianapolis	N/A	N/A	N/A	N/A	N/A
Pittsboro	N/A	N/A	N/A	N/A	N/A

Source: Ownwell