Muncie, Delaware County, Indiana Property Taxes

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

Median Muncie, IN effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but higher than the Indiana state median of 0.99%.
Median Muncie, IN home value: $93,600
Median annual Muncie, IN tax bill: $1,038, $1,362 lower than the national median property tax bill of $2,400.

How are property taxes in Delaware County calculated?

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

Last Updated March 1, 2025

Muncie, Delaware 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

$945

$877

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

Property Tax Rates Across Muncie, Delaware 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 Muncie’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Muncie, located in Delaware County, presents a unique landscape for property taxes. The effective property tax rate in Muncie is influenced by the county's budgetary needs and the total assessed value of properties within its boundaries. With Indiana's median property tax rate slightly below the national median, Muncie offers a competitive environment for property owners. However, within Delaware County, there's a noticeable range in tax rates. The highest median tax rate in the area is found in zip code 47305 at 1.89%, while the lowest is in zip code 47304 at 0.95%. This variation highlights the importance of understanding local tax dynamics, as they can significantly impact property tax bills.

Property Tax Rates Across Muncie, Delaware County, Indiana

Source: Ownwell

0.52%

1.21%

1.89%

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 Muncie Tax Rate

1.01%

Median Effective Delaware County Tax Rate

0.99%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Muncie, Delaware County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47302	0.55%	0.82%	1.13%	1.92%	2.60%
47303	0.46%	0.72%	1.04%	1.80%	2.15%
47304	0.72%	0.87%	0.95%	1.08%	1.86%
47305	0.84%	0.97%	1.89%	2.18%	3.03%
47308	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Muncie, Delaware County, Indiana

When examining property taxes in Muncie, 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 Delaware 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 Delaware 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 Muncie.

For example, the median home price in Muncie is $93,600, with tax bills ranging significantly across the county. Zip code 47304 has the highest median home price at $150,400.

Property Tax Assessment Values Across Muncie, Delaware County, Indiana

Source: Ownwell

$37,300

$119,175

$201,050

Median Muncie Market Value

$93,600

Median Delaware County Market Value

$101,600

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Muncie, Delaware County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47302	$22,880	$33,200	$49,600	$85,600	$162,140
47303	$26,040	$49,500	$87,400	$131,000	$198,360
47304	$83,300	$111,700	$150,400	$204,100	$265,800
47305	$17,100	$25,200	$37,300	$57,900	$94,300
47308	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Muncie, Delaware County, Indiana

In Muncie, located in Delaware County, Indiana, property tax bills are calculated based on the assessed value of a home. This value is determined by local assessors who evaluate the property’s market value. Homeowners in Muncie face a median property tax bill that varies significantly across the region, with the lowest median tax bill at $634 in zip code 47305 and the highest at $1,577 in zip code 47304. Compared to the national median property tax bill of $2,400, Muncie's tax bills are relatively lower. However, tax bills can still be a financial strain for homeowners, especially if they fall within the higher percentile brackets, such as the 90th percentile, which sees tax bills around $2,484. Ownwell can assist homeowners by providing property tax appeal services, potentially lowering their tax burdens. By reviewing assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying. This service can lead to significant savings, making homeownership more affordable.

Property Tax Bills Across Muncie, Delaware County, Indiana

Source: Ownwell

$303

$1,282

$2,260

Median Muncie Tax Bill

$1,038

Median Delaware County Tax Bill

$1,073

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Muncie, Delaware County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47302	$257	$419	$662	$1,037	$1,730
47303	$282	$518	$953	$1,618	$2,352
47304	$761	$1,126	$1,577	$2,143	$2,986
47305	$232	$395	$634	$948	$1,424
47308	N/A	N/A	N/A	N/A	N/A

Source: Ownwell