Hamilton County, Indiana Property Taxes
The median property tax rate in Hamilton County is 1.05%, which is slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $355,800 in Hamilton County, the typical annual property tax bill reaches $3,915, surpassing the national median of $2,690. Property taxes in Hamilton County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Hamilton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Carmel or another part of Hamilton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hamilton County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$3,736
$3,467
Ownwell’s Hamilton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamilton County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hamilton County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hamilton County, Indiana
Property taxes in Hamilton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hamilton County is 0.89%, which is lower than the Indiana state median of 0.85% but still below the U.S. national median of 0.99%. Local government entities within Hamilton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hamilton County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Kirklin has one of the higher property tax rates in Indiana at 1.36%, while the city of Anderson boasts one of the lowest at 0.74%. Analyzing how Hamilton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hamilton County Tax Rate
1.05%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamilton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anderson | 0.46% | 0.64% | 0.74% | 1.13% | 1.45% |
| Arcadia | 0.57% | 0.76% | 0.93% | 1.06% | 1.80% |
| Atlanta | 0.59% | 0.75% | 0.91% | 1.12% | 1.67% |
| Carmel | 0.86% | 0.95% | 1.01% | 1.09% | 1.33% |
| Cicero | 0.62% | 0.81% | 0.89% | 1.00% | 1.61% |
| Elwood | N/A | N/A | N/A | N/A | N/A |
| Fishers | 0.95% | 1.02% | 1.07% | 1.12% | 1.67% |
| Fortville | 0.39% | 0.85% | 0.95% | 1.00% | 1.13% |
| Indianapolis | 0.88% | 1.02% | 1.08% | 1.13% | 1.22% |
| Kempton | N/A | N/A | N/A | N/A | N/A |
| Kirklin | 0.75% | 0.92% | 1.36% | 1.80% | 1.91% |
| Mccordsville | 1.05% | 1.05% | 1.11% | 1.15% | 1.16% |
| Noblesville | 0.88% | 1.04% | 1.10% | 1.20% | 1.97% |
| Pendleton | N/A | N/A | N/A | N/A | N/A |
| Sheridan | 0.66% | 0.90% | 1.03% | 1.20% | 2.09% |
| Westfield | 0.81% | 1.00% | 1.04% | 1.08% | 1.21% |
| Zionsville | 0.93% | 0.97% | 1.04% | 1.16% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Hamilton County, Indiana
In Hamilton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hamilton County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Hamilton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Notably, Zionsville has the highest median tax bill at $5,386, while Anderson has the lowest at $1,274. Being aware of these valuation processes in Hamilton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hamilton County, Indiana
Source: Ownwell
$134,700
$412,000
$689,300
Average Hamilton County Assessed Value
$355,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamilton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anderson | $113,100 | $137,800 | $171,800 | $221,900 | $348,500 |
| Arcadia | $89,100 | $122,000 | $156,600 | $235,750 | $413,800 |
| Atlanta | $63,220 | $94,150 | $161,850 | $232,450 | $337,230 |
| Carmel | $230,400 | $316,800 | $421,400 | $577,950 | $773,100 |
| Cicero | $108,040 | $185,800 | $269,300 | $412,900 | $624,400 |
| Elwood | N/A | N/A | N/A | N/A | N/A |
| Fishers | $240,500 | $278,100 | $350,200 | $448,700 | $581,250 |
| Fortville | $200,270 | $400,600 | $488,300 | $593,175 | $701,730 |
| Indianapolis | $148,000 | $197,400 | $451,400 | $704,750 | $1,020,800 |
| Kempton | N/A | N/A | N/A | N/A | N/A |
| Kirklin | $41,740 | $84,975 | $134,700 | $228,975 | $343,980 |
| Mccordsville | $287,240 | $315,900 | $352,400 | $406,400 | $484,300 |
| Noblesville | $171,100 | $234,900 | $298,500 | $394,800 | $511,300 |
| Pendleton | N/A | N/A | N/A | N/A | N/A |
| Sheridan | $89,360 | $122,500 | $186,200 | $251,900 | $354,380 |
| Westfield | $229,200 | $285,900 | $372,300 | $473,575 | $634,200 |
| Zionsville | $252,400 | $355,150 | $536,900 | $631,400 | $824,260 |
Source: Ownwell
Property Tax Bills Across Hamilton County, Indiana
In Hamilton County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the county's tax rate to determine the annual tax bill. For homeowners, several factors influence the final amount, including the home's assessed value, applicable exemptions, and the specific tax rate set by local authorities. For instance, the median home price in Hamilton County is $355,800. Property tax bills in this area can vary significantly, with the 25th percentile at $2,819 and the 75th percentile reaching $5,246. In the most extreme cases, the 90th percentile tax bill can be as high as $7,023. The city of Zionsville has the highest median tax bill at $5,386, while Anderson has the lowest at $1,274. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Hamilton County's tax rates reflect the county's specific economic and governmental needs.
Average Hamilton County Tax Bill
$3,915
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamilton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anderson | $780 | $1,049 | $1,274 | $1,805 | $3,739 |
| Arcadia | $617 | $1,032 | $1,560 | $2,425 | $3,880 |
| Atlanta | $448 | $829 | $1,530 | $2,284 | $3,515 |
| Carmel | $2,251 | $3,277 | $4,374 | $6,025 | $8,269 |
| Cicero | $771 | $1,627 | $2,518 | $4,046 | $5,900 |
| Elwood | N/A | N/A | N/A | N/A | N/A |
| Fishers | $2,434 | $3,034 | $3,983 | $5,160 | $6,594 |
| Fortville | $798 | $2,641 | $4,428 | $5,700 | $6,737 |
| Indianapolis | $1,335 | $2,811 | $5,069 | $7,906 | $11,737 |
| Kempton | N/A | N/A | N/A | N/A | N/A |
| Kirklin | $768 | $993 | $1,462 | $2,192 | $3,791 |
| Mccordsville | $3,136 | $3,456 | $3,886 | $4,680 | $5,708 |
| Noblesville | $1,680 | $2,578 | $3,527 | $4,731 | $6,149 |
| Pendleton | N/A | N/A | N/A | N/A | N/A |
| Sheridan | $637 | $1,227 | $1,905 | $2,711 | $4,250 |
| Westfield | $1,862 | $2,849 | $3,908 | $5,055 | $6,884 |
| Zionsville | $2,942 | $4,416 | $5,386 | $6,304 | $9,598 |
Source: Ownwell