Indianapolis, Hendricks County, Indiana Property Taxes

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

Median Indianapolis, IN effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%. Median Indianapolis, IN home value: $237,700. Median annual Indianapolis, IN tax bill: $2,547, $147 higher than the national median property tax bill of $2,400.

How are property taxes in Hendricks calculated?

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

Last Updated March 1, 2025

Indianapolis, Hendricks County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$2,496

$2,316

Ownwell’s Indianapolis Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Indianapolis with just two data points. By entering your property's estimated assessed value, our calculator applies Indianapolis’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Hendricks 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 Hendricks County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Indianapolis, Hendricks 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.

In Indianapolis, situated in Hendricks County, the property tax landscape presents an intriguing picture. The effective property tax rate here is slightly above the national median of 1.02%. This places Indianapolis in a unique position compared to the rest of the country, where the national median property tax bill stands at $2400. Within Indiana, tax rates can fluctuate significantly, with some areas experiencing higher rates than others.

Comparing Indianapolis's effective property tax rate to other cities in Indiana and the median property tax rates in the state and the U.S. provides valuable insights for property owners. Understanding these variations can help homeowners make informed decisions about property investments and financial planning.

Property Tax Rates Across Indianapolis, Hendricks County, Indiana

Source: Ownwell

0.68%

0.91%

1.14%

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 Indianapolis Tax Rate

1.05%

Median Effective Hendricks County Tax Rate

0.98%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Indianapolis, Hendricks County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46231	0.96%	1.06%	1.08%	1.14%	2.13%
46234	0.90%	0.94%	0.99%	1.09%	1.62%
46278	0.84%	0.91%	0.95%	0.98%	1.06%
46259	N/A	N/A	N/A	N/A	N/A
46268	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Indianapolis, Hendricks County, Indiana

When examining property taxes in Indianapolis, 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. The Hendricks 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 Hendricks 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 Indianapolis.

For example, the median home price in Indianapolis is $237,700, with tax bills ranging significantly across the county. Zip code 46278 has the highest median home price at $468,800.

Property Tax Assessment Values Across Indianapolis, Hendricks County, Indiana

Source: Ownwell

$118,250

$293,525

$468,800

Median Indianapolis Market Value

$237,700

Median Hendricks County Market Value

$256,800

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Indianapolis, Hendricks County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46231	$164,710	$187,725	$212,450	$253,125	$288,180
46234	$184,490	$210,200	$241,800	$283,100	$335,300
46278	$260,400	$342,500	$468,800	$662,300	$830,280
46259	N/A	N/A	N/A	N/A	N/A
46268	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Indianapolis, Hendricks County, Indiana

In Indianapolis, located in Hendricks County, property tax bills are determined based on the assessed value of a home, which is influenced by factors such as market trends and property characteristics. The median home price in the area is $237,700, and homeowners typically face a property tax bill ranging from $2,139 at the 25th percentile to $4,309 at the 90th percentile. The highest median tax bill in the region is $4,453 in the 46278 zip code, while the lowest is $2,479 in the 46231 zip code. These figures highlight the variability in property taxes depending on location and home value. With a national median property tax rate of 1.02%, Indianapolis homeowners may find their tax bills slightly above average. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax obligations. By analyzing local market data and property specifics, Ownwell can assist in ensuring that homeowners are not overpaying, leading to significant savings on their property tax bills.

Property Tax Bills Across Indianapolis, Hendricks County, Indiana

Source: Ownwell

$1,093

$2,773

$4,453

Median Indianapolis Tax Bill

$2,547

Median Hendricks County Tax Bill

$2,647

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Indianapolis, Hendricks County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46231	$1,663	$2,036	$2,479	$3,032	$4,029
46234	$1,810	$2,155	$2,532	$3,066	$4,097
46278	$2,482	$3,274	$4,453	$6,418	$8,234
46259	N/A	N/A	N/A	N/A	N/A
46268	N/A	N/A	N/A	N/A	N/A

Source: Ownwell