Plainfield, Hendricks County, Indiana Property Taxes
Median Plainfield, IN effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Plainfield, IN home value: $249,850
Median annual Plainfield, IN tax bill: $2,485, $85 higher than the national median property tax bill of $2,400.
How are property taxes in Hendricks County calculated?
Property taxes in Plainfield, 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 Plainfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Plainfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Plainfield, Hendricks County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$2,374
$2,203
Ownwell’s Plainfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Plainfield with just two data points.
By entering your property's estimated assessed value, our calculator applies Plainfield’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 Hendricks County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Plainfield, Hendricks County, Indiana
Local government entities are responsible for setting tax rates, which can vary significantly within a state. The process involves each county estimating its required budget to provide essential services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Plainfield, located in Hendricks County, Indiana, the effective property tax rate is 0.95%. This rate is slightly below the national median of 1.02%, offering residents a relatively favorable tax environment. Compared to other cities in Indiana, Plainfield's tax rate aligns with the state's median, providing a balanced approach to property taxation. Residents can benefit from understanding how these rates are determined and how they compare both within the state and nationwide. This knowledge can empower property owners to make informed decisions and potentially explore opportunities for tax appeals or exemptions.
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 Plainfield Tax Rate
0.95%
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 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 Plainfield, Hendricks County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46168 | 0.70% | 0.83% | 0.95% | 1.05% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Plainfield, Hendricks County, Indiana
When examining property taxes in Plainfield, 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 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 Hendricks 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 Plainfield. For example, the median home price in Plainfield is $249,850, with tax bills ranging significantly across the county. Zip code 46168 has the highest median home price at $249,850.
Property Tax Assessment Values Across Plainfield, Hendricks County, Indiana
Source: Ownwell
$118,250
$293,525
$468,800
Median Plainfield Market Value
$249,850
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 Plainfield, Hendricks County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46168 | $137,700 | $182,575 | $249,850 | $321,000 | $406,510 |
Source: Ownwell
Property Tax Bills Across Plainfield, Hendricks County, Indiana
In Plainfield, located in Hendricks County, Indiana, property tax bills are determined by the assessed value of a home, which is based on its market value. The local tax rate is applied to this assessed value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. For homeowners in Plainfield, the property tax bill can vary significantly, with the 25th percentile at $1,733 and the 90th percentile reaching $4,218. The area's median tax bill is $2,485, which is just above the national median of $2,400, but with a rate lower than the national median of 1.02%.
Homeowners can benefit from appealing their property tax assessments to potentially lower their bills. This is where Ownwell comes in. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners navigate the complexities of tax assessments, ensuring they pay only their fair share. This can result in significant savings, providing financial relief for homeowners in the region.
Median Plainfield Tax Bill
$2,485
Median Hendricks County Tax Bill
$2,647
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Plainfield, Hendricks County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46168 | $1,089 | $1,733 | $2,485 | $3,264 | $4,218 |
Source: Ownwell