Montgomery County, Indiana Property Taxes

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

Median Montgomery County effective property tax rate: 0.77%, significantly lower than the national median of 1.02%.
Median Montgomery County home value: $158,100
Median annual Montgomery County tax bill: $1,357, $1,043 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery County calculated?

Property taxes in Montgomery 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 Crawfordsville or another part of Montgomery County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Montgomery County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$1,217

$1,130

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

Property Tax Rates Across Montgomery County, Indiana

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Montgomery County, Indiana, the effective property tax rate is a crucial aspect of homeownership. The county's median property tax rate of 0.77% is notably lower than the national median of 1.02%. This lower rate can be a financial advantage for homeowners, making it a more affordable location compared to other parts of the country.

For a broader perspective, Alamo boasts the highest median property tax rate in Indiana at 1.96%, while Romney has the lowest at 0.55%. These variations highlight the importance of understanding local tax rates when considering property investments. Comparing Montgomery County's rate to others in Indiana or the national average provides valuable insights for potential homeowners or investors looking for cost-effective property tax solutions.

Property Tax Rates Across Montgomery County, Indiana

Source: Ownwell

0.55%

1.25%

1.96%

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 Montgomery County Tax Rate

0.77%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montgomery County, Indiana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Alamo	0.47%	0.61%	1.96%	2.02%	2.38%
Clarks Hill	0.46%	0.56%	0.64%	0.78%	1.30%
Colfax	0.47%	0.56%	0.69%	1.05%	1.68%
Crawfordsville	0.43%	0.57%	0.88%	1.20%	2.14%
Darlington	0.35%	0.47%	0.59%	0.87%	1.58%
Ladoga	0.42%	0.54%	0.66%	0.97%	1.81%
Linden	0.39%	0.49%	0.64%	1.03%	1.89%
New Market	0.28%	0.48%	0.62%	0.83%	1.91%
New Richmond	0.44%	0.52%	0.66%	1.02%	1.81%
New Ross	0.36%	0.48%	0.60%	0.93%	1.51%
Roachdale	0.52%	0.60%	0.62%	1.42%	1.50%
Romney	0.32%	0.46%	0.55%	1.28%	1.35%
Thorntown	0.50%	0.53%	0.61%	0.68%	0.73%
Waveland	0.37%	0.47%	0.66%	1.23%	1.94%
Waynetown	0.35%	0.47%	0.58%	0.81%	1.75%
Wingate	0.38%	0.46%	0.64%	1.35%	1.94%
Hillsboro	N/A	N/A	N/A	N/A	N/A
Russellville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Montgomery County, Indiana

When examining property taxes in Montgomery 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 Montgomery County Assessor's Office 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 Montgomery 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 Montgomery County. For example, the median tax bill in Montgomery County is $1,667, with tax bills ranging significantly across the county. Clarks Hill has the highest median home price at $280,100.

Property Tax Assessment Values Across Montgomery County, Indiana

Source: Ownwell

$41,000

$160,550

$280,100

Median Montgomery County Market Value

$158,100

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montgomery County, Indiana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Alamo	$6,460	$17,850	$41,000	$57,500	$79,340
Clarks Hill	$112,820	$236,500	$280,100	$321,200	$393,080
Colfax	$85,420	$180,775	$229,050	$276,000	$447,690
Crawfordsville	$73,690	$110,800	$163,900	$234,200	$325,100
Darlington	$72,680	$107,075	$151,950	$231,450	$346,320
Ladoga	$70,520	$107,100	$166,700	$258,300	$359,220
Linden	$54,200	$85,200	$116,700	$179,750	$275,700
New Market	$62,900	$89,150	$114,100	$143,600	$193,020
New Richmond	$64,620	$89,000	$135,600	$224,100	$317,400
New Ross	$64,000	$104,825	$165,300	$254,225	$331,210
Roachdale	$124,920	$136,500	$190,200	$229,700	$277,520
Romney	$133,520	$135,000	$208,700	$260,900	$417,860
Thorntown	$150,870	$168,550	$192,950	$223,300	$332,950
Waveland	$47,450	$70,250	$116,800	$192,225	$312,090
Waynetown	$73,990	$105,525	$146,000	$210,350	$322,120
Wingate	$41,270	$69,050	$109,950	$202,550	$313,030
Hillsboro	N/A	N/A	N/A	N/A	N/A
Russellville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Montgomery County, Indiana

Property tax bills in Montgomery County, Indiana, are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the property's market value, which in Montgomery County, with a median home price of $158,100, influences the overall tax liability. Homeowners in the area experience varied tax bills, with the 25th percentile paying around $719, while those in the 75th percentile face bills closer to $2,120. The 90th percentile of taxpayers sees bills reaching up to $3,135. The city of Clarks Hill within the county has the highest median tax bill at $1,667, contrasting sharply with Alamo, which has the lowest at $367. These figures reflect the impact of local policies and property values on tax bills, affecting homeowners' annual financial planning. While Montgomery County's property tax rates are competitive, they still contribute significantly to the cost of homeownership, underscoring the importance of understanding local tax implications.

Property Tax Bills Across Montgomery County, Indiana

Source: Ownwell

$367

$1,017

$1,667

Median Montgomery County Tax Bill

$1,357

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Montgomery County, Indiana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Alamo	$104	$196	$367	$602	$1,118
Clarks Hill	$1,104	$1,346	$1,667	$2,412	$3,494
Colfax	$655	$1,087	$1,598	$2,592	$3,871
Crawfordsville	$434	$853	$1,502	$2,235	$3,184
Darlington	$295	$540	$992	$1,747	$3,195
Ladoga	$371	$679	$1,241	$2,085	$3,224
Linden	$296	$419	$889	$1,595	$2,548
New Market	$240	$424	$725	$1,219	$1,904
New Richmond	$333	$575	$1,076	$1,737	$2,904
New Ross	$296	$614	$1,055	$1,850	$2,597
Roachdale	$721	$950	$1,290	$2,734	$3,113
Romney	$426	$613	$1,241	$1,929	$5,005
Thorntown	$827	$1,173	$1,211	$1,258	$2,180
Waveland	$235	$396	$901	$1,671	$3,190
Waynetown	$293	$528	$942	$1,643	$3,026
Wingate	$252	$394	$797	$1,622	$2,694
Hillsboro	N/A	N/A	N/A	N/A	N/A
Russellville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell