Putnam County, Indiana Property Taxes
Median Putnam County effective property tax rate: 0.77%, significantly lower than the national median of 1.02%.
Median Putnam County home value: $120,600
Median annual Putnam County tax bill: $978, $1,422 lower than the national median property tax bill of $2,400.
How are property taxes in Putnam County calculated?
Property taxes in Putnam 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 Greencastle or another part of Putnam County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Putnam County, Indiana Property Tax Bill Calculator
$100,000
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Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$929
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Property Tax Rates Across Putnam 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 Putnam County's effective property tax rate to other counties in Indiana or the U.S. median property tax rate.
In Putnam County, the median property tax rate is 0.77%, which is below the national median of 1.02%. This means homeowners in Putnam County generally pay less in property taxes compared to the national average. However, within the state, there are variations. For instance, Poland has the highest median tax rate at 1.84%, while Putnamville boasts the lowest at 0.50%. Such differences highlight the importance of understanding local property tax rates, as they can significantly impact your annual tax bill. By appealing or applying for exemptions, property owners can potentially lower their tax burden, ensuring they are not overpaying.
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 Putnam County Tax Rate
0.77%
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 Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Putnam County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge | 0.43% | 0.59% | 0.78% | 1.25% | 1.94% |
| Brazil | 0.54% | 0.61% | 0.93% | 1.07% | 1.68% |
| Centerpoint | 0.50% | 0.62% | 1.64% | 1.85% | 2.21% |
| Cloverdale | 0.35% | 0.50% | 0.69% | 1.05% | 1.97% |
| Coatesville | 0.37% | 0.51% | 0.66% | 0.87% | 1.69% |
| Fillmore | 0.39% | 0.53% | 0.71% | 0.99% | 1.76% |
| Greencastle | 0.43% | 0.64% | 0.87% | 1.35% | 2.00% |
| Ladoga | 0.30% | 0.54% | 0.62% | 0.86% | 1.62% |
| North Salem | 0.52% | 0.61% | 0.68% | 0.84% | 0.94% |
| Poland | 0.48% | 0.74% | 1.84% | 1.85% | 1.89% |
| Putnamville | 0.28% | 0.31% | 0.50% | 0.62% | 1.51% |
| Quincy | 0.52% | 0.64% | 0.76% | 0.96% | 1.47% |
| Reelsville | 0.37% | 0.55% | 0.77% | 1.16% | 1.85% |
| Roachdale | 0.35% | 0.56% | 0.76% | 1.31% | 1.83% |
| Rockville | N/A | N/A | N/A | N/A | N/A |
| Russellville | 0.35% | 0.49% | 0.75% | 1.48% | 2.16% |
| Waveland | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Putnam County, Indiana
When examining property taxes in Putnam 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 Putnam 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 Putnam 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 Putnam County.
For example, the median tax bill in Putnam County is $1,537, with tax bills ranging significantly across the county. Quincy has the highest median home price at $184,950.
Median Putnam County Market Value
$120,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Putnam County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge | $47,800 | $74,200 | $121,200 | $187,700 | $250,200 |
| Brazil | $69,600 | $81,200 | $114,500 | $200,800 | $250,600 |
| Centerpoint | $8,520 | $18,825 | $56,650 | $119,375 | $185,540 |
| Cloverdale | $36,240 | $61,900 | $105,000 | $163,900 | $225,480 |
| Coatesville | $94,780 | $126,750 | $166,200 | $266,150 | $357,840 |
| Fillmore | $54,200 | $93,250 | $139,800 | $194,075 | $271,380 |
| Greencastle | $35,100 | $73,400 | $115,800 | $165,875 | $227,810 |
| Ladoga | $62,520 | $95,700 | $153,500 | $205,100 | $234,320 |
| North Salem | $116,500 | $135,900 | $143,800 | $163,350 | $206,500 |
| Poland | $5,360 | $13,200 | $52,200 | $96,500 | $187,780 |
| Putnamville | $15,580 | $43,250 | $63,200 | $97,600 | $126,160 |
| Quincy | $88,070 | $126,850 | $184,950 | $252,825 | $310,810 |
| Reelsville | $23,010 | $55,025 | $99,250 | $159,725 | $212,320 |
| Roachdale | $37,660 | $69,725 | $109,800 | $170,600 | $238,920 |
| Rockville | N/A | N/A | N/A | N/A | N/A |
| Russellville | $20,940 | $50,400 | $80,850 | $128,725 | $206,500 |
| Waveland | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Putnam County, Indiana
Median Putnam County Tax Bill
$978
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Putnam County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge | $295 | $504 | $1,013 | $1,684 | $2,549 |
| Brazil | $330 | $534 | $1,537 | $2,249 | $2,388 |
| Centerpoint | $129 | $257 | $682 | $1,126 | $2,515 |
| Cloverdale | $196 | $384 | $799 | $1,373 | $2,093 |
| Coatesville | $385 | $688 | $1,171 | $2,312 | $4,321 |
| Fillmore | $273 | $546 | $967 | $1,737 | $2,676 |
| Greencastle | $242 | $526 | $1,059 | $1,686 | $2,453 |
| Ladoga | $393 | $592 | $1,000 | $1,896 | $2,321 |
| North Salem | $658 | $806 | $1,097 | $1,422 | $1,694 |
| Poland | $103 | $206 | $489 | $962 | $1,709 |
| Putnamville | $114 | $139 | $245 | $404 | $662 |
| Quincy | $532 | $765 | $1,342 | $1,966 | $3,238 |
| Reelsville | $175 | $359 | $776 | $1,375 | $2,111 |
| Roachdale | $218 | $437 | $880 | $1,534 | $2,463 |
| Rockville | N/A | N/A | N/A | N/A | N/A |
| Russellville | $188 | $312 | $554 | $1,316 | $1,999 |
| Waveland | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell