Calculate your property tax for IN. Enter your home value, apply exemptions, and see your estimated annual tax.
Indiana's effective property tax rates are low-to-moderate, commonly 0.8% to 1.1% of market value, but Indiana is best known for its constitutional tax caps (circuit breakers): a homestead is capped at 1% of assessed value, other residential at 2%, and business at 3%. Property is assessed at market value-in-use, and unlike many states Indiana reassesses every year, so the market value is kept current and the deductions plus the cap do the heavy lifting. Relief includes the homestead standard deduction and a senior citizen deduction. This guide explains the calculation and relief; the calculator below estimates your bill.
Indiana values property at market value-in-use; your tax is the assessed value times the combined rate of the county, city/town, township, school, and library districts, minus the homestead standard deduction (the greater of $45,000 or 60% of assessed value for owner-occupied homes) and any senior citizen deduction ($14,000 for 65+/disabled). The 1% circuit-breaker cap then limits the final homestead bill to 1% of assessed value.
Indiana's signature feature is the constitutional circuit-breaker cap: a homestead (owner-occupied home) is capped at 1% of assessed value, other residential at 2%, and business/other at 3%. If the calculated tax would exceed the cap, the state refunds the excess — so your bill can never exceed 1% of assessed value on your home. This is the single biggest protection for Indiana homeowners.
Indiana's homestead standard deduction removes the greater of $45,000 or 60% of assessed value from a primary residence before the rate is applied; if you are 65+ or disabled, you also get a senior citizen deduction of $14,000. Claim both with the county; they combine with the 1% cap to keep the bill low. Verify they are coded on your assessment notice.
Indiana grants a disabled veterans' exemption (a full exemption of the home's assessed value for a 100% service-connected-disabled veteran, with partial relief for lower ratings) and exemptions for surviving spouses. There is also a blind exemption. These are claimed with the county.
Indiana's restraint comes from the 1% circuit-breaker cap on homesteads and the homestead standard deduction, not a growth cap on values (Indiana reassesses annually). There is no Prop 13-style assessment freeze, but the cap guarantees the bill stays at or below 1% of assessed value. The deductions plus the cap are the main reliefs.
The figures below draw on our county datasets where available; rates differ by jurisdiction, so use your specific locality's rate in the calculator.
Indiana rates vary by county, city/town, township, school, and library districts; enter your combined rate in the calculator below.
Indiana taxes are commonly paid in two installments (commonly May 10 and November 10) by the county treasurer on the combined rate, with penalty on late payment and a tax sale after sustained delinquency. The homestead standard deduction and senior citizen deduction are claimed with the county; the veterans' exemption with the county. The 1% circuit-breaker cap limits the final bill. Some localities also bill a separate stormwater or economic-development levy that shows on the same statement.
To lower your Indiana bill: (1) claim the homestead standard deduction (the greater of $45,000 or 60% of assessed value) and, if 65+/disabled, the senior citizen deduction ($14,000); (2) claim the disabled-veterans' exemption (full for 100%); (3) confirm the 1% circuit-breaker cap is applied so the bill never exceeds 1% of assessed value; (4) verify the market value-in-use and appeal with comparable sales if high; (5) follow local unit budgets. Because reassessment is annual, re-check the market value-in-use each year rather than only at sale. The cap plus deductions are the biggest levers.
In practice, an Indiana bill is the assessed value (market value-in-use) times the combined county/city/township/school/library rate, minus the homestead standard deduction (the greater of $45,000 or 60% of assessed value) and any senior citizen deduction ($14,000 for 65+/disabled). Indiana's 1% circuit-breaker cap on homesteads is the backstop. Read the assessment notice and grieve the market value if comparable sales are lower.
If you are buying in Indiana, claim the homestead standard deduction (the greater of $45,000 or 60% of assessed value) and, if 65+ or disabled, the senior citizen deduction ($14,000). Indiana's 1% circuit-breaker cap on homesteads keeps the bill predictable; compare county, city, township, and school rates. Grieve the market value if comparable sales are lower. The deductions plus the cap are the main savings for owner-occupants.
To appeal in Indiana, file by the county board of review (through the township assessor) deadline. (1) Compare the market value to recent sales. (2) File with the board of review. (3) Appeal to the Indiana Tax Court if needed. (4) Confirm your homestead standard deduction and the 1% circuit-breaker cap. Assessment is at market value-in-use.
Indiana's reform debate centers on the 1% circuit-breaker cap and the homestead standard deduction; proposals periodically adjust the deduction or cap. Because the caps are constitutional, any change needs a vote. Watch the General Assembly and local unit budgets for rate and deduction changes.
Market value-in-use — Indiana values at the price a willing buyer would pay. Homestead standard deduction — the greater of $45,000 or 60% of assessed value. 1% circuit-breaker — caps homestead tax at 1% of assessed value. Senior citizen deduction — $14,000 for 65+/disabled.
Two $250,000 Indiana homes at market value-in-use with a 1.0% effective rate. Homeowner A owes about $2,500. Homeowner B, owner-occupied, claims the homestead standard deduction (60% = $150,000) plus the 1% circuit-breaker cap, cutting the net toward $1,000–$1,200. The example shows the cap plus deduction are the main savings.
Indiana homeowners with a mortgage pay via escrow; the lender remits the installments. The 1% circuit-breaker cap and homestead deduction keep the bill predictable, so tell the lender you claimed them. Buyers should compare county/city/township/school rates; the cap is the backstop. Verify the deductions and cap are applied.
Indiana owners should claim the homestead standard deduction (the greater of $45,000 or 60% of assessed value) and, if 65+ or disabled, the senior citizen deduction ($14,000) — both with the county. Most importantly, confirm the 1% circuit-breaker cap is applied: your homestead bill can never exceed 1% of assessed value, and the excess is refunded. A 100% service-connected-disabled veteran should file the full exemption. Because Indiana reassesses annually, verify the market value-in-use each year and appeal with comparable sales if it looks high. If you renovate or add square footage, expect the assessment to rise the next cycle, so plan the cap's effect in advance. The cap plus the deductions are the main savings.
What is Indiana's property tax cap? A constitutional circuit-breaker: homesteads capped at 1% of assessed value, other residential at 2%, business at 3%; the excess is refunded.
How is Indiana property assessed? At market value-in-use; the rate is applied after the homestead standard deduction.
What is Indiana's homestead standard deduction? The greater of $45,000 or 60% of assessed value for owner-occupied homes, plus a $14,000 senior citizen deduction for 65+/disabled.
What veterans' relief exists in Indiana? A disabled veterans' exemption (full for 100%), plus surviving-spouse and blind exemptions.
How do I appeal my Indiana assessment? File with the county board of review by the notice deadline, then to the Indiana Tax Court.
Enter your home value, select your state, and see your estimated annual property tax.