Indianapolis, IN variant. This is a Indianapolis, IN-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Indianapolis property tax runs about 1.07% of value - roughly $2,354/year on the $220,000 median home.
Property tax in Indianapolis
Tax = assessed value × local rate. The 1.07% effective rate captures Indianapolis's blend of county, city, and school levies.
On the $220,000 median home that's $2,354/year ($196/month), usually escrowed with your mortgage.
About Indianapolis, IN
Indianapolis residents pay a local county income tax in addition to Indiana state income tax.
Indianapolis is one of the more affordable large-city housing markets in the country, with modest home prices and rents.
Indianapolis's economy is supported by healthcare, logistics, advanced manufacturing, and a strong sports and convention sector.
Worked example: $220,000 home
$220,000 × 1.07% = $2,354/year. A $600,000 Indianapolis home would owe about $6,420.
Quick reference
- Median home value: $220,000
- Median rent: $1,300/mo
- Median household income: $58,572
- Local sales tax: 7%
- City income tax: 2.02%
- Effective property tax rate: 1.07%
- Cost of living index: 88 (US avg = 100)
Frequently Asked Questions
What is the property tax rate in Indianapolis?
About 1.07% of market value per year.
How much property tax on a median Indianapolis home?
Roughly $2,354 per year.