TaxBy County

Monroe County

Monroe County, Indiana

Effective Tax Rate

0.70%

Median Annual Tax

$1,837

How Monroe County Compares

Median Annual Property Tax

Monroe County$1,837
Indiana State Average$1,199
National Average$1,924

Monroe County

0.70%

Effective rate

Indiana Avg

0.67%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$1,842

per year

Without Mortgage

$1,826

per year

Estimate Your Property Tax

$

Annual Tax

$1,837

Monthly Escrow

$153

Effective Rate

0.70%

vs. Indiana State Average▲ 53.2% above
vs. National Average▼ 31.7% below
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Frequently Asked Questions

What is the property tax rate in Monroe County, Indiana?
The effective property tax rate in Monroe County, Indiana is 0.70%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Monroe County?
The median annual property tax payment in Monroe County is $1,837. Homeowners with a mortgage pay a median of $1,842, while those without a mortgage pay $1,826.
How does Monroe County compare to the Indiana average?
Monroe County's effective tax rate of 0.70% is higher than the Indiana state average of 0.67%. The median annual property tax in Monroe County is $1,837, compared to the state average of $1,199.
What is the median home value in Monroe County, Indiana?
The median home value in Monroe County, Indiana is $261,700, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in Indiana?
Property taxes in Indiana are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

Counties with Similar Tax Rates

Floyd County(IN)

Rate0.70%
Median Tax$1,656

Shelby County(IN)

Rate0.70%
Median Tax$1,327

Union County(IN)

Rate0.71%
Median Tax$1,144

Whitley County(IN)

Rate0.70%
Median Tax$1,432
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Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.

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