Putnam County Property Taxes
Effective Tax Rate
0.00%
18.4% below state avgMedian Annual Tax
$0
$82/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.48%
At a Glance
Median Home Value
$205,800
State avg $178,101
Tax w/ Mortgage/yr
$1,056
$88/mo escrow
Tax w/o Mortgage/yr
$852
$71/mo
State Tax Rate Rank
#5
of 92 counties (1 = lowest)
Similar tax rates
Homeowner context
What this means for a Putnam County homeowner
Use these county medians as a planning baseline. Your actual bill depends on assessed value, exemptions, millage, and local taxing districts.
Tax pressure
0.48%
0.20 percentage points below the state average
Typical bill
$978
$221 below the state median
State position
#5
Ranked from lowest to highest effective rate across 92 Indiana counties.
Data Story
About Property Taxes in Putnam County, Indiana
Putnam taxes rank among America's lowest
Putnam County's effective tax rate of 0.475% places it in the bottom 5% nationwide, even lower than Pulaski's 0.480%. The median property tax of $978 is less than one-third the national median of $2,690.
Second-lowest rate in Indiana
At 0.475%, Putnam County has the second-lowest effective tax rate in Indiana, trailing only Pulaski's 0.480% and well below the state average of 0.671%. The median tax of $978 reflects moderate home values of $205,800.
The region's second-most affordable
Putnam's 0.475% rate edges out nearby Ripley County (0.576%) and falls just below Pulaski County (0.480%), cementing its place among Indiana's tax bargains. Despite home values roughly $30,000 higher than Pulaski's, Putnam residents pay only about $330 more annually.
Your annual Putnam property tax bill
On a median home valued at $205,800, the annual property tax is $978 (roughly $82 monthly). Mortgage holders pay closer to $1,056; those without mortgages, approximately $852.
Appeal if you suspect overassessment
Despite competitive rates, Putnam County homeowners should verify their property valuations through the county assessor. An appeal could provide additional relief, especially if your home was recently assessed above comparable sales.
How Putnam County Compares
Median Annual Property Tax
Putnam County
0.48%
Effective rate
Indiana Avg
0.67%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Putnam County, Indiana?
How much are property taxes in Putnam County?
How does Putnam County compare to the Indiana average?
What is the median home value in Putnam County, Indiana?
Is Putnam County a low property tax area in Indiana?
How does Putnam County rank for property taxes in Indiana?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Indiana
Data updated: March 2026
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.
Estimates are informational only and are not tax, legal, financial, or assessment appeal advice. Verify parcel-specific amounts with the county assessor or tax collector.