Marion County Property Tax Rate
Indiana
Marion County, Indiana has an effective property tax rate of 0.91%, which is 1% lower than the national average of 0.92%. On a home valued at $224,000, homeowners pay approximately $2,028 per year in property taxes. Marion County ranks #2 out of 92 counties in Indiana for property tax rates.
$2,028
Per year
$224,000
2024 estimate
3.06%
Median income: $66,346
#2
of 92 counties in IN
Tax Breakdown
With Mortgage
$2,136
median annual tax
Without Mortgage
$1,824
median annual tax
Homeowners with a mortgage in Marion County pay on average $312 more per year than those without. This difference often reflects how property tax escrow accounts in mortgaged homes capture the full tax obligation.
How Marion County Compares
Top Counties in Indiana
Historical Property Tax Trends
| Year | Median Tax | Median Home Value | Effective Rate |
|---|---|---|---|
| 2020 | $1,472 | $145,200 | 1.01% |
| 2021 | $1,572 | $156,000 | 1.01% |
| 2022 | $1,760 | $184,100 | 0.96% |
| 2023 | $1,923 | $207,000 | 0.93% |
| 2024 | $2,028 | $224,000 | 0.91% |
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates
Indiana Property Tax Exemptions
Available to Marion County homeowners
General Homestead
Standard: lesser of 60% of assessed value or $48,000; Supplemental: 35% of remaining value up to $600,000 and 25% above $600,000
Primary residence owners; Indiana resident
Over 65
Lesser of 50% of assessed value or $14,000
Homeowners age 65+ with assessed value under $240,000 and income under $40,000
Disabled Veteran
Up to $37,440 deduction; 100% disabled veterans may qualify for full exemption
Veterans with service-connected disability of 10% or more
Tax Cap
1% for homesteads, 2% for other residential, 3% for commercial/industrial
Applies automatically to all properties
Property Tax Calculator
Estimate your annual property tax in Marion County
Estimated Annual Property Tax
$2,730
$228/month · Rate: 0.91%
Nearby Counties
Quick Facts
Think your property tax is too high?
Homeowners save an average of $1,148/year by appealing their assessment.
Learn How to Appeal →Cities in Marion County
Explore property tax data for 2 cities in Marion County, Indiana.
| City | Annual Tax | Rate |
|---|---|---|
| Indianapolis | $1,924 | 0.93% |
| Lawrence | $1,927 | 0.87% |
Frequently Asked Questions
Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.