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Indiana Property Tax Calculator

Indiana DLGF explains that property taxes approved by voters in a referendum are outside the property-tax caps. A cap calculation therefore does not establish a ceiling for every line on a taxpayer’s complete bill. Applying a simple percentage to home value can omit voter-approved charges.

Rules verified 13 primary sources Editorial policy

Estimate your Pay 2026–2027 Indiana bill

Approved shared exemption, bill credits and charges (optional)

The same assessed-value amount must apply to Levies subject to circuit-breaker cap, Approved voter referendum levies outside cap. Different approvals or bases require the prepared levy worksheet. Do not repeat relief already deducted.

Use the assessing authority’s value, recorded classification and current rates. Worked examples use hypothetical rates unless labeled statutory.

Indiana · 2025 assessment / taxes payable 2026, or 2026 assessment / payable 2027 Needs inputs
Indiana estimated annual property tax —
  • Tax — Levies subject to circuit-breaker cap —
  • Tax — Approved voter referendum levies outside cap —
  • Reduced by statewide bill limit —
  • Credits subtracted —
  • Fixed charges added —
Per month (annual ÷ 12) —
What was applied Choose the actual approved homestead status.
Assessed value after ratio and cap —
Taxable value — Levies subject to circuit-breaker cap —
Taxable value — Approved voter referendum levies outside cap —
Effective rate on market value —

What this estimate leaves out

Different allowances for different levies need separately approved taxable bases in the prepared levy worksheet. The extra exemption above subtracts the same assessed-dollar amount from every modeled levy.

How Indiana turns value into a tax bill

Indiana statewide rules
StepIndiana ruleSource
Value Use the valuation for the assessment year shown on your notice. Exemptions, rate units and levy classifications below must match that same notice. [1]
Assessment 100% of assessor’s residential full value [1]
Annual limit No automatic parcel bill cap is inferred from a limit on a jurisdiction’s total levy.
Exemption Approved standard homestead deduction: $48,000 off assessed value; all levies.Select only if approved for this assessment year; do not deduct an amount already included in the value you enter. [3]
Exemption Supplemental homestead deduction after standard: 40% off assessed value; all levies.Select only if approved for this assessment year; do not deduct an amount already included in the value you enter. [3]
Exemption Deduction for 2% cap residential property (no application): 6% off assessed value; all levies.Applied by the county auditor to residential property in the 2% circuit-breaker category, after any other deductions. [3]
Rate Levies subject to circuit-breaker cap: local rate — you enter it.Levies subject to circuit-breaker cap from the applicable taxing authority. The rate is not a Census ratio.
Rate Approved voter referendum levies outside cap: local rate — you enter it.Approved voter referendum levies outside cap from the applicable taxing authority. The rate is not a Census ratio.
Bill limit Approved homestead 1% of gross assessed-value circuit-breaker limit, excluding referendum
Bill limit Other residential 2% of gross assessed-value circuit-breaker limit, excluding referendum
Credit Supplemental homestead credit: 10% of covered liability after the cap, up to $300; referendum excluded [2]

How Indiana assesses, deducts, credits, appeals and collects homestead tax

Indiana values property as of January 1. For 2025 Pay 2026 bills, 2024 sales set the value as of January 1, 20258. Assessors re-trend every value each year from the previous year's sales11. Separately, a four-year cyclical reassessment began July 1, 2026, with about 25% of parcels physically reassessed each year10.

An approved homestead gets a standard deduction of $48,000 for the 2025 assessment and $40,000 for the 2026 assessment, falling to $30,000 for 20273. The supplemental deduction then removes 40% of the remainder for taxes payable in 2026 and 46% for 20273. Other residential property in the 2% cap class, such as rentals, gets a deduction with no application: 6% of AV for 2025 Pay 2026, 12% for 2026 Pay 2027, rising to 33.4% for 2030 Pay 20313.

Ordinary taxes are capped at 1% of gross assessed value for homesteads, 2% for other residential property and farmland, and 3% for other real and personal property13. Referendum taxes sit outside those caps1. After the cap, homesteads get an automatic supplemental homestead credit of up to $3004. Referendum levies are excluded from that credit2.

From the 2025 assessment, SEA 1-2025 turned the Over 65 Deduction into a credit4. The Over 65 Credit is $1505. The Over 65 Circuit Breaker Credit holds a qualifying homestead's tax to the prior year's tax multiplied by 1.025. Its income limits are $60,000 single and $70,000 joint for 2025 Pay 20264, and $61,680 and $71,960 for 2026 Pay 20276. The Blind/Disabled Credit is $1254. Apply to the county auditor by January 15 of the year the taxes are first due7.

For 2025 Pay 2026, eligible veterans had a $24,960 service-connected-disability deduction and a $14,000 deduction for total disability or age 62+ with a 10% disability3. HEA 1210-2026 ends the $24,960 deduction from the January 1, 2026 assessment and replaces it with a $350 credit3. It also raises the totally-disabled-veteran deduction to 100% of assessed value and adds a $250 credit for veterans 62+ with a 10% disability3.

To appeal, file Form 130 with the assessing official. The deadline is June 15 of the assessment year if the Form 11 notice was mailed before May 1; otherwise it is June 15 of the year the tax bill is mailed8. The county PTABOA must hold a hearing within 180 days8. Its decision can be taken to the Indiana Board of Tax Review on Form 131 within 45 days9. While an appeal is pending, you may pay tax based on the prior year's assessment8.

Taxes are paid to the county treasurer in two installments; the 2026 due dates were May 11 and November 1012. The penalty is 5% of the unpaid tax if paid within 30 days of the due date (with no back taxes owed), and 10% after that12.

For assessment 2025/pay 2026, the standard homestead deduction is $48,000 and the supplemental deduction is 40% of the remainder. Assessment 2026/pay 2027 uses $40,000 and 46%.3 Mixing the 2026 assessment amount with a 2026 payment-year percentage would silently combine two different years. Referendum taxes are outside both the circuit-breaker cap and the new supplemental credit. This ordinary branch assumes no pre-cap local tax credits or mixed-property allocations; use the auditor’s prepared credit calculation for those cases.

Residential property that is not an approved homestead, such as a rental or second home, falls in the 2% circuit-breaker category and now receives a deduction from assessed value without any application: 6% for pay 2026 and 12% for pay 2027, rising to 33.4% for pay 2031. The 2% cap is still measured on gross assessed value. A $200,000 rental at $1.80 per $100 owes $3,384 for pay 2026 ($188,000 taxable) and $3,168 for pay 2027 ($176,000 taxable), below its $4,000 cap.3

Worked example

Pay 2026 ordinary approved homestead. $300,000−$48,000=$252,000;40% supplemental deduction leaves $151,200. Normal 2.5% levy=$3,780 cappedat 1% gross=$3,000.10% supplemental credit=$300. Referendum 0.2%×$151,200=$302.40 stays outside cap and credit. Total $3,002.40.

Indiana worked example
LineTaxable valueTax
Levies subject to circuit-breaker cap at $2.50 per $100$151,200.00$3,780.00
Approved voter referendum levies outside cap at $0.20 per $100$151,200.00$302.40
Statewide bill limit−$780.00
Credits−$300.00
Annual total$3,002.40

Left to your local bill

Census context, not a rate

American Community Survey 2020–2024: median owner-occupied value $218,200 (±$739), median real-estate taxes $1,614 (±$9). Dividing one by the other gives 0.74% for Indiana. Tables B25077 and B25103; why it is only context.

Sources

  1. in.govIndiana DLGF: Referendum Information, read .
    “Property taxes that are approved by voters in a referendum are not subject to the property tax caps. Therefore, any successful referendum may result in a property tax bill that exceeds the caps”
  2. in.govIndiana DLGF deduction-and-credit FAQ, supplemental credit excludes referendum, read .
    “states that a levy approved by voters in a local referendum is not subject to the Supplemental Homestead Credit.”
  3. in.govIndiana DLGF memo, Legislation Affecting Deductions, Credits, and Exemptions, read .
    “(2) for the 2025 assessment date, $48,000; (3) for the 2026 assessment date, $40,000; (4) for the 2027 assessment date, $30,000; … (1) 40%, for taxes due and payable in 2026; (2) 46%, for taxes due and payable in 2027;”
  4. in.govIndiana DLGF memo, Legislation Affecting Deductions, Exemptions, and Credits, read .
    “Qualifying taxpayers may receive up to $300 as a credit applied to their tax liability on the same homestead to which the Homestead Standard Deduction applies. … SEA 1 converts a number of existing property tax deductions into property tax credits, including the Over 65 Deduction.”
  5. forms.in.govIndiana State Form, Application for Over 65 Credit and Over 65 Circuit Breaker Credit, read .
    “For the Over 65 Credit, the credit amount equals $150. … For the Over 65 Circuit Breaker Credit, the credit equals the tax liability minus the product of tax liability for the preceding year multiplied by 1.02.”
  6. in.govIndiana DLGF memo, Over 65 Circuit Breaker Income Threshold Calculation for Pay 2027, read .
    “officials should use the income thresholds of $61,680 for single individuals and $71,960 for married couples.”
  7. forms.in.govIndiana Property Tax Benefits, State Form 51781, read .
    “Applications for these deductions or credits must be completed, signed, and filed on or before January 15 of the calendar in which the property taxes are first due and payable, unless otherwise noted.”
  8. in.govIndiana DLGF Fact Sheet: Property Tax Assessment Appeals, read .
    “June 15 of the assessment year, if the notice of assessment (Form 11) is mailed by the county before May 1 of the assessment year; or … PTABOA shall hold a hearing not later than 180 days after the appeal petition filing”
  9. forms.in.govIndiana Form 130, Taxpayer’s Notice to Initiate an Appeal, read .
    “The taxpayer must file Form 131 with the IBTR within forty-five (45) days when PTABOA’s order to given to parties”
  10. in.govIndiana DLGF: Statewide Cyclical Reassessment, read .
    “Starting July 1, 2026, assessing officials will reassess approximately 25% of the parcels in their jurisdiction each year over a four-year timeframe.”
  11. in.govIndiana DLGF Fact Sheet: Annual Adjustment of Assessed Values, read .
    “Trending requires assessors to research sales of properties in a particular area over the previous year.”
  12. in.govIndiana DLGF: Property Tax Due Dates, read .
    “Property taxes are due twice a year. You will receive a statement with upcoming due dates in the Spring. Current property tax due dates are: May 11, 2026 November 10, 2026 Property tax payments are made to your county treasurer . … For those who pay the tax within 30 days of the due date and do not owe back taxes on the same property, the penalty is 5 percent of the unpaid tax. If you fail to pay your taxes and the penalty within 30 days, the penalty increases to 10 percent of the unpaid tax.”
  13. in.govIndiana DLGF: Tax Bill 101, read .
    “Property owners are entitled to a cap on the amount of property taxes over 1 percent of the gross assessed value for homestead properties, 2 percent for other residential and agricultural land, and 3 percent for other real and personal property.”

Bordering jurisdictions

Rules verified by the Property Tax Calculator Editorial Team. Report a correction