Calculate using real Indianapolis data. Median home price: $230,000. Property tax rate: 0.85%.
The effective property tax rate in Indianapolis, IN is 0.85%. On the median home value of $230,000, that equals approximately $1,955 per year.
At the 0.85% effective rate, a $230,000 home in Indianapolis, IN would pay about $1,955 annually, or $163 per month.
The 0.85% rate in Indianapolis, IN is near the national average of roughly 1.1%.