What is the property tax rate in Indianapolis?

Indianapolis (Marion County) property tax rates vary by township, typically ranging from 2.0% to 2.5% of assessed value. Example: A $200,000 assessed property in Center Township pays approximately $4,000-5,000 annually. Surrounding counties have lower rates: Hamilton County 1.5-2.0%, Hendricks County 1.8-2.2%. Rates include state, county, city, school, and library levies.

How do I appeal my property tax assessment in Indiana?

To appeal: 1) Review your property record card for errors, 2) Gather comparable sales data showing lower values, 3) File Form 130 with your county assessor by June 15 (or 45 days after notice), 4) Attend informal hearing with assessor, 5) If unsuccessful, appeal to Property Tax Assessment Board of Appeals. Success rates are highest when you can prove factual errors or comparable properties assessed lower.

Do rental properties qualify for any property tax exemptions in Indiana?

Investment/rental properties do NOT qualify for homestead exemption (which provides a $48,000 assessed value reduction). However, rental properties may qualify for: mortgage deductions, age-65 deductions if owner-occupied portion exists, or property tax abatements for qualifying developments. The standard deduction available to all Indiana property owners provides some relief.

Indianapolis Property Taxes: Complete Guide for Landlords & Investors | Leaseway Property Management Blog

HomePricing Reviews Blog Investors

317-445-9151 Get Free Quote

HomeBlogTax & FinanceIndianapolis Property Taxes: Complete Guide for Landlords & Investors

Tax & Financeproperty taxes

Premier property management serving Indianapolis and Central Indiana since 2008.

3250A W 86th St, Suite 1134
Indianapolis, IN 46268
(317) 445-9151

Services

All Services

indianapolis

taxes

Indianapolis Property Taxes: Complete Guide for Landlords & Investors

Leaseway Team

Property Management Experts

January 5, 202611 min read

Indianapolis property tax bill and assessment notice

Article Summary

Understand Indianapolis property taxes including rates by county, assessment appeals, exemptions, and strategies to minimize your tax burden.

Published: January 5, 2026Updated: January 7, 2026

Property taxes significantly impact your rental property ROI. Understanding how Indianapolis property taxes work helps you budget accurately and potentially save money...

Sources & References

Marion County Assessor
Indiana Department of Local Government Finance
STATS Indiana Property Tax Reports

Frequently Asked Questions

About the Author

Leaseway TeamProperty Management Experts

The Leaseway Team brings together decades of combined experience in Indianapolis property management, real estate investing, and landlord-tenant relations. Our experts are dedicated to helping property owners maximize their investments.

Licensed Indiana Property ManagersNARPM Members500+ Properties Managed

View all

Tax documents and calculator showing rental property deduction calculations

Tax & Finance

Top 10 Tax Deductions Every Indiana Landlord Should Know in 2026

Jan 1010 min read

Calculator and tax forms for rental property depreciation

Back to All Articles

1.How Property Taxes Are Calculated
2.Tax Rates by Indianapolis Area
3.Understanding Assessments
4.How to Appeal Your Assessment
5.Available Exemptions
6.Payment Options and Deadlines
7.Budgeting for Property Taxes

Get Weekly Landlord Tips

Join 2,500+ Indianapolis property owners. Market insights, tax tips, and actionable advice delivered weekly.

No spam. Unsubscribe anytime. We respect your privacy.

Company

About Us
Blog
Contact Us
Our Team
For Investors
Reviews

Resources

Free Resources
FAQ
Self-Manage vs. PM
Leaseway vs. Others
ROI Calculator
Rent Calculator
Market Report
Landlord Guide

Service Areas

Indianapolis
Carmel
Fishers
Noblesville
Greenwood
Westfield
Zionsville
Avon
Brownsburg
Plainfield
Lawrence
Speedway
Whitestown
McCordsville
Pendleton
Mooresville
Bargersville

Property Management in Indianapolis Neighborhoods

Broad Ripple•Fountain Square•Mass Ave•Downtown•Irvington•Meridian-Kessler•Butler-Tarkington•Speedway•Lawrence•Beech Grove•Southport•Castleton•Geist•Nora•SoBro•Woodruff Place•Lockerbie Square•Fall Creek Place•Herron-Morton•Old Northside•Chatham Arch•Holy Cross•Garfield Park•Fletcher Place•Bates-Hendricks

BBBAccredited NARPMMember YelpListed GoogleBusiness

125 articles10+ years experience

Tax & Finance

Rental Property Depreciation: How to Maximize This Powerful Tax Benefit

Jan 914 min read

Financial documents showing 1031 exchange real estate tax strategy

Tax & Finance

1031 Exchange Guide for Indiana Real Estate Investors: Defer Taxes Legally

Jan 1811 min read

Indianapolis Property Taxes: Complete Guide for Landlords & Investors

Sources & References

Frequently Asked Questions

What is the property tax rate in Indianapolis?

How do I appeal my property tax assessment in Indiana?

About the Author

Related Articles

Top 10 Tax Deductions Every Indiana Landlord Should Know in 2026

Company

Resources

Service Areas

Property Management in Indianapolis Neighborhoods

Do rental properties qualify for any property tax exemptions in Indiana?

Rental Property Depreciation: How to Maximize This Powerful Tax Benefit

1031 Exchange Guide for Indiana Real Estate Investors: Defer Taxes Legally