Boone County, Indiana property tax
The median homeowner in Boone County, Indiana pays $2,725 a year in property tax on a home worth $341,800, an effective rate of 0.80%. The national effective rate is 0.98%.
What the rate means here
At 0.80%, Boone County taxes property more lightly than the national 0.98%. That puts the median bill at $2,725. Rates this low usually mean the state, rather than the county, carries more of the school funding.
It ranks #16 of 92 Indiana counties by effective rate, against a statewide 0.74%, and #1,460 nationally. The state runs from 0.93% in Marion County down to 0.41% in Switzerland County.
The median home costs 3.26 times the median household income of $104,865, close to the national 3.86. Incomes here run above the national median, which is what keeps that ratio ordinary despite the house prices. With 72,827 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Boone County | Indiana | United States | |
|---|---|---|---|
| Effective property tax | 0.80% | 0.74% | 0.98% |
| Median tax bill | $2,725 | $1,496 | $2,969 |
| Median home value | $341,800 | $201,600 | $303,400 |
| Median gross rent | $1,283 | $1,020 | $1,348 |
| Median household income | $104,865 | $70,051 | $78,538 |
| Home price to income | 3.26× | 2.88× | 3.86× |
| Rent as share of income | 14.68% | 17.47% | 20.6% |
| Owner-occupied | 79.31% | 70.35% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 72,827.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Morgan County | 0.48% | $1,056 | $220,100 |
| Grant County | 0.68% | $790 | $116,000 |
| Wayne County | 0.87% | $1,101 | $126,100 |
| Kosciusko County | 0.60% | $1,198 | $200,300 |
| Floyd County | 0.70% | $1,656 | $235,100 |
Boone County property tax: common questions
What is the property tax rate in Boone County, Indiana?
The effective rate is 0.80% of home value, from a median tax bill of $2,725 against a median home value of $341,800. That is 0.18 points below the national 0.98%.
How much is property tax on a $400,000 home in Boone County?
Roughly $3,200 a year at the county effective rate of 0.80%.
Is Boone County expensive compared with the rest of Indiana?
It ranks #16 of 92 Indiana counties by effective property tax rate, and #1460 of 2,826 nationally. That is 0.06 points above the Indiana average of 0.74%.
What does housing cost in Boone County?
The median home is worth $341,800 and median gross rent is $1,283 a month. Median household income is $104,865, which puts the home at 3.26 times annual income and rent at 14.68% of it.