Hamilton County, Indiana property tax
The median homeowner in Hamilton County, Indiana pays $3,340 a year in property tax on a home worth $379,100, an effective rate of 0.88%. The national effective rate is 0.98%.
What the rate means here
Hamilton County taxes property at 0.88%, within a rounding error of the national 0.98%. The median bill of $3,340 therefore tracks the median home value of $379,100 fairly directly, which is not true everywhere.
It ranks #4 of 92 Indiana counties by effective rate, against a statewide 0.74%, and #1,276 nationally. The state runs from 0.93% in Marion County down to 0.41% in Switzerland County.
The median home costs 3.21 times the median household income of $117,957, close to the national 3.86. Incomes here run above the national median, which is what keeps that ratio ordinary despite the house prices. At 357,176 residents the county is large enough that its median blends several distinct housing markets.
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
| Hamilton County | Indiana | United States | |
|---|---|---|---|
| Effective property tax | 0.88% | 0.74% | 0.98% |
| Median tax bill | $3,340 | $1,496 | $2,969 |
| Median home value | $379,100 | $201,600 | $303,400 |
| Median gross rent | $1,468 | $1,020 | $1,348 |
| Median household income | $117,957 | $70,051 | $78,538 |
| Home price to income | 3.21× | 2.88× | 3.86× |
| Rent as share of income | 14.93% | 17.47% | 20.6% |
| Owner-occupied | 76.28% | 70.35% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 357,176.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Allen County | 0.80% | $1,559 | $194,300 |
| St. Joseph County | 0.87% | $1,559 | $179,800 |
| Lake County | 0.93% | $1,987 | $214,700 |
| Elkhart County | 0.82% | $1,592 | $194,400 |
| Tippecanoe County | 0.62% | $1,355 | $217,600 |
Hamilton County property tax: common questions
What is the property tax rate in Hamilton County, Indiana?
The effective rate is 0.88% of home value, from a median tax bill of $3,340 against a median home value of $379,100. That is 0.1 points below the national 0.98%.
How much is property tax on a $400,000 home in Hamilton County?
Roughly $3,520 a year at the county effective rate of 0.88%.
Is Hamilton County expensive compared with the rest of Indiana?
It ranks #4 of 92 Indiana counties by effective property tax rate, and #1276 of 2,826 nationally. That is 0.14 points above the Indiana average of 0.74%.
What does housing cost in Hamilton County?
The median home is worth $379,100 and median gross rent is $1,468 a month. Median household income is $117,957, which puts the home at 3.21 times annual income and rent at 14.93% of it.