Indiana property taxes are administered by the Department of Local Government Finance. Indiana property taxes are collected by local county treasurers and are based on assessments of fair market value of property as determined by the township and the county’s assessors. In Indiana, more than 99% of the revenue generated by Indiana property taxes stays in the local community.
Indiana property taxes are used to fund school systems, local township, city and county budgets and a small portion is used to fund libraries and the state government. More than 50% of the funds generated by property taxes go directly to schools. Indiana property taxes are paid in arrears, meaning the taxes paid in the current year represent the taxes owed for the previous year. Taxes in Indiana are due annually in two installments—May 10 and Nov. 10.