Property Tax in Monroe County, Indiana
The median real estate tax bill in Monroe County, Indiana is $1,837 per year, and the median home is worth $261,700. Both figures are the US Census Bureau's survey medians for owner-occupied households (US Census Bureau, American Community Survey (ACS) 5-year estimates, 2023).
What the Monroe County numbers mean
Read the two medians together: $1,837 is the middle tax bill among owner-occupied households in Monroe County, and $261,700 is the middle home value. Neither figure describes a specific property — together they describe the typical homeowner's situation in the county.
The derived effective rate for Monroe County is 0.70% (median tax ÷ median value). Treat it as an estimate for comparison only: it comes from survey medians of different households, not from the county's rate schedule.
The key figures for Monroe County
| Measure | Monroe County |
|---|---|
| Median real estate taxes paid per year | $1,837 |
| Median home value | $261,700 |
| Derived effective rate* | 0.70% |
| Equivalent monthly tax | $153 |
| Tax per $100,000 of value (derived) | $702 |
| Illustrative tax on a $400,000 home (derived rate) | $2,808 |
For context, the Indiana medians are $1,496 of tax on $201,600 of value, and the US medians are $2,969 on $303,400. *Derived figures are estimates from Census medians, not official rates.
Monroe County at a glance
- Median tax rank in Indiana: #8 of 92 counties
- Median home value rank in Indiana: #5 of 92
- Population rank in Indiana: #12 of 92 (139,822 residents)
- Population density rank: #13 of 92 (354 people per square mile)
- Land area rank in Indiana: #49 of 92 (394 sq mi, 1.1% of the combined county land area)
- Median tax as a monthly figure: $153; per $1,000 of home value: $0.70
How Monroe County compares
Set against its state, Monroe County's median bill of $1,837 is about 23% higher than the Indiana median ($1,496). Against the country as a whole it is about 38% lower than the US median ($2,969). That places the county #8 of 92 Indiana counties ranked by median taxes paid.
Remember what drives the ranking: bills follow home values as much as rates. Monroe County's median home, at $261,700, ranks #5 by value in Indiana, while its derived rate of 0.70% compares with a derived US figure of 0.98%.
Some extra context for Monroe County: the median bill works out to about $153 a month, and the derived rate equals roughly $702 of tax per $100,000 of home value. The county is home to 139,822 people — the #12 most populous county in Indiana, spread over 394 square miles, a density of about 354 people per square mile. Its median home value, $261,700, ranks #5 among the state's 92 counties with data.
Zooming out: of 3133 counties nationwide with published Census figures, only 1233 record a higher median tax bill than Monroe County — it sits in the top 39% nationally. The county holds roughly 2.1% of Indiana's people. Its homes are worth more than the state norm (median $261,700 versus $201,600), and a decade at the derived rate of 0.70% adds up to about 7.02% of the median home's value in tax. The cheapest county in the state, Clay County, medians $589 — $1,248 less than Monroe County per year.
Counties nearest Monroe County in the Indiana ranking
| County | Median tax paid | Median home value | Derived rate* |
|---|---|---|---|
| Marion County, IN | $1,923 | $207,000 | 0.93% |
| Johnson County, IN | $1,875 | $260,400 | 0.72% |
| Hancock County, IN | $1,756 | $258,100 | 0.68% |
| Dearborn County, IN | $1,726 | $227,100 | 0.76% |
Monroe County and its population peers
Counties of a similar size can tax very differently. The table below shows the counties closest to Monroe County in population across the United States, with their median bills and home values. Within the group of 9, Monroe County ($1,837) ranks #7 of 9 by median tax paid.
| County | Population | Median tax paid | Median home value | Derived rate* |
|---|---|---|---|---|
| Lebanon County, PA | 143,592 | $3,180 | $227,300 | 1.40% |
| Schuylkill County, PA | 143,259 | $2,147 | $140,400 | 1.53% |
| Rock Island County, IL | 142,995 | $3,372 | $144,700 | 2.33% |
| Grayson County, TX | 139,988 | $2,953 | $228,300 | 1.29% |
| Marathon County, WI | 138,067 | $3,108 | $205,500 | 1.51% |
| Blount County, TN | 137,747 | $1,387 | $275,700 | 0.50% |
| Boone County, KY | 137,676 | $2,273 | $253,200 | 0.90% |
| Warren County, KY | 137,549 | $1,558 | $242,600 | 0.64% |
The closest population match is Grayson County, Texas (139,988 residents), where the median real estate tax paid is $2,953 on a median home value of $228,300 — $1,116 less than Monroe County pays.
Inside Indiana itself, the counties closest to Monroe County in population are Porter County (174,150 residents, median tax $2,172 on a median value of $261,900); Johnson County (163,983 residents, median tax $1,875 on a median value of $260,400); Madison County (130,949 residents, median tax $1,128 on a median value of $147,700); Clark County (122,800 residents, median tax $1,566 on a median value of $212,400). Same state, same broad tax framework — yet the median bills still differ, because assessed values and the mix of county, municipal and school-district rates are set locally.
How the tax is worked out
The bill is built in stages. First the assessor puts a market value on the property. Exemptions — a homestead exemption above all — then reduce the taxable amount. Finally the combined local rate is applied. To see the scale: at the county's derived rate of 0.70%, each $100,000 of value corresponds to about $702 of tax a year, and a $400,000 home to roughly $2,808. Real bills use the official assessment and district rates, not this derived figure, so treat the example as a sense of scale only.
Illustrative bills in Monroe County at the derived rate
The derived rate of 0.70% is only an estimate built from medians, but applying it to different home values gives a sense of scale for Monroe County — and a quick way to compare with the state derived rate of 0.74% and the US figure of 0.98%:
| Home value | Illustrative tax / year | Per month |
|---|---|---|
| $150,000 | $1,053 | $88 |
| $250,000 | $1,755 | $146 |
| $350,000 | $2,457 | $205 |
| $500,000 | $3,510 | $292 |
| $750,000 | $5,265 | $439 |
Illustration only: real bills are computed from the assessed value, exemptions, and the combined rates of the property's actual taxing districts.
Checking your assessment in Monroe County
Most successful appeals are won on facts, not arguments. Start with the property record card held by the Monroe County assessor: wrong square footage, an extra room, or a missing homestead exemption are common and fixable. Next, line your assessed value up against recent sales of genuinely similar homes nearby. Many disputes end at an informal conversation with the assessor's office; if yours does not, file the formal appeal with the review board named on your notice before its deadline, evidence attached, and keep paying the bill in the meantime so penalties do not build up.
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Frequently asked questions
What is the median property tax in Monroe County, Indiana?
The median real estate tax paid in Monroe County, Indiana is $1,837 per year, on a median home value of $261,700 (US Census Bureau, American Community Survey (ACS) 5-year estimates, 2023).
What is the effective property tax rate in Monroe County, Indiana?
The derived effective rate is 0.70% — the median bill ($1,837) expressed as a share of the median home value ($261,700). No authority sets a rate this way; it exists to make counties with different home prices comparable.
How does Monroe County compare with the rest of Indiana?
Monroe County ranks #8 of 92 Indiana counties with published data by median taxes paid. Its median bill of $1,837 is about 23% higher than the Indiana median of $1,496.
How are property taxes calculated in Monroe County, Indiana?
The assessor estimates your property's market value; exemptions (such as a homestead exemption) reduce the taxable amount; and the result is multiplied by the combined rates of the local taxing districts — county, municipality, school district and any special districts. In Monroe County, the median outcome of that process is a bill of $1,837 on a median home value of $261,700.
Can I appeal my property tax assessment in Monroe County, Indiana?
Yes — appeals are handled locally. Start with the Monroe County assessor's property record card for your home, correct any factual errors, and back your case with comparable recent sales. Formal appeals go to the review board named on your assessment notice and must be filed by its deadline, typically within 30 to 90 days.