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Updated 2025 Tax Year

Floyd County
Property Tax Guide

Everything you need to know about property taxes in Floyd County, IN. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
1.27% effective rate (varies by taxing district and location within county)
1st Due
May 10
2nd Due
Nov 10
Exemptions
5+ Available
Section 1

How Property Tax Works

Floyd County, Indiana operates under the state's property tax system to fund essential local services including schools, public safety, infrastructure, and county operations. Property taxes in Floyd County are calculated based on assessed value and applied tax rates that vary by location within the county due to different taxing districts and special assessments.

The effective tax rate in Floyd County is approximately 1.27% of assessed property value, though actual rates vary significantly depending on your specific location within the county. Different areas may have additional levies for school districts, fire departments, libraries, and other special taxing districts. Property assessments are conducted annually, with the county assessor determining fair market value based on comparable sales and property characteristics. Property owners should note that actual tax bills depend on both the assessed value and the specific combination of taxing districts that apply to their property location.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100)Description
County General$0.7121Basic county operations and services
Total Combined Rate$1.2676All taxing districts combined (varies by location)
School DistrictsVariesLocal school funding (rate depends on district)
Municipal/TownshipVariesCity or township services if applicable
Special DistrictsVariesFire, library, parks, other local services

Rates shown are for FY 2025 levy year as adopted in the 2025 Budget Order. Actual tax rates vary by specific location within Floyd County based on which taxing districts apply to your property. Contact the Floyd County Assessor's office to determine the exact rate combination for your specific address.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Floyd County, property taxes are due in two installments:

First Installment
May 10
Delinquent after Dec 10
Second Installment
Nov 10
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Floyd County are additional property tax bills issued when there are changes to property ownership, value, or characteristics that occur after the regular assessment cycle. Common triggers include new construction completion, major property improvements, ownership transfers that prompt reassessment, or corrections to previous assessments.

When supplemental taxes are issued, they represent the difference between what was previously assessed and what should have been assessed for the applicable time period. For example, if you complete a home addition mid-year valued at $50,000, you would receive a supplemental tax bill for approximately $634 (based on the county rate of $1.2676 per $100 of assessed value) prorated for the remaining months of the tax year. These supplemental bills are typically due within 30 days of issuance and are separate from your regular May and November property tax payments.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Less: Standard Deduction (if eligible): $48,000
  • Net Taxable Value: $252,000
  • Annual Tax: $3,194 ($252,000 × 1.2676%)
  • Monthly Escrow: $266

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Less: Standard Deduction (if eligible): $48,000
  • Net Taxable Value: $552,000
  • Annual Tax: $6,997 ($552,000 × 1.2676%)
  • Monthly Escrow: $583

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Less: Standard Deduction (if eligible): $48,000
  • Net Taxable Value: $952,000
  • Annual Tax: $12,068 ($952,000 × 1.2676%)
  • Monthly Escrow: $1,006

Note: Standard Deduction and other tax credits require annual application and are not automatically applied. Actual rates may vary based on your property's specific taxing districts.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Floyd County require property tax escrow accounts to ensure timely payment of property taxes. Your lender collects monthly escrow payments along with your mortgage payment, depositing these funds into a separate escrow account. The lender then pays your property taxes directly to Floyd County on the May 10 and November 10 due dates.

Lenders typically conduct annual escrow analyses to ensure adequate funds are collected, and may adjust your monthly payment if property taxes increase or decrease. You should receive an annual escrow statement showing all deposits and payments made on your behalf. If you pay off your mortgage or refinance, verify that property tax payments transition properly to avoid late penalties. Property owners can verify tax payments were made correctly by checking with the Floyd County Treasurer's office or accessing online payment records.

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Section 6

Frequently Asked Questions

Q: When are property taxes due in Floyd County for the current tax year? A: Property taxes are due May 10 and November 10, 2026 for the current tax year. If the due date falls on a weekend or holiday, payment is due the next business day.

Q: What tax credits are available and do they require application? A: Floyd County offers several tax credits including the Standard Deduction (homestead credit), Over-65 Deduction, and others. All credits require annual application and are NOT automatically applied to your tax bill. Contact the Floyd County Assessor's office for application forms and deadlines.

Q: How does the homestead/standard deduction work? A: The homestead credit limits assessment increases rather than reducing market value directly. It requires filing an application with the county assessor and must be renewed periodically. This credit caps how much your assessed value can increase year-over-year.

Q: How often are properties reassessed in Floyd County? A: Properties are assessed annually in Indiana. The Floyd County Assessor reviews property values each year, with assessment notices typically mailed in spring.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the Floyd County Property Tax Assessment Board of Appeals within specified deadlines after receiving your assessment notice. Contact the county assessor's office for appeal forms and procedures.

Q: What are the penalties for late property tax payments? A: Late payments incur penalties and interest charges. Contact the Floyd County Treasurer's office for specific penalty rates and procedures for bringing delinquent accounts current.

Q: Can I pay property taxes online? A: Check with the Floyd County Treasurer's office for available online payment options and accepted payment methods.

Q: Why do tax rates vary within Floyd County? A: Different areas of Floyd County are served by different combinations of taxing districts (school districts, fire districts, library districts, etc.), which results in varying total tax rates depending on your property's specific location.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
2025-2026 budget - Floyd County, Texasco.floyd.tx.us
02
County
2025 Floyd County Budget Orderin.gov
03
Tax Doc
notice of public hearing on tax rate - september 8, 2025co.floyd.tx.us
04
State
Disaster victims in twelve states have automatic extensions ...irs.gov
05
County
Floyd County: Treasurerin.gov
06
County
Floyd County: Assessor's Officein.gov
07
County
Floyd County Property Taxnacdashboard.nara.gov
08
Commissioner of the Revenuefloydcova.gov
09
County
Auditor's Office - Floyd Countyin.gov
10
Floyd - DLGFin.gov
All sources verified as of 2025 Tax Year

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