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Updated 2025 Tax Year

Monroe County
Property Tax Guide

Everything you need to know about property taxes in Monroe 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
~2.35% effective rate for Monroe Town-Monroe Township, varies significantly by township and taxing districts
1st Due
May 10
2nd Due
Nov 10
Exemptions
5+ Available
Section 1

How Property Tax Works

Monroe County, Indiana operates under the state's property tax system to fund essential local services including schools, roads, public safety, and county operations. Property taxes are assessed annually and collected in two installments, providing critical revenue for the county and various special taxing districts within its boundaries.

The effective tax rate in Monroe County for 2025 is approximately 2.3452% for Monroe Town-Monroe Township, though actual rates vary significantly by location within the county due to different combinations of school districts, fire districts, library districts, and other special taxing units. Property owners should verify their specific rate based on their exact location and applicable taxing districts, as rates can differ substantially between townships and municipalities within Monroe County.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County GeneralVariesBasic county operations and services
School DistrictsVariesLocal school corporations and operations
TownshipVariesTownship-specific services and administration
Library DistrictsVariesPublic library systems and services
Fire DistrictsVariesFire protection and emergency services
Special DistrictsVariesDrainage, parks, and other special services
Total Effective Rate~2.3452%Combined rate for Monroe Town-Monroe Township (FY 2025)

Note: These rates apply to the 2025 levy year and vary by specific location within Monroe County. Property owners receive tax bills showing their exact rate breakdown based on applicable taxing districts. Rates are subject to annual adjustment based on approved budgets and assessed valuations.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Monroe 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 Monroe County are additional property tax assessments that occur when there are changes to property ownership, improvements, or corrections to the original assessment during the tax year. These most commonly arise from new construction, major renovations, or property transfers that trigger a reassessment of the property's value.

Supplemental taxes are calculated by applying the current tax rate to the difference between the new assessed value and the original assessed value, prorated for the portion of the tax year remaining after the change occurred. For example, if a $100,000 home addition is completed in January and increases the assessed value by $80,000, the supplemental tax would be approximately $1,876 ($80,000 × 2.3452%) for that tax year. Property owners can find supplemental forms on the Indiana Department of Local Government Finance (DLGF) website and must file a Personal Property Change Notice for any relevant changes.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Standard Deduction (if applicable): -$45,000
  • Net Taxable Value: $255,000
  • Annual Tax: $255,000 × 2.3452% = $5,980
  • Monthly Escrow: $498

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Homestead Credit (if applied for): Variable reduction
  • Net Taxable Value: ~$580,000
  • Annual Tax: $580,000 × 2.3452% = $13,602
  • Monthly Escrow: $1,134

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Available Credits (if applied for): Variable reduction
  • Net Taxable Value: ~$980,000
  • Annual Tax: $980,000 × 2.3452% = $22,989
  • Monthly Escrow: $1,916

Note: Tax credits require separate applications and are not automatically applied. Actual calculations depend on specific property location and applicable taxing districts within Monroe County.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Monroe County require property tax escrow accounts to ensure timely payment of property taxes. Lenders collect approximately 1/12th of the annual tax bill with each monthly mortgage payment, holding these funds in a separate escrow account. The lender then pays the county directly when taxes are due on May 10th and November 10th each year.

Property owners should verify that their lender has current tax information and is collecting adequate escrow amounts, especially after reassessments or rate changes. Indiana law requires lenders to provide annual escrow account statements showing deposits, payments, and account balances. If taxes increase significantly, lenders may require additional escrow payments or adjust monthly collections. Property owners can request copies of tax payments from their lenders and should monitor their Monroe County tax statements to ensure accurate payment and proper credit application.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Monroe County property taxes due? A: Property taxes are due in two installments: May 10th and November 10th. If these dates fall on a weekend or holiday, they are due the next business day. For 2025, the due dates were May 12th and November 10th.

Q: What tax credits are available and do I need to apply? A: Indiana offers various tax credits including homestead credits, over-65 deductions, and disabled veteran exemptions. Most credits require separate applications filed with the Monroe County Assessor's office and are NOT automatically applied to your tax bill.

Q: How does the homestead credit work? A: The homestead credit caps the annual increase in assessed value for your primary residence, typically limiting growth to a specific percentage. You must file an application with the county assessor to receive this credit - it is not automatic and must be renewed as required.

Q: When are properties reassessed in Monroe County? A: Indiana conducts annual assessments with comprehensive reappraisals occurring periodically. Property owners receive assessment notices and have the right to appeal if they believe the assessed value is incorrect.

Q: What are the penalties for late payment? A: Late payments incur penalties and interest charges. The exact penalty structure varies, but typically includes a percentage fee plus monthly interest on the unpaid balance.

Q: Can I pay my property taxes online? A: Yes, Monroe County offers online payment options through their official website. Payment methods typically include electronic check and credit card options, though credit card payments may include processing fees.

Q: Why did my tax bill change if my property value stayed the same? A: Tax bills can change due to rate adjustments by various taxing districts (schools, fire departments, libraries) even when assessed values remain constant. Special district taxes and approved levies can increase your total rate.

Q: How do I apply for property tax credits or exemptions? A: Applications must be filed with the Monroe County Assessor's office. Contact their office directly for specific forms, deadlines, and eligibility requirements, as most benefits require annual or periodic reapplication.

Verified Sources

Backed by 10 Official Government Sources

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

01
County
Monroe County: Tax Rates & Tax Calculatorin.gov
02
Treasurer's Officemonroecountyil.gov
03
NEXT YEAR / CURRENT YEAR BUDGET ANALYSISwebsterny.gov
04
County
Monroe County: FAQsin.gov
05
County
Online Property Tax Payment - Monroe Countyin.gov
06
Tax Doc
Treasury / Property Taxmonroecounty.gov
07
Tax Doc
APPLICATION FOR PROPERTY TAX EXEMPTION FORM ...in.gov
08
tof monromonroecounty.gov
09
Tax Doc
Veterans Property Tax Breaksmonroecounty.gov
10
County
Property Tax Assessment - Monroe Countyin.gov
All sources verified as of 2025 Tax Year

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