HonestCasa logoHonestCasa
All Tax Guides
Updated 2025 Tax Year

Morgan County
Property Tax Guide

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

9 Official Sources
8 min read
Calculate Your True CostMortgage Calculator
Quick Facts
Tax Rate
~1.63% effective rate countywide, varies significantly by taxing district and location
1st Due
May 10
2nd Due
Nov 10
Exemptions
5+ Available
Section 1

How Property Tax Works

Morgan County, Indiana operates under a property tax system that funds essential local services including schools, county government operations, municipal services, and infrastructure maintenance. Property taxes in Morgan County are calculated using assessed values determined by the County Assessor and applied tax rates that vary significantly by location within the county due to special taxing districts.

The effective property tax rate in Morgan County for 2025 (based on 2024 assessments) is approximately 1.63% countywide, though individual properties may experience different effective rates depending on their specific taxing district, available tax credits, and property type. Property owners should note that tax rates can vary substantially between different areas of the county due to municipal boundaries, school district lines, and special service districts. Most tax credits and deductions require annual application and are not automatically applied to your tax bill.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
Morgan County0.44530%Base county operations, services, and infrastructure
School DistrictsVariesLocal school corporation rates vary by district
Municipal/TownshipVariesCity/town services where applicable
Special DistrictsVariesFire districts, library districts, other special services
TIF District (Martinsville 021)0.00%Tax Increment Financing district
Total Composite Rate1.628%County-wide average for levy year 2025

Note: These rates apply to the 2025 tax year based on 2024 assessments. Actual rates vary by specific taxing district within Morgan County. Properties located in incorporated areas or special service districts will have additional levies that increase the total effective rate.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Morgan 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 Morgan County are additional property tax bills issued when there are changes in property ownership, completion of new construction, or significant improvements that increase assessed value during the tax year. These supplemental bills cover the difference between the previously assessed tax amount and the new tax liability from the effective date of the change through the end of the tax year.

For example, if you complete a home addition valued at $50,000 in July and receive a certificate of occupancy, you would receive a supplemental tax bill for approximately $814 (assuming the 1.628% rate) covering July through December. The supplemental tax is calculated by taking the increase in assessed value, applying the current tax rate, and prorating it for the remaining months in the tax year. These bills are typically issued 30-60 days after the assessor processes the change and are due within 30 days of the issue date.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Less: Homestead Credit (if applicable): -$45,000 (standard deduction)
  • Net Taxable Value: $255,000
  • Annual Tax: $255,000 × 1.628% = $4,151
  • Monthly Payment: $346

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Less: Homestead Credit (if applicable): -$45,000
  • Net Taxable Value: $555,000
  • Annual Tax: $555,000 × 1.628% = $9,035
  • Monthly Payment: $753

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Less: Homestead Credit (if applicable): -$45,000
  • Net Taxable Value: $955,000
  • Annual Tax: $955,000 × 1.628% = $15,551
  • Monthly Payment: $1,296

Note: Homestead and other credits require annual application and are not automatically applied. Senior citizens (65+) may qualify for additional $10,000 deduction. Actual rates may vary based on specific taxing district location.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Morgan County require property tax escrow accounts for borrowers with less than 20% down payment. Your lender collects 1/12 of your estimated annual property tax bill with each monthly mortgage payment and maintains these funds in an escrow account. The lender pays your property taxes directly to Morgan County when they become due, typically in May and November installments.

Your lender will provide an annual escrow analysis statement showing the account activity and any required payment adjustments. If property taxes increase due to reassessment or rate changes, your monthly escrow payment will be adjusted accordingly. Property owners are responsible for verifying that taxes are paid correctly and on time, even when using escrow services. You can verify payments through the Morgan County Treasurer's online portal or by contacting the Treasurer's office directly.

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 property taxes due in Morgan County for 2025? A: Property taxes are typically due in two installments - May 10th and November 10th for the 2025 tax year. Contact the Morgan County Treasurer for exact dates.

Q: What tax credits are available and do I need to apply? A: Key credits include Homestead Credit (requires application), Senior Citizen Credit for those 65+ (additional $10,000 deduction, requires application), and various other credits. Most credits are NOT automatic and require annual application with the County Assessor.

Q: How does the Homestead Credit work? A: The Homestead Credit provides property tax relief for primary residences and caps assessment increases, not market value. You must apply with the County Assessor and the property must be your permanent residence as evidenced by voter registration, driver's license, etc.

Q: Can mobile home owners get the Homestead Credit? A: Yes, mobile home owners may apply for Homestead Credit if the mobile home is their full-time, permanent residence as evidenced by where the taxpayer files tax returns and maintains voter registration.

Q: When are properties reassessed in Morgan County? A: Indiana conducts annual assessments with trending adjustments. Major reassessments occur periodically. Contact the Morgan County Assessor for current assessment schedules and appeal deadlines.

Q: What are the penalties for late payment? A: Late payments typically incur penalties and interest charges. Contact the Morgan County Treasurer for current penalty rates and payment grace periods.

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

Q: How do special district taxes affect my bill? A: Special districts (fire, library, municipal services) add additional levies to your base county rate. Your location determines which special districts apply to your property, creating rate variations throughout the county.

Verified Sources

Backed by 9 Official Government Sources

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

01
County
Itemized Property Tax Information - Auditor - Morgan Countyauditor.morgancounty55.us
02
County
2025 Morgan County Tentative Multiplier Announcedillinois.gov
03
County
Tax Rates for County: Morganauditor.mo.gov
04
County
Deductions / Morgan County, Indiana - IN.govmorgancounty.in.gov
05
Homestead Exemptionsmorgancountyga.gov
06
minutes of morgan city council work meeting - mayor and ...morganutah.gov
07
County
Morgan County: Property Tax Calculation - Auditorauditor.morgancounty55.us
08
County
Taxation - Morgan County, Indiana - IN.govmorgancounty.in.gov
09
Morgan - DLGFin.gov
All sources verified as of 2025 Tax Year

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Run Your ScenarioTry Calculator

Free • No credit check • 2-minute estimate