Property tax in Montgomery County, Indiana

By Brent Chudoba, editor Updated September 23, 2026

The median property tax bill in Montgomery County, Indiana is $1,116 a year, which is about 0.65% of the county's median home value of $171,800. That effective rate is lower than the typical Indiana county (0.66%) and lower than the national median (0.81%). These are American Community Survey 5-year estimates (2024); your own bill depends on your home's assessed value and any exemptions.

Estimate the property tax on a home in Montgomery County

Enter a home's market value for a ballpark at Montgomery County's average effective rate of 0.65% (Census). The real bill depends on the home's assessed value, the millage where it sits and any exemptions.

Home market value

Estimated property tax: $1,117 / year

Property tax in Montgomery County at a glance

Montgomery County, Indiana property tax (Census ACS, reviewed September 23, 2026)
Measure	Value
Median annual property tax	$1,116
Median home value	$171,800
Effective tax rate	0.65%
Typical Indiana county rate	0.66%
National median county rate	0.81%

Effective rate = median real estate taxes paid divided by median home value. Source: U.S. Census Bureau, American Community Survey 5-year estimates.

How does Montgomery County compare in Indiana?

Among Indiana's 92 counties, Montgomery County has the 48th highest effective property-tax rate: 47 rank higher and 44 rank lower. That is near the middle for Indiana. Nationally, it ranks 2069th of 3135 US counties by effective rate. See every Indiana county ranked.

How much do homeowners in Montgomery County actually pay?

The median is only the middle bill. Across Montgomery County's 12,524 owner-occupied homes, 8.8% pay $3,000 or more a year in property tax, 19.6% pay at least $2,000, and 34.3% pay under $800. Another 3% report paying no property tax at all, which usually means an exemption covers the whole bill.

Annual property tax paid by Montgomery County homeowners (Census ACS 2020-2024)
Annual bill	Homes	Share
Under $800	4,299	34.3%
$800 to $1,499	3,724	29.7%
$1,500 to $1,999	1,663	13.3%
$2,000 to $2,999	1,358	10.8%
$3,000 or more	1,099	8.8%
No property tax paid	381	3%

Owners with a mortgage pay a median of $1,174 and owners without one pay $995. Owners who have paid off a home have usually held it longer, and in states that cap how fast an existing owner's assessment can rise, long-held homes carry lower assessed values. Census table B25103.

How does the Montgomery County property tax bill compare with local incomes?

The median property tax bill of $1,116 is about 1.3% of the median income of Montgomery County homeowner households, $84,140 a year. That compares two middles, so a retiree in a long-held home can pay a far larger share. 80.3% of Montgomery County's occupied homes are lived in by their owners; renters pay property tax too, just folded into rent.

Have property taxes gone up in Montgomery County?

Yes. The median bill went from $557 in 2015-2019 to $1,116 in 2020-2024, a 100.4% rise. Over the same span the median home value moved 36.7%, from $125,700 to $171,800. Bills rose faster than values, which usually means local rates went up or an exemption shrank.

Two Census ACS 5-year periods with no survey years in common, in each period's own dollars. A change counts only if it exceeds the combined 90% margin of error.

Property tax in counties next to Montgomery County

Montgomery County borders 7 counties.

Montgomery County and its neighbors, highest effective rate first (Census ACS 2020-2024)
County	Effective rate	Median bill	Median home value
Hendricks County, IN	0.81%	$2,482	$307,600
Boone County, IN	0.78%	$2,919	$376,200
Montgomery County, IN (this county)	0.65%	$1,116	$171,800
Tippecanoe County, IN	0.62%	$1,474	$239,300
Clinton County, IN	0.6%	$980	$164,100
Fountain County, IN	0.59%	$849	$143,400
Parke County, IN	0.49%	$735	$151,200
Putnam County, IN	0.48%	$1,042	$218,900

How is a home assessed in Montgomery County?

Indiana assesses homes at 100% of market value in every county, Montgomery County included. How Indiana assesses and reappraises homes.

Is there a homestead exemption in Montgomery County?

Yes, but it is shrinking. Indiana's homestead standard deduction is $40,000 for assessment year 2026 and reaches $0 from 2030; a bill paid in 2026 reflects the $48,000 figure. That is the Indiana rule, and it applies in Montgomery County. Indiana's exemptions and relief programs in full.

When are property taxes due in Montgomery County?

Two installments, customarily due May 10 and November 10 of the year after the January 1 assessment, moving to the next business day when they fall on a weekend. One statement covering both is mailed in spring. Late payment costs 5% within 30 days, 10% after.

Indiana splits the bill into 2 installments. That is the Indiana rule. Montgomery County issues and collects the bill, so the dates printed on your statement are the ones that bind you.

How to appeal your Montgomery County property assessment

You contest the assessed value with the County or township assessor, then the Property Tax Assessment Board of Appeals, then the Indiana Board of Tax Review. The filing deadline is typically June 15 of the assessment year if your Form 11 notice was mailed before May 1, otherwise June 15 of the year the bill was mailed. That is the Indiana rule; Montgomery County sets the exact dates and forms. The Indiana appeal process step by step.

Indiana rules from primary state sources, reviewed September 7, 2026; sources on the Indiana page.

Work out your own numbers

Sources

Median real estate taxes paid and median home value for Montgomery County, Indiana: U.S. Census Bureau, American Community Survey 5-year estimates (2020-2024), tables B25103, B25077, B25102, B25119 and B25003; the five-year comparison uses the 2015-2019 estimates. Neighboring counties: Census county adjacency file.