How are property tax rates determined in Indiana?

Property tax rates in Indiana are set by each taxing district (municipality, school district, park district, library, etc.) based on their annual levy (the amount of tax revenue they need). The rate is calculated by dividing the levy by the total assessed value of all property in the district.

What is the composite tax rate?

The composite tax rate is the sum of all overlapping taxing district rates that apply to a specific property. A typical property may be taxed by several overlapping districts. The composite rate determines your total tax bill when multiplied by your property's assessed value.

Why do tax rates vary within the same town?

Properties within the same municipality can have different composite rates because overlapping districts (school, park, fire, library) have different boundaries. A home in one school district may have a different rate than a home two blocks away in a different school district.

Montpelier, IN

IN DLGF

Showing latest tax year with year-over-year changes. Full rate history available with a paid plan. See products & pricing →

Property Tax — Tax Year 2026 (payable 2027)i

IN DLGF

City/town government levies only. Does not include county, school, library, or township levies. Your total property tax rate will be higher.

Composite Ratei

3.12%–3.44%+3%YoY

Varies by school district

Municipal Portioni

1.3576%+7%YoY41.4% of total

Effective Ratei

3.12%–3.44%

Est. Annual Taxi

$3K–$3K

Median Home Valuei

$86,300

Rate varies by school district. Your actual rate depends on which school district your property falls in.

Rate Trend — click a year to explorei

20252026

Municipal

Other Districts

Where Your Tax Dollar Goesi

$0.32 MONTPELIER - GENERAL

$0.31 JAY COUNTY SCHOOL CORPORATION

$0.29 BLACKFORD COUNTY SCHOOL CORPORATION

$0.25 County - Blackford

$0.08 HARTFORD CITY PUBLIC LIBRARY

$0.07 MONTPELIER - DEBT SERVICE

$0.07 DUNKIRK PUBLIC LIBRARY

$0.03 MONTPELIER PUBLIC LIBRARY

$0.01 MONTPELIER - CUMULATIVE CAPITAL DEVELOPMENT

$0.01 MONTPELIER - MOTOR VEHICLE HIGHWAY

Estimated Tax by Home Valuei

$50K

$1,560–$1,719

$100K

$3,120–$3,438

$150K

$4,680–$5,156

$200K

$6,241–$6,875

$250K

$7,801–$8,594

$300K

$9,361–$10,313

$350K

$10,921–$12,031

Highlighted value is closest to median home value ($86K)

10 Overlapping Taxing Districtsi

MONTPELIER - GENERALi

32.2%1.0563%

JAY COUNTY SCHOOL CORPORATIONUnit K-12

31.2%1.0220%

BLACKFORD COUNTY SCHOOL CORPORATIONUnit K-12

29.1%0.9547%

County - Blackfordi

24.6%0.8080%

HARTFORD CITY PUBLIC LIBRARYi

7.6%0.2499%

MONTPELIER - DEBT SERVICEi

7.1%0.2334%

DUNKIRK PUBLIC LIBRARYi

7.1%0.2329%

MONTPELIER PUBLIC LIBRARYi

2.7%0.0898%

MONTPELIER - CUMULATIVE CAPITAL DEVELOPMENTi

1.5%0.0500%

MONTPELIER - MOTOR VEHICLE HIGHWAYi

0.5%0.0179%