Putnam County – Local Property Tax Table
Local property taxes in Indiana are paid in arrears. The rates listed are per $100 of Assessed Value. The assessed value on real estate is based in part on market value. The assessed value on business personal property is based on depreciated cost. Indiana uses the federal depreciation pools with a floor of 30% of cost. The tables do not include any special conservancy district rates that may apply to individual properties within the designated conservancy district.
Local property tax rates include the county rate, certain school district rates, library rate, township rate, and fire protection district rates, if applicable. Rates for incorporated areas also include the municipal rate.
Indiana has adopted maximum property tax caps as part of the state constitution. The caps equal 1% of gross assessed value of owner occupied homes, 2% of the gross assessed value of residential rental real estate, and 3% of the gross assessed value of commercial, business, and industrial real estate.
Users of the table are advised to check current state law in regard to how property taxes may impact their individual or business situation.
| Taxing District | Tax Rate | |||
School District |
2011 pay 2012 |
2012 pay 2013 |
2013 pay 2014 |
|
Incorporated Communities |
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| Bainbridge Town | North Putnam | $1.9070 | $1.9773 | $1.9957 |
| Cloverdale Town (Cloverdale Township) | Cloverdale | $1.9819 | $2.2184 | $2.1178 |
| Cloverdale Town (Warren Township) | South Putnam | $2.1329 | $1.9962 | $2.2218 |
| Fillmore Town | South Putnam | $2.0370 | $1.9056 | $2.1137 |
| Greencastle City | Greencastle | $2.2393 | $2.3761 | $2.2535 |
| Roachdale Town | North Putnam | $1.8820 | $1.9647 | $1.9828 |
| Russellville Town | North Putnam | $1.5607 | $1.6090 | $1.6145 |
Unincorporated Areas |
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| Clinton Township | North Putnam | $1.0931 | $1.1208 | $1.1145 |
| Cloverdale Township | Cloverdale | $1.5798 | $1.7858 | $1.6527 |
| Floyd Township | North Putnam | $1.0674 | $1.0975 | $1.0706 |
| Franklin Township | North Putnam | $1.1022 | $1.1229 | $1.0955 |
| Greencastle Township | Greencastle | $1.3900 | $1.4713 | $1.5191 |
| Jackson Township | North Putnam | $1.0674 | $1.0897 | $1.0616 |
| Jefferson Township | South Putnam | $1.7726 | $1.5774 | $1.7701 |
| Madison Township | Greencastle | $1.4203 | $1.4809 | $1.5467 |
| Marion Township | South Putnam | $1.7546 | $1.5623 | $1.7548 |
| Monroe Township | North Putnam | $1.0824 | $1.1062 | $1.1054 |
| Russell Township | North Putnam | $1.0360 | $1.0604 | $1.0412 |
| Warren Township | South Putnam | $1.7539 | $1.5534 | $1.7497 |
| Washington Township | South Putnam | $1.7797 | $1.5868 | $1.7804 |
More information about local property taxes can be found at the Indiana Department of Local Government website – CLICK!
Information presented here is not to be considered accounting or legal advice. Please check with your accounting and legal advisors to determine how Indiana’s property tax law may impact your situation.
Updated 01/2014