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County presenter says Indiana homeowners pay among lowest property taxes in surrounding states; farmland values rose sharply from 2022–24
Summary
A presenter at the Vigo County meeting summarized a 50-year Indiana property tax policy review and statistics (based on studies from 2020–2023) showing Indiana median homeowner property tax of $1,550 compared with U.S. median of $3,200 and noting farmland values reached about $10,000 per acre in 2023; presenter explained a six-year rolling average
A county presenter delivered comparative data on property taxes and farmland values, telling the Vigo County budget committee that recent studies (covering roughly 2020–2023) show Indiana homeowners pay lower median property taxes than several neighboring states and that farmland values rose substantially through 2023.
The presenter said the median property tax paid by a homeowner with a mortgage in Indiana was about $1,550, compared with $3,200 nationwide; figures cited for…
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