Indiana · County property tax · ACS 2024
Putnam County Property Taxes
The median homeowner in Putnam County pays $1,042 a year, an effective rate of 0.48%, well below the U.S. average.
- $1,042
- Median tax / yr · Low bill
- 0.48%
- Effective rate · Low rate
- -48%
- vs U.S. average
- #87 of 92
- rank in IN
The verdict
Homeowners in Putnam County pay a median $1,042 a year in property tax, an effective rate of 0.48%, more affordable than 85% of U.S. counties (Census ACS 2024).
- $1,042
- Median annual tax bill, 2024
- 0.48%
- Effective rate on median home
- #459 of 3135
- U.S. counties by tax burden
- -48%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($218,900). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Indiana. Population: 37,280. Owner-occupied homes: 10,663.
The median annual property tax in Putnam County is $1,042, which is 35% lower than the Indiana state average and 48% below the national average. The effective tax rate is 0.48% on a median home value of $218,900. Property taxes represent 1.3% of the median household income in this county.
Putnam County's rate standing among U.S. counties
Primary signal
The effective rate sits near the national middle
Putnam County's 0.48% effective rate sits near the middle of 3,135 tracked counties (more affordable than 85%).
Decision signal 2
The bill sits well below the national median
Homeowners in Putnam County pay a median annual property tax of $1,042, well below the national median and well below the Indiana state median. On a $218,900 median home, that works out to an effective rate of 0.48% once the local assessment base and millage are combined.
Decision signal 3
High among Indiana counties by effective rate
Putnam County ranks #87 of 92 counties in Indiana by effective rate (5% of in-state counties pay a lower rate).
Decision signal 4
Income carries a light tax share
Property taxes in Putnam County run well below the commonly cited 2%-4% national benchmark, at about 1.3% of the $78,378 median household income.
Informational notice
Figures describe the median homeowner household in Putnam County as reported to the Census Bureau; your parcel can differ. Not tax, legal, or financial advice: check the county assessor or a qualified professional before decisions that depend on these numbers.
Most of the market's rise reached the bill
The effective rate here moved 10.9% down between 2020 and 2024, a smaller shift than in 56% of U.S. counties. With the median home value rose 51.1%, the median bill rose 34.6% to $1,042: the rate did comparatively little to offset the market.
Effective rate is the published median bill divided by the published median home value, so the two multiply back to the bill exactly; the rate's movement here is derived from those two figures rather than read from the rounded published rate. Both are ACS 5-year survey estimates for the median owner-occupied household, compared across non-overlapping releases. They describe what the Census published, not a local policy, assessment, or exemption change.
How to read this county's bill
The bill here climbed steeply over 2020-2024, up 35% from $774 to $1,042. These ACS medians describe the reported change; they do not identify whether a levy, assessment, home value, or change in the responding households caused it.
The largest reported group here falls at the bottom of the national range: 3,756 of 10,663 owner-occupied homes (35.2%) report annual real-estate taxes under $800. This distribution describes reported owner-occupied homes, not an affordability judgment for any property.
The most forgiving PAIRING in the data, top-quartile household income with a bottom-quartile effective rate, puts the median bill at 1.3% of median household income. Home values still drive the dollar figure, which is why the ratio above varies widely among counties that share this position.
The share above is the median annual bill divided by median household income, a ratio of two county-level medians rather than a household-by-household figure.
What Putnam County Homeowners Actually Pay
The single largest group of Putnam County homeowners, 3,756 of 10,663 owner-occupied homes (35.2%), pays less than $800 a year. The median is one point in this spread, not a typical bill.
- Less than $800 35.2% (3,756)
- $800 to $1,499 30.5% (3,254)
- $1,500 to $1,999 13.8% (1,469)
- $2,000 to $2,999 10.3% (1,095)
- $3,000 or more 7.3% (776)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
313 homes here (2.9%) report no real estate tax at all. Exemptions are set by state: how Indiana handles assessments and appeals.
With vs Without Mortgage
In Putnam County, mortgaged homeowners pay 12% more than those without a mortgage, a gap that typically tracks higher home values rather than a different tax rate.
Putnam County's effective rate vs peers
Effective property tax rate (median tax ÷ median home value), ACS 2024.
Putnam County's effective rate is higher than 5% of the 92 counties in Indiana - ranking #87 of 92.
Where Putnam County sits among every U.S. county
Effective property tax rate (median tax ÷ median home value)
0.48% Among the most affordable more affordable than 85% of 3,135 U.S. counties
Show national distribution
Each bar is a band; taller bars hold more U.S. counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2024
What changed since 2020
The median bill in Putnam County moved from $774 in the 2020 release to $1,042 in 2024, a change of about 35%. These are American Community Survey 5-year estimates compared across releases that share only one sample year, which is why this page never compares consecutive releases: those overlap in four years of the same households and move mostly on sampling.
Putnam County vs Benchmarks
| Metric | Putnam County | Indiana Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax Low bill | |||
| Effective Tax Rate Low rate | |||
| Median Home Value | |||
| Tax as % of income Light income burden | 1.3% | - | - |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Putnam County is QUIET · LIGHT on ACS medians, still verify your parcel card before quoting the county figure. Estimate appeal savings · Indiana counties.
Putnam County rate trail · QUIET
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $1,042 +6.5% | 0.48% |
| 2023 | $978 +6.2% | 0.48% |
| 2022 | $921 +12.3% | 0.52% |
| 2021 | $820 +5.9% | 0.53% |
| 2020 | $774 | 0.53% |
Each row is a separate ACS 5-year release, and consecutive releases share four of their five survey years. The percentage beside each bill is therefore movement in the published estimate against the previous release, not a single year's tax change. The two releases largely describe the same households. For change over time, compare releases that do not overlap.
Putnam County: tax takes only 1.3% of income
Counties near Putnam County's effective rate
On effective rate, Putnam County sits nearest Minidoka County (ID), Madison County (ID), Jefferson County (CO).
On published median-tax change, the nearest matches are Lewis County (WA), Greeley County (NE), Wise County (TX).
How peers are chosen
These are the nearest cross-state matches in the published Census data, not neighboring counties or recommendations. Peers are rebuilt with each data release; see the calculation method.
Similar effective rates
Similar published median-tax changes, 2020–2024
Putnam County: only 3% of returns show Schedule A real-estate tax
Tax year 2022: 470 of 16,950 returns from Putnam County reported real estate taxes, averaging $2,138 - 40% of those reporters sat in the $100-200k AGI band.
What this IRS county file does not say
Amounts are reported before the SALT cap, not deducted; the share is of filers, not homeowners. Source: IRS SOI county data, tax year 2022.
Other Counties in Indiana
Putnam County rate FAQs
- What is the tax affordability score for Putnam County?
- Putnam County, Indiana scores A- (80/100) on PlainPropertyTax's tax affordability composite across 5 Census ACS dimensions (effective rate, bill size, income share, mortgage gap, and home-value/income). Its strongest scored dimension here is income room at A (1.3%). The score compares published county medians to U.S. percentiles, it is not a personal bill and not advice to buy, sell, appeal, or relocate.
- How does Putnam County property tax compare to the national average?
- Property taxes in Putnam County run well below the national median of $1,993, an effective rate of 0.48% versus 0.92% nationally.
- What is the average property tax in Putnam County, Indiana?
- The median annual property tax in Putnam County is $1,042, an effective rate of 0.48% on a $218,900 median home (Census ACS, 2024).
- What percentage of income goes to property taxes in Putnam County?
- Property taxes in Putnam County run well below the commonly cited 2%-4% national benchmark, at about 1.3% of the $78,378 median household income.
- Are property taxes increasing in Putnam County?
- The ACS median property-tax bill for Putnam County jumped 34.6% between the 2020 and 2024 5-year releases, from $774 to $1,042, a 4-year span. These are survey estimates covering five years each, so this compares the two releases furthest apart rather than consecutive ones, which overlap and would mostly measure the same households twice.
What to do with Putnam County's QUIET rate
Putnam County's $1,042 median bill sits well below the U.S. median - still size a parcel estimate; local millage and exemptions move the real bill. Estimate your bill →
Income burden is light here: about 1.3% of Putnam County's $78,378 median household income goes to the property-tax bill.
Nationwide peers by effective rate (then bill)
Rate-first peers for Putnam County's QUIET effective rate, then a disjoint out-of-state bill set so the two neighborhoods stay distinct.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.48%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $1,042/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Putnam County
Nearest ABS(median_tax) ACS peers for Putnam County (QUIET · LIGHT), replacing the old fixed Keep exploring strip.
QUIET LIGHT
Anderson County, SC
ABS(median_tax) peer · $1,043/yr (near-tied bill ABS $1); rate 0.45% vs Putnam County 0.48%.
Greene County, NC
ABS(median_tax) peer · $1,041/yr (near-tied bill ABS $1); rate 0.89% vs Putnam County 0.48%.
Cedar County, MO
ABS(median_tax) peer · $1,044/yr (near-tied bill ABS $2); rate 0.62% vs Putnam County 0.48%.
George County, MS
ABS(median_tax) peer · $1,044/yr (near-tied bill ABS $2); rate 0.63% vs Putnam County 0.48%.
Indiana county set
State ACS overview for every published Indiana county rate and median bill.
Assessment cycle basics
Putnam County stamps QUIET · LIGHT - how assessed value and millage become the ACS median bill.
Data vintage and method
Data as of 2024. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates.
Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.
Source: U.S. Census Bureau American Community Survey 5-Year Estimates, county median real-estate taxes · 2024 Putnam County (QUIET · LIGHT) - ACS medians, not a parcel bill.