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.

Garrett, IN Property Tax Rate 2026 — Full Breakdown by District

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

1.3655%+38.8%YoY

Municipal Portioni

1.3655%+38.8%YoY100% of total

Effective Ratei

1.37%

Est. Annual Taxi

$2K$175/mo

Median Home Valuei

$154,200

Rate Trend — click a year to explorei

20252026

Municipal

Other Districts

Where Your Tax Dollar Goesi

$0.24 GARRETT - Garrett 013

$0.24 GARRETT - GENERAL

$0.24 GARRETT - MOTOR VEHICLE HIGHWAY

$0.08 GARRETT - SPECL FIRE PROTECTION TERRITORY GENERAL

$0.08 GARRETT - Keyser 011

$0.04 GARRETT - PARK & RECREATION

$0.04 GARRETT - CUMULATIVE CAPITAL DEVELOPMENT

$0.02 GARRETT - SPECL FIRE PROTECTION TERRITORY EQUIPMENT REPLACE

$0.01 GARRETT - REDEVELOPMENT - GENERAL

Estimated Tax by Home Valuei

$50K

$228

$19/mo

$100K

$455

$38/mo

$150K

$683

$57/mo

$200K

$910

$76/mo

$250K

$1,138

$95/mo

$300K

$1,365

$114/mo

$350K

$1,593

$133/mo

Highlighted value is closest to median home value ($154K)

9 Overlapping Taxing Districtsi

GARRETT - Garrett 013i

24.2%0.3308%

GARRETT - GENERALi

24.2%0.3308%

GARRETT - MOTOR VEHICLE HIGHWAYi

23.8%0.3250%

GARRETT - SPECL FIRE PROTECTION TERRITORY GENERALi

8.4%0.1151%

GARRETT - Keyser 011i

8.4%0.1151%

GARRETT - PARK & RECREATIONi

4.2%0.0571%

GARRETT - CUMULATIVE CAPITAL DEVELOPMENTi

3.7%0.0500%

GARRETT - SPECL FIRE PROTECTION TERRITORY EQUIPMENT REPLACEi

2.4%0.0333%

GARRETT - REDEVELOPMENT - GENERALi

0.6%0.0083%