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Property Tax — Tax Year 2026 (payable 2027)i
City/town government levies only. Does not include county, school, library, or township levies. Your total property tax rate will be higher.
Composite Ratei
3.95%–4.86%-5%YoY
Varies by school district
Municipal Portioni
2.5707%-7.1%YoY58.4% of total
Effective Ratei
3.95%–4.86%Median Home Valuei
$97,800Rate varies by school district. Your actual rate depends on which school district your property falls in.
Rate Trend — click a year to explorei
20252026
Where Your Tax Dollar Goesi
$0.32 FRANKTON-LAPEL COMMUNITY SCHOOL CORP $0.31 ELWOOD COMMUNITY SCHOOL CORPORATION $0.30 ANDERSON COMMUNITY SCHOOL CORPORATION $0.22 ALEXANDRIA COMMUNITY SCHOOL CORPORATION $0.18 SOUTH MADISON COMMUNITY SCHOOL CORP $0.06 ELWOOD - LEASE RENTAL PAYMENT $0.06 ANDERSON-ANDERSON, STONEY CREEK UNION TO $0.06 ELWOOD - MOTOR VEHICLE HIGHWAY $0.04 ALEXANDRIA-MONROE PUBLIC LIBRARY $0.04 ELWOOD - CAPITAL IMPROVEMENT BOND $0.03 NORTH MADISON COUNTY LIBRARY SYSTEM $0.02 PENDLETON COMMUNITY PUBLIC LIBRARY $0.01 ELWOOD - CUMULATIVE CAPITAL DEVELOPMENT Estimated Tax by Home Valuei
Highlighted value is closest to median home value ($98K)
16 Overlapping Taxing Districtsi
ELWOOD - GENERALi
36.6%1.6122%
FRANKTON-LAPEL COMMUNITY SCHOOL CORPUnit K-12
32.1%1.4115%
ELWOOD COMMUNITY SCHOOL CORPORATIONUnit K-12
30.7%1.3498%
ANDERSON COMMUNITY SCHOOL CORPORATIONUnit K-12
30.2%1.3282%
ALEXANDRIA COMMUNITY SCHOOL CORPORATIONUnit K-12
22.1%0.9732%
SOUTH MADISON COMMUNITY SCHOOL CORPUnit K-12
17.7%0.7777%
County - Madisoni
13.7%0.6011%
ELWOOD - LEASE RENTAL PAYMENTi
6.4%0.2801%
ANDERSON-ANDERSON, STONEY CREEK UNION TOi
6.2%0.2723%
ELWOOD - MOTOR VEHICLE HIGHWAYi
6%0.2630%
ELWOOD - PARKi
4.7%0.2081%
ALEXANDRIA-MONROE PUBLIC LIBRARYi
4.2%0.1836%
ELWOOD - CAPITAL IMPROVEMENT BONDi
3.6%0.1575%
NORTH MADISON COUNTY LIBRARY SYSTEMi
2.7%0.1188%
PENDLETON COMMUNITY PUBLIC LIBRARYi
1.7%0.0764%
ELWOOD - CUMULATIVE CAPITAL DEVELOPMENTi
1.1%0.0498%
