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Carmel City Tax Rate Drops Again; 11th Lowest in State

Carmel City Tax Rate Drops Again; 11th Lowest in State

Post Date:01/15/2019 8:00 AM

Carmel, Indiana: A Partnership for Tomorrow

City of Carmel
Carmel.in.gov
One Civic Square
Carmel, IN 46032


NEWS RELEASE

Date:                January 15, 2019
Contact:          Nancy Heck (317) 571-2494
Release:          Immediate


Carmel City Tax Rate Drops Again; 11th Lowest in State

Carmel, IN – Carmel taxpayers will once again pay lower city taxes in 2019 and a new comparison report shows that the City of Carmel’s tax rate remains among the lowest of any city in Indiana. The City tax rate in 2019 will be $0.7886 per $100 assessed valuation, which adds up to a $0.0001 tax rate decrease.

According to final figures released by the State of Indiana, Carmel now has the 11th lowest tax rate out of 118 cities across the State of Indiana. Carmel’s city tax rate is roughly 50 percent less than the average city tax rate among all Indiana cities ($1.6093).

“This is good news for our residents and taxpayers who will continue to enjoy the benefits of living in a safe, growing City that invests wisely and prudently without imposing higher local taxes,” said Mayor Jim Brainard. “Our fiscally conservative approach to smart public investments that serve to spur private investment has helped attract the corporate tax base that continues to benefit our local property taxpayers.”

Graphic presentation of this report.


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