New Market property tax rate

Montgomery County, Indiana · 2026 rates

Combined rate, 2026

2.0141to2.1065per $100 of assessed value, depending on where in New Market the property is

3 tax areas · 5+ taxing units each

Why the rate depends on the address

An Indiana property is taxed by every unit its tax district covers: the county, the township, the city or town if it's in one, the school corporation, the library and any special districts. New Market spans more than one combination of these, so this page shows each one.

Your tax bill, or your county's appraisal or assessment office, lists the units for your property.

How New Market compares

  • New Market's lowest combined rate, 2.0141 per $100, is above the Montgomery County median of 1.7999 and above the Indiana median of 1.7805.
  • In its New Market Scott area, the combined rate fell 4.6% from 2022 (2.1115) to 2026 (2.0141).
  • Rates across New Market's 3 tax districts differ by 0.0924 per $100, so the address matters.

Medians are of the lowest combined rate in each place, across 22 places in Montgomery County. Percent changes compare two published rates; a rate change isn't the same as a bill change, because values change too.

What's in the rate

New Market Brown

Taxing unitRateShare
Montgomery CountyCounty 0.502324%
Brown TownshipTownship 0.01571%
Town of New MarketCity or town 0.541726%
South Montgomery Community School CorpSchool district 0.962346%
Waveland Public LibraryLibrary 0.08454%
CombinedTotal as published 2.1065100%

New Market Scott

Taxing unitRateShare
Montgomery CountyCounty 0.502325%
Scott TownshipTownship 0.00780%
Town of New MarketCity or town 0.541727%
South Montgomery Community School CorpSchool district 0.962348%
CombinedTotal as published 2.0141100%

New Market Union

Taxing unitRateShare
Montgomery CountyCounty 0.502324%
Union TownshipTownship 0.02321%
Town of New MarketCity or town 0.541726%
South Montgomery Community School CorpSchool district 0.962346%
Crawfordsville Public LibraryLibrary 0.07694%
CombinedTotal as published 2.1064100%

Rates are per $100 of assessed value. Shares show how much of the combined rate each unit makes up.

Estimate your 2026 bill

Use the net assessed value from your notice, after deductions such as the homestead deductions.

Estimated annual tax before unit-specific exemptions

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Indiana caps a bill at 1% of gross assessed value for a homestead, 2% for other residential property and farmland, and 3% for other property. If this estimate is above your cap, expect the cap instead.

Combined rate by year

Tax district2022202320252026
New Market Brown2.22932.17142.14312.1065
New Market Scott2.11152.0692.0532.0141
New Market Union2.26592.21892.15572.1064

Combined rate per $100 of assessed value, as published for each year. A dash means no rate is on file for that year, or the district changed.

Places in Montgomery County with similar rates

See all 22 places in Montgomery County →

How property tax works in Indiana

Our Indiana property tax guide covers how assessments and rates work, when bills are due, relief programs and how to appeal.

Where these rates come from

Source: Indiana Department of Local Government Finance, 2026 Certified Tax Rates by District. Retrieved 2026-10-27.

Rates are shown exactly as published. Where the state doesn't publish a combined total, the combined figure is the sum of the published unit rates and is labelled that way. Spotted an error? Email [email protected].