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| Effective Property Tax Rate | ~0.85% |
| County Income Tax | 1.00% (lowest in metro) |
| Combined Income Tax (state + county) | 4.00% |
| Indiana Homestead Deduction | Lesser of 60% AV or $48,000 + 37.5% supplemental |
| Over-65 Credit (2026) | $150 flat credit |
| Over-65 Circuit Breaker | Caps increases at 2%/yr if AGI ≤ $60K single / $70K joint |
Property Tax Worked Example
On a $450,000 home in Hancock County with full homestead deduction:
| Gross Assessed Value | $450,000 |
| Less: Standard Homestead Deduction | ($48,000) |
| Less: Supplemental Homestead (37.5% on $402K) | ($150,750) |
| Net Assessed Value | $251,250 |
| Effective tax at 0.85% | ~$2,135/year |
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Tax Comparison: $400K Home, $80K IRA Income
| County | Property Tax | Income Tax on $80K | Total |
|---|---|---|---|
| Hancock | ~$1,800 | $3,200 | $5,000 ← lowest |
| Hamilton | ~$2,000 | $3,280 | $5,280 |
| Johnson | ~$1,900 | $3,360 | $5,260 |
| Hendricks | ~$1,640 | $3,600 | $5,240 |
Hancock beats all three larger counties by $200–$280/year for this income profile. Over 20 years of retirement, that's $4,000–$5,600 in savings.
Communities in Hancock County
- Gatherings at Aurora (McCordsville, 122 homes, $400K–$600K)
Hancock's 55+ inventory is limited compared to Hamilton, but Gatherings at Aurora is a solid community for buyers prioritizing tax efficiency over selection. Greenfield (county seat) has some age-targeted developments but no major dedicated 55+ master-plans.
How to File
File homestead and over-65 deductions with the Hancock County Auditor's Office (Greenfield) by January 15. Same Indiana statewide framework as the other metro counties.
Explore Hancock County With An Agent
Hancock is the metro's most underexplored 55+ county. We can connect you with an agent who covers McCordsville and the broader Hancock corridor.
Request Agent IntroductionRelated Research
Hamilton County Tax Guide · Three-County Comparison · Gatherings at Aurora · Indiana Income Tax Guide