Properties and Taxes

Shoals offers a mix of affordable homes, rural land, and scenic riverfront properties. With low property taxes and a small-town feel, it’s an attractive option for homeowners, retirees, and investors.

Property Overview

Median Home Price: ~$174,900
Typical Lot Sizes: Ranges from residential lots to 500+ acre rural tracts
Property Value Growth: Median home value rose from $46,900 (2000) to $138,338 (2022)
Appeal: Close to Hoosier National Forest and White River, ideal for nature lovers

Property Taxes

Assessed by: Martin County Assessor | 812-247-2070
Collected by: Martin County Treasurer
Due Dates: May 10 & November 10
Rates:
- ~0.5%–0.7% of home value on average
- Indiana tax caps:
  - 1% for owner-occupied homes
  - 2% for rentals/agricultural
  - 3% for commercial

Tax Deductions & Exemptions

Homestead Deduction: Up to $45,000 off assessed value
Supplemental Deduction: 35%–25% additional reduction
Senior, Veteran, Disability Exemptions available

Tax Sale Info

Properties delinquent 18+ months may go to tax sale (held annually)
Owners have 1 year to redeem the property after sale

Real Estate Office

Shoals doesn’t have a single town-run real estate office. Instead, real estate services are handled by Martin County offices and local private agencies.

Public Real Estate Services

Recorder’s Office
129 Main St, Shoals | 812-247-2420

Access deeds, mortgages, and property history
Records new ownership documents

Assessor’s Office

129 Main St, Shoals | 812-247-2070

Determines property values for tax purposes
Offers property record cards & deduction forms

Treasurer’s Office

129 Main St, Shoals | 812-247-3731

Collects property taxes (due May 10 & Nov 10)
Provides tax clearance info for closings

Private Real Estate Agencies

Local agencies (RE/MAX, Century 21, etc.) serve Shoals and surrounding areas. Services include:

Home & land listings
Market pricing & negotiations
Closing coordination with title companies

Treasurer's Office

The Martin County Treasurer’s Office, led by Treasurer Lori D. Carrico, is located at 129 Main St, Shoals, IN 47581 (P.O. Box 359). It oversees the collection of property taxes for real estate, personal property, and mobile homes across the county, including Shoals. These funds support local services such as schools, roads, and public safety. The office follows Indiana Code (IC 6-1.1) and offers assistance with billing, payments, and tax-related inquiries.

Martin County Treasurer’s Office

Treasurer: Lori D. Carrico
129 Main St, Shoals, IN 47581
Mail: P.O. Box 359, Shoals, IN 47581
812-247-3701 | lcarrico@martincounty.in.gov

Mon–Fri, 8:00 AM–4:00 PM

What We Do

Collect real estate, personal property, and mobile home taxes
Handle tax billing, penalties, and delinquency
Organize the annual tax sale (for unpaid property taxes)

Due Dates

Spring: May 10
Fall: November 10 (Late payments may incur 5–10% penalties)

How to Pay

In Person: Cash, check, card (fees apply)
By Mail: Include payment coupon & return envelope
Online: www.govtechtaxpro.com (2.65% card fee)
Escrow: Contact your mortgage provider

For more information properties and taxes, visit in.gov.