Hamilton County Growth Continues

https://www.chacompanies.com/news/chas-96th-street-and-keystone-parkway-project-awarded-indy-chamber-monumental-award/

Fishers has overtaken Carmel to become the largest city. Westfield is growing at the fastest percentage rate, with Noblesville close behind.

The county continues to add about 7,000 people each year to its base of 360,000, the fourth largest county in Indiana.

https://www.census.gov/data/datasets/time-series/demo/popest/intercensal-2000-2010-cities-and-towns.html

https://www.stats.indiana.edu/population/sub_cnty_estimates/2020/e2020_townships.asp

The net assessed valuation for property taxes has grown in line with the population, with faster growth in the last 5 years.

Property values have grown less rapidly, but still significantly, on an inflation adjusted basis.

https://fred.stlouisfed.org/series/CPIAUCSL#0

The real property value per person has remained roughly flat as the county has grown during the last decade. Carmel has higher real estate values and Noblesville has lower real estate values.

Real estate taxes levied by the county itself increased for payments due in 2020, but the real taxes per person remain 20% lower than they were in the “teens”. The county consolidated the provision of certain “emergency” services from the towns and cities in 2020.

https://www.hamiltoncounty.in.gov/ArchiveCenter/ViewFile/Item/214

https://www.hamiltoncounty.in.gov/ArchiveCenter/ViewFile/Item/95

https://gateway.ifionline.org/public/pts/pts-overview.aspx

Summary

Hamilton County’s growth looks to continue at a sustainable rate, with open land in Fall Creek, Westfield, Noblesville available for development.

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