Boone County Property Taxes
The median property tax rate in Boone County is 1.01%, slightly higher than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Boone County at $327,200, the typical annual property tax bill reaches $3,263, which surpasses the national median of $2,690. Property taxes in Boone County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Boone County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Zionsville or another part of Boone County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boone County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$3,305
Ownwell’s Boone County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Boone County with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Boone County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Boone County, Indiana
Property taxes in Boone County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Boone County is 1.01%, which is higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Boone County set these rates annually, and they can vary significantly between different areas within the county. Each year, Boone County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Boone County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Whitestown has one of the higher property tax rates in Indiana at 1.10%, while the city of Pittsboro boasts one of the lowest at 0.61%. Analyzing how Boone County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Boone County Tax Rate
1.01%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boone County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | 0.50% | 0.69% | 0.84% | 1.18% | 1.79% |
| Brownsburg | 0.44% | 0.63% | 0.78% | 1.22% | 1.40% |
| Colfax | 0.60% | 0.68% | 0.76% | 0.91% | 1.25% |
| Crawfordsville | 0.56% | 0.60% | 0.66% | 0.74% | 0.96% |
| Frankfort | 0.71% | 0.74% | 0.79% | 0.84% | 0.87% |
| Indianapolis | N/A | N/A | N/A | N/A | N/A |
| Jamestown | 0.44% | 0.55% | 0.64% | 0.79% | 1.13% |
| Kirklin | 0.48% | 0.58% | 0.65% | 0.88% | 1.14% |
| Lebanon | 0.54% | 0.69% | 0.87% | 1.04% | 1.79% |
| New Ross | 0.46% | 0.61% | 0.68% | 1.05% | 1.10% |
| Pittsboro | 0.54% | 0.55% | 0.61% | 0.76% | 0.87% |
| Sheridan | 0.59% | 0.72% | 0.84% | 1.16% | 1.43% |
| Thorntown | 0.52% | 0.63% | 0.75% | 1.01% | 1.66% |
| Whitestown | 0.55% | 1.05% | 1.10% | 1.18% | 1.63% |
| Zionsville | 0.85% | 0.97% | 1.05% | 1.12% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Boone County, Indiana
In Boone County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Boone County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Boone County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Boone County residents face a wide range of tax bills, with Zionsville having the highest median tax bill at $5,523, and Advance the lowest at $1,185. Being aware of these valuation processes in Boone County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Boone County Assessed Value
$327,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boone County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | $69,590 | $106,425 | $139,650 | $177,575 | $220,920 |
| Brownsburg | $104,600 | $138,000 | $234,500 | $505,700 | $636,180 |
| Colfax | $129,650 | $174,225 | $226,650 | $299,200 | $369,250 |
| Crawfordsville | $137,960 | $222,000 | $275,200 | $380,600 | $419,580 |
| Frankfort | $280,240 | $304,600 | $345,200 | $385,800 | $410,160 |
| Indianapolis | N/A | N/A | N/A | N/A | N/A |
| Jamestown | $88,620 | $150,200 | $227,800 | $336,300 | $474,600 |
| Kirklin | $92,400 | $154,300 | $219,500 | $355,300 | $530,600 |
| Lebanon | $113,200 | $153,200 | $215,800 | $294,600 | $406,000 |
| New Ross | $118,200 | $183,250 | $237,700 | $322,300 | $547,940 |
| Pittsboro | $153,200 | $169,150 | $257,800 | $446,550 | $618,640 |
| Sheridan | $124,900 | $182,900 | $271,600 | $442,100 | $687,180 |
| Thorntown | $88,880 | $139,475 | $209,250 | $323,675 | $478,030 |
| Whitestown | $198,450 | $254,500 | $315,000 | $384,825 | $452,400 |
| Zionsville | $279,550 | $382,875 | $518,400 | $703,300 | $978,110 |
Source: Ownwell
Property Tax Bills Across Boone County, Indiana
In Boone County, Indiana, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. Homeowners in Boone County experience a range of tax bills, with the 25th percentile at $1,818 and the 75th percentile at $5,422. The highest median tax bill in the county can reach up to $5,523 in Zionsville, while the lowest is around $1,185 in Advance. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Boone County homeowners may find their tax rates to be relatively moderate or high depending on specific circumstances. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Boone County Tax Bill
$3,263
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Boone County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | $359 | $691 | $1,185 | $1,783 | $2,412 |
| Brownsburg | $440 | $1,416 | $2,174 | $4,411 | $6,766 |
| Colfax | $830 | $1,302 | $1,994 | $2,557 | $3,108 |
| Crawfordsville | $1,260 | $1,466 | $2,045 | $2,115 | $2,826 |
| Frankfort | $2,409 | $2,501 | $2,654 | $2,807 | $2,899 |
| Indianapolis | N/A | N/A | N/A | N/A | N/A |
| Jamestown | $477 | $883 | $1,578 | $2,380 | $3,467 |
| Kirklin | $495 | $898 | $1,544 | $2,499 | $4,109 |
| Lebanon | $731 | $1,229 | $1,925 | $2,744 | $3,878 |
| New Ross | $800 | $1,222 | $1,726 | $2,761 | $5,094 |
| Pittsboro | $847 | $906 | $1,843 | $3,066 | $4,789 |
| Sheridan | $823 | $1,474 | $2,488 | $4,282 | $6,896 |
| Thorntown | $618 | $1,030 | $1,728 | $2,678 | $3,935 |
| Whitestown | $1,370 | $2,584 | $3,507 | $4,629 | $5,931 |
| Zionsville | $2,682 | $4,027 | $5,523 | $7,574 | $10,970 |
Source: Ownwell