Jeffersonville, Indiana Property Taxes
The median property tax rate in Jeffersonville, IN is 0.97%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $202,100 in Jeffersonville, the typical annual property tax bill amounts to $2,139, which is lower than the national median of $2,690. Property taxes in Jeffersonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jeffersonville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Jeffersonville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jeffersonville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,960
Ownwell’s Jeffersonville Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Jeffersonville with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Jeffersonville to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Jeffersonville, Indiana
Property taxes in Jeffersonville, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jeffersonville is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Jeffersonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jeffersonville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Jeffersonville's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47130 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Jeffersonville provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jeffersonville Tax Rate
0.97%
Average Clark County Tax Rate
0.92%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jeffersonville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47130 | 0.71% | 0.90% | 0.97% | 1.25% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Jeffersonville, Indiana
In Jeffersonville, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clark County Assessor for tax purposes. In contrast, the assessed value 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. In Jeffersonville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Jeffersonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 47130, with a median tax bill of $2,139.
Average Jeffersonville Assessed Value
$202,100
Average Clark County Assessed Value
$205,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jeffersonville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47130 | $107,100 | $150,100 | $202,100 | $255,500 | $336,040 |
Source: Ownwell
Property Tax Bills Across Jeffersonville, Indiana
In Jeffersonville, located in Clark County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Jeffersonville, the median home price stands at $202,100. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,562 and the 75th percentile tax bill reaching $2,800. At the higher end, the 90th percentile tax bill can go up to $3,723. These figures highlight the range of property tax burdens that homeowners might face depending on their property’s assessed value and the specific tax rate applied. Understanding these factors is crucial for homeowners as property taxes represent a significant annual expense. By being aware of how these taxes are calculated, homeowners can better anticipate their financial obligations and plan accordingly.
Average Jeffersonville Tax Bill
$2,139
Average Clark County Tax Bill
$1,927
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Jeffersonville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47130 | $904 | $1,562 | $2,139 | $2,800 | $3,723 |
Source: Ownwell