Decatur County Property Taxes
The median property tax rate in Decatur County is 0.79%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Decatur County at $162,500, the typical annual property tax bill is $1,342, significantly less than the national median of $2,690. Property taxes in Decatur County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Decatur 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 Greensburg or another part of Decatur County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Decatur County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Decatur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Decatur with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Decatur to estimate your property tax bill. This insight 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 Decatur County, Indiana
Property taxes in Decatur County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Decatur County is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Decatur County set these rates annually, and they can vary significantly between different areas within the county. Each year, Decatur 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. For comparison, the city of Clarksburg has one of the higher property tax rates in the area at 1.10%, while the city of Milroy boasts one of the lowest at 0.55%. Analyzing how Decatur County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Decatur County Tax Rate
0.79%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decatur County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Batesville | 0.54% | 0.56% | 0.57% | 0.64% | 1.07% |
| Clarksburg | 0.52% | 0.89% | 1.10% | 1.13% | 1.18% |
| Greensburg | 0.42% | 0.57% | 0.86% | 1.05% | 1.71% |
| Hartsville | 0.31% | 0.41% | 0.57% | 0.89% | 1.15% |
| Hope | 0.40% | 0.49% | 0.63% | 1.18% | 2.26% |
| Milroy | 0.47% | 0.50% | 0.55% | 0.68% | 1.17% |
| New Point | 0.37% | 0.51% | 0.70% | 1.44% | 1.45% |
| North Vernon | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Osgood | 0.53% | 0.55% | 0.59% | 0.74% | 0.83% |
| Rushville | 0.46% | 0.52% | 0.65% | 1.06% | 1.18% |
| Saint Paul | 0.32% | 0.45% | 0.58% | 1.08% | 1.56% |
| Westport | 0.37% | 0.51% | 0.64% | 1.02% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Decatur County, Indiana
In Decatur 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 Decatur 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 Decatur 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. For example, North Vernon has the highest median tax bill at $2,174, while New Point has the lowest at $734. Being aware of these valuation processes in Decatur County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Decatur County Assessed Value
$162,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decatur County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Batesville | $58,880 | $112,100 | $229,100 | $303,500 | $338,020 |
| Clarksburg | $52,700 | $61,700 | $77,400 | $124,400 | $178,460 |
| Greensburg | $68,800 | $113,700 | $167,200 | $251,775 | $375,350 |
| Hartsville | $83,000 | $111,425 | $179,700 | $270,625 | $409,050 |
| Hope | $14,630 | $54,700 | $107,050 | $245,975 | $320,200 |
| Milroy | $161,040 | $171,300 | $187,200 | $288,900 | $457,400 |
| New Point | $10,580 | $59,200 | $93,600 | $135,200 | $170,420 |
| North Vernon | $320,700 | $320,700 | $320,700 | $320,700 | $320,700 |
| Osgood | $257,780 | $268,850 | $287,300 | $320,200 | $339,940 |
| Rushville | $21,520 | $134,050 | $180,400 | $292,800 | $341,780 |
| Saint Paul | $42,720 | $78,425 | $117,750 | $199,125 | $300,190 |
| Westport | $56,300 | $104,450 | $152,050 | $218,675 | $306,150 |
Source: Ownwell
Property Tax Bills Across Decatur County, Indiana
In Decatur County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Decatur County is $162,500, and the property tax rate is aligned with the national median of 0.99%. Several factors influence the final tax bill, including property location, home improvements, and any applicable exemptions. For instance, homeowners in North Vernon face the highest median tax bill of $2,174, while those in New Point enjoy the lowest at $734. The tax bills can vary significantly, with the 25th percentile at $723 and the 75th percentile at $2,090, reaching up to $3,124 for the 90th percentile. These property taxes fund essential public services like schools, emergency services, and infrastructure, directly impacting homeowners by supporting community development and maintaining property values.
Average Decatur County Tax Bill
$1,342
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Decatur County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Batesville | $422 | $896 | $1,297 | $1,738 | $2,223 |
| Clarksburg | $313 | $591 | $800 | $982 | $1,213 |
| Greensburg | $365 | $799 | $1,438 | $2,189 | $3,245 |
| Hartsville | $300 | $542 | $1,077 | $1,926 | $4,032 |
| Hope | $144 | $404 | $797 | $1,568 | $2,395 |
| Milroy | $804 | $910 | $1,806 | $2,176 | $3,212 |
| New Point | $122 | $242 | $734 | $1,009 | $1,692 |
| North Vernon | $2,174 | $2,174 | $2,174 | $2,174 | $2,174 |
| Osgood | $1,447 | $1,683 | $2,076 | $2,326 | $2,476 |
| Rushville | $233 | $564 | $1,103 | $1,736 | $3,034 |
| Saint Paul | $208 | $388 | $768 | $1,359 | $2,257 |
| Westport | $306 | $580 | $1,032 | $1,689 | $2,496 |
Source: Ownwell