Martin County Property Taxes
The median property tax rate in Martin County is 0.65%, which is significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Martin County at $107,600, the typical annual property tax bill is $728, which is well below the national median of $2,690. Property taxes in Martin 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 Martin 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 Loogootee or another part of Martin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Martin 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 Martin County Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Martin County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Martin County to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For more localized insights, scroll down to explore city-level trends. Your property's assessed value is the value assigned by the county for property tax calculations and considers any exemptions you may have.
Property Tax Rates Across Martin County, Indiana
Property taxes in Martin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Martin County is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Martin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Martin 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 West Baden Springs has one of the higher property tax rates in Indiana at 2.08%, while the city of French Lick boasts one of the lowest at 0.58%. Analyzing how Martin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Martin County Tax Rate
0.65%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Martin County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crane | 0.57% | 0.67% | 1.92% | 2.79% | 3.03% |
| Dubois | 0.32% | 0.46% | 0.62% | 0.84% | 1.10% |
| French Lick | 0.35% | 0.45% | 0.58% | 1.30% | 1.43% |
| Loogootee | 0.36% | 0.49% | 0.63% | 1.23% | 1.94% |
| Mitchell | 0.37% | 0.50% | 0.93% | 1.39% | 1.44% |
| Newberry | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| Odon | 0.33% | 0.55% | 0.63% | 0.75% | 1.07% |
| Shoals | 0.30% | 0.46% | 0.67% | 1.39% | 1.95% |
| West Baden Springs | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
| Williams | 0.61% | 1.24% | 1.40% | 1.60% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Martin County, Indiana
In Martin 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 Martin 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 Martin 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. In Martin County, Odon has the highest median tax bill at $1,828, while West Baden Springs has the lowest at $241. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Martin County Assessed Value
$107,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Martin County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crane | $7,600 | $21,625 | $33,800 | $45,450 | $69,050 |
| Dubois | $65,940 | $71,100 | $175,500 | $197,100 | $278,940 |
| French Lick | $22,580 | $54,350 | $98,600 | $146,600 | $182,220 |
| Loogootee | $27,620 | $78,500 | $130,000 | $194,100 | $272,880 |
| Mitchell | $19,750 | $32,600 | $97,000 | $142,025 | $219,630 |
| Newberry | $177,700 | $177,700 | $177,700 | $177,700 | $177,700 |
| Odon | $135,520 | $185,200 | $263,000 | $312,000 | $432,440 |
| Shoals | $16,380 | $39,000 | $88,000 | $136,800 | $192,800 |
| West Baden Springs | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 |
| Williams | $32,020 | $40,200 | $77,300 | $201,200 | $302,700 |
Source: Ownwell
Property Tax Bills Across Martin County, Indiana
In Martin County, Indiana, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Martin County experience a range of property tax bills depending on their property's assessed value and the specific tax rate applied. For example, the median home price in Martin County is $107,600. Homeowners in the 25th percentile pay around $366, while those in the 75th percentile face bills closer to $1,280. At the 90th percentile, property tax bills can reach up to $1,996. The highest median tax bill in the county is found in Odon, at $1,828, contrasting sharply with the lowest median tax bill of $241 in West Baden Springs. With the national median property tax rate at 0.99%, Martin County's rates and resulting tax bills can significantly impact homeowners' finances, making it important for them to understand how their tax obligations are calculated.
Average Martin County Tax Bill
$728
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Martin County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crane | $158 | $238 | $482 | $763 | $1,030 |
| Dubois | $356 | $385 | $653 | $1,261 | $1,902 |
| French Lick | $208 | $367 | $591 | $985 | $1,627 |
| Loogootee | $218 | $450 | $901 | $1,460 | $2,244 |
| Mitchell | $217 | $313 | $610 | $1,183 | $1,827 |
| Newberry | $1,218 | $1,218 | $1,218 | $1,218 | $1,218 |
| Odon | $423 | $1,267 | $1,828 | $2,388 | $3,076 |
| Shoals | $147 | $301 | $552 | $1,031 | $1,618 |
| West Baden Springs | $241 | $241 | $241 | $241 | $241 |
| Williams | $224 | $557 | $1,163 | $2,246 | $3,738 |
Source: Ownwell
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