Clifford, Indiana Property Taxes
The median property tax rate in Clifford, IN is 0.84%, 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 Clifford at $93,100, the typical annual property tax bill amounts to $735, significantly below the national median of $2,690. Property taxes in Clifford 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 Clifford'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 Clifford or another part of Bartholomew County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clifford, Indiana 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 Clifford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clifford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clifford to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Clifford, Indiana
Property taxes in Clifford, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clifford is 0.84%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Clifford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clifford 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 Clifford's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47226 has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Clifford provides valuable insights into the varying tax landscape across Bartholomew County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clifford Tax Rate
0.84%
Average Bartholomew County Tax Rate
1.04%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clifford, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47226 | 0.45% | 0.56% | 0.84% | 1.87% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Clifford, Indiana
In Clifford, 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 Bartholomew 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 Clifford, 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 Clifford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 47226 has the highest median tax bill at $735, while the lowest median tax bill is also in the same zip code at $735.
Average Clifford Assessed Value
$93,100
Average Bartholomew County Assessed Value
$193,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clifford, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47226 | $20,720 | $48,500 | $93,100 | $115,400 | $136,620 |
Source: Ownwell
Property Tax Bills Across Clifford, Indiana
In Clifford, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is not the same as the market value but is a percentage of it, adjusted for various factors such as the condition of the property and any improvements made. The median home price in Clifford is $93,100. Property tax rates in the area are applied to the assessed value to determine the final tax bill. For homeowners in Clifford, tax bills can vary significantly. For example, the 25th percentile tax bill is $372, while the 75th percentile reaches $1,345. At the 90th percentile, homeowners may see tax bills as high as $1,962. The highest median tax bill in the area is $735, which is consistent across the zip code 47226. These tax bills are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Clifford residents. Understanding how these bills are calculated can help homeowners better anticipate their annual property tax obligations.
Average Clifford Tax Bill
$735
Average Bartholomew County Tax Bill
$2,070
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Clifford, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47226 | $168 | $372 | $735 | $1,345 | $1,962 |
Source: Ownwell