Clay County Property Taxes
The median property tax rate in Clay County is 0.47%, 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 Clay County, the typical annual property tax bill reaches $422, which is well below the national median of $2,690. Property taxes in Clay 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 Clay 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 Brazil or another part of Clay County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clay County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$383
Ownwell’s Clay County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clay County with just two data points. Simply enter your property's estimated assessed value, and our calculator will apply the median tax rate in Clay County to provide an estimate of your property tax bill. This tool offers valuable insights into potential tax liabilities, helping you make informed financial decisions. For more localized trends, you can scroll down to navigate to city-specific informational pages. Your property's assessed value is determined by the county for tax calculations and considers any exemptions you may qualify for, ensuring an accurate estimate.
Property Tax Rates Across Clay County, Indiana
Property taxes in Clay County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Clay County is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Clay County set these rates annually, and they can vary significantly between different areas within the county. Each year, Clay 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 Clay County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Shelburn has one of the higher property tax rates in Indiana at 0.99%, while the city of Staunton boasts one of the lowest at 0.41%. Analyzing how Clay County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Clay County Tax Rate
0.47%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clay County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowling Green | 0.20% | 0.34% | 0.61% | 0.83% | 1.05% |
| Brazil | 0.22% | 0.33% | 0.45% | 0.89% | 1.60% |
| Carbon | 0.21% | 0.27% | 0.46% | 0.97% | 1.36% |
| Centerpoint | 0.22% | 0.32% | 0.53% | 0.87% | 1.38% |
| Clay City | 0.24% | 0.34% | 0.53% | 0.92% | 1.45% |
| Coal City | 0.14% | 0.31% | 0.42% | 0.74% | 0.96% |
| Coalmont | 0.24% | 0.32% | 0.96% | 1.12% | 1.56% |
| Cory | 0.19% | 0.33% | 0.49% | 0.76% | 1.06% |
| Harmony | 0.23% | 0.29% | 0.40% | 1.09% | 1.22% |
| Jasonville | 0.21% | 0.33% | 0.53% | 0.97% | 1.21% |
| Knightsville | 0.21% | 0.31% | 0.48% | 1.00% | 1.80% |
| Lewis | 0.27% | 0.40% | 0.62% | 1.08% | 1.28% |
| Poland | 0.18% | 0.24% | 0.48% | 0.81% | 0.99% |
| Reelsville | 0.32% | 0.36% | 0.47% | 0.75% | 0.92% |
| Rosedale | 0.22% | 0.35% | 0.48% | 0.96% | 1.37% |
| Shelburn | 0.30% | 0.43% | 0.99% | 1.08% | 1.11% |
| Staunton | 0.20% | 0.27% | 0.41% | 1.01% | 1.47% |
| Terre Haute | 0.26% | 0.47% | 0.53% | 1.10% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Clay County, Indiana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Clay County, Indiana. 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 Clay 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 Clay 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 instance, Terre Haute has the highest median tax bill at $799, while Coalmont has the lowest at $151. Being aware of these valuation processes in Clay County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Clay County Assessed Value
$81,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clay County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowling Green | $12,720 | $42,375 | $74,050 | $140,200 | $195,000 |
| Brazil | $24,200 | $50,700 | $87,100 | $149,000 | $210,300 |
| Carbon | $11,650 | $33,900 | $55,250 | $97,800 | $154,250 |
| Centerpoint | $5,900 | $23,800 | $81,800 | $131,500 | $198,360 |
| Clay City | $18,100 | $42,050 | $72,500 | $120,325 | $177,620 |
| Coal City | $21,680 | $50,675 | $97,550 | $155,800 | $197,950 |
| Coalmont | $5,840 | $11,200 | $28,000 | $50,700 | $69,900 |
| Cory | $34,630 | $67,175 | $134,700 | $206,600 | $270,520 |
| Harmony | $35,270 | $57,675 | $75,550 | $91,175 | $110,650 |
| Jasonville | $24,950 | $48,825 | $80,600 | $121,075 | $168,210 |
| Knightsville | $10,850 | $36,300 | $61,850 | $98,600 | $136,890 |
| Lewis | $33,980 | $57,400 | $85,300 | $125,500 | $212,540 |
| Poland | $24,860 | $47,700 | $66,900 | $113,600 | $168,780 |
| Reelsville | $56,600 | $91,300 | $116,500 | $155,100 | $227,040 |
| Rosedale | $18,780 | $35,900 | $85,800 | $181,400 | $307,900 |
| Shelburn | $19,500 | $21,300 | $33,800 | $59,950 | $121,700 |
| Staunton | $14,500 | $30,600 | $60,500 | $99,000 | $129,320 |
| Terre Haute | $22,720 | $42,250 | $151,400 | $232,100 | $362,120 |
Source: Ownwell
Property Tax Bills Across Clay County, Indiana
In Clay County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Clay County, the median home price is $81,500. The tax bill can vary significantly, with the 25th percentile paying around $199 annually and the 75th percentile facing a bill of approximately $784. At the 90th percentile, homeowners might see tax bills as high as $1,283. The city of Terre Haute has the highest median tax bill in the county at $799, while Coalmont has the lowest at $151. These variations are influenced by factors such as property location, home value, and applicable exemptions. Compared to the national median property tax rate of 0.99%, Clay County’s tax bills reflect a range that can impact homeowners differently, influencing their financial planning and overall cost of homeownership.
Average Clay County Tax Bill
$422
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Clay County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowling Green | $74 | $159 | $397 | $737 | $1,396 |
| Brazil | $122 | $222 | $461 | $822 | $1,311 |
| Carbon | $72 | $124 | $214 | $508 | $903 |
| Centerpoint | $57 | $140 | $350 | $724 | $1,273 |
| Clay City | $107 | $191 | $384 | $693 | $1,174 |
| Coal City | $76 | $149 | $413 | $639 | $1,087 |
| Coalmont | $32 | $90 | $151 | $312 | $495 |
| Cory | $106 | $232 | $623 | $1,149 | $1,978 |
| Harmony | $134 | $193 | $304 | $502 | $758 |
| Jasonville | $95 | $185 | $407 | $701 | $1,200 |
| Knightsville | $85 | $154 | $301 | $553 | $819 |
| Lewis | $140 | $262 | $437 | $1,079 | $2,113 |
| Poland | $77 | $137 | $306 | $605 | $1,037 |
| Reelsville | $347 | $436 | $509 | $879 | $1,549 |
| Rosedale | $41 | $189 | $320 | $937 | $1,794 |
| Shelburn | $127 | $202 | $234 | $323 | $1,207 |
| Staunton | $59 | $125 | $304 | $504 | $763 |
| Terre Haute | $94 | $368 | $799 | $1,457 | $2,470 |
Source: Ownwell