Charlestown, Clark County, Indiana Property Taxes
Median Charlestown, IN effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Charlestown, IN home value: $238,600
Median annual Charlestown, IN tax bill: $2,081, $319 lower than the national median property tax bill of $2,400.
How are property taxes in Clark County calculated?
Property taxes in Charlestown, IN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Charlestown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Charlestown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Charlestown, Clark County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$2,052
$1,904
Ownwell’s Charlestown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Charlestown with just two data points.
By entering your property's estimated assessed value, our calculator applies Charlestown’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clark County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Charlestown, Clark County, Indiana
Local government entities determine property tax rates, which can vary significantly across different areas. This variation is due to each county's annual budgetary needs, which are met by dividing the required budget by the total assessed value of all taxable properties within the jurisdiction. This process results in the property tax rate for that area. While laws and voting play a role in setting these rates and budgets, this is the fundamental process that occurs annually.
In Charlestown, located in Clark County, Indiana, the effective property tax rate can be compared to other cities within the state and to the median property tax rates in Indiana and the United States. Understanding how Charlestown's rates align with state and national figures can provide valuable insights for property owners. While Indiana's median property tax rate is below the national median, it's essential to consider how local rates, such as those in Charlestown, fit into this context. This comparison can help property owners better understand their tax obligations and explore opportunities for appeals or exemptions if needed.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Charlestown Tax Rate
0.86%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Clark County Tax Rate
0.92%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Charlestown, Clark County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47111 | 0.52% | 0.71% | 0.86% | 0.99% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Charlestown, Clark County, Indiana
When examining property taxes in Charlestown, Indiana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Clark County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Clark County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Charlestown.
For example, the median home price in Charlestown is $238,600, with tax bills ranging significantly across the county. Zip code 47111 has the highest median home price at $238,600.
Property Tax Assessment Values Across Charlestown, Clark County, Indiana
Source: Ownwell
$87,100
$187,750
$288,400
Median Charlestown Market Value
$238,600
Median Clark County Market Value
$205,000
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Charlestown, Clark County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47111 | $89,400 | $157,200 | $238,600 | $326,775 | $403,800 |
Source: Ownwell
Property Tax Bills Across Charlestown, Clark County, Indiana
In Charlestown, located in Clark County, Indiana, property tax bills are calculated based on the assessed value of a home. This value is determined by local assessors who consider factors such as the property's size, location, and market conditions. The median home price in Charlestown is $238,600, which influences the tax bill homeowners receive. The median property tax bill in the area is $2,081, which is slightly below the national median of $2,400. Homeowners in Charlestown may see tax bills ranging from $1,256 at the 25th percentile to $3,774 at the 90th percentile. These variations depend on the specific characteristics and assessed value of each property.
Ownwell can assist homeowners in Charlestown by navigating the complexities of property tax appeals and exemptions. By leveraging expert knowledge and resources, Ownwell helps homeowners identify potential savings, ensuring they pay only what is necessary. This tailored approach can significantly reduce property tax burdens, offering peace of mind and financial relief to Charlestown residents.
Median Charlestown Tax Bill
$2,081
Median Clark County Tax Bill
$1,927
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Charlestown, Clark County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47111 | $517 | $1,256 | $2,081 | $2,908 | $3,774 |
Source: Ownwell