Clarksville, Indiana Property Taxes
The median property tax rate in Clarksville, IN is 0.98%, slightly below the national median of 0.99% and on par with the Indiana state median of 0.99%. With the median home value in Clarksville at $163,700, the typical annual property tax bill is $1,781, significantly lower than the national median of $2,690. Property taxes in Clarksville are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Clarksville'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 Clarksville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,604
Ownwell’s Clarksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksville 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 Clarksville, Indiana
Property taxes in Clarksville, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksville is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Clarksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksville 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 Clarksville's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47129 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Clarksville provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksville Tax Rate
0.98%
Average Clark County Tax Rate
0.92%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47129 | 0.78% | 0.92% | 0.98% | 1.48% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Clarksville, Indiana
In Clarksville, 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 local appraisal authorities 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 Clarksville, 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 Clarksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Clarksville are both $1,781, found in the 47129 zip code.
Average Clarksville Assessed Value
$163,700
Average Clark County Assessed Value
$205,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47129 | $99,100 | $133,650 | $163,700 | $201,100 | $241,020 |
Source: Ownwell
Property Tax Bills Across Clarksville, Indiana
In Clarksville, located in Clark County, IN, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and reflects the market value of the property. To calculate the tax bill, the assessed value is multiplied by the local tax rate. For instance, the median home price in Clarksville is $163,700. Homeowners in Clarksville can expect a range of property tax bills depending on their property's value. Tax bills at the 25th percentile are around $1,377, while those at the 75th percentile can reach up to $2,322. For the highest 10% of property values, tax bills can soar to $3,134. The median property tax bill in the area is $1,781, which is notably higher than the national median property tax rate of 0.99%. These property tax bills significantly impact homeowners, influencing their overall housing costs and financial planning. Understanding these factors is crucial for homeowners aiming to manage their expenses effectively.
Average Clarksville Tax Bill
$1,781
Average Clark County Tax Bill
$1,927
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47129 | $931 | $1,377 | $1,781 | $2,322 | $3,134 |
Source: Ownwell