Memphis, Clark County, Indiana Property Taxes

Name: Property Tax Bills Across Memphis, Clark County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Memphis, Indiana effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Memphis, Indiana home value: $245,100
Median annual Memphis, Indiana tax bill: $1,371, $1,029 lower than the national median property tax bill of $2,400.

How are property taxes in Clark calculated?

Property taxes in Memphis, Indiana 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 Memphis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Memphis, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Memphis, Clark County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.56%

Estimate Property Tax Bill

$1,373

$1,274

Ownwell’s Memphis Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Memphis with just two data points.

By entering your property's estimated assessed value, our calculator applies Memphis’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 Memphis, Clark County, Indiana

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Memphis’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Property Tax Rates Across Memphis, Clark County, Indiana

Source: Ownwell

0.56%

0.91%

1.26%

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 Memphis Tax Rate

0.56%

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 Memphis, Clark County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47143	0.41%	0.49%	0.56%	0.66%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Memphis, Clark County, Indiana

When examining property taxes in Memphis, 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 Assessor 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 Memphis. For example, the median home price in Memphis is $245,100, with tax bills ranging significantly across the county. Zip code 47143 has the highest median home price at $245,100.

Property Tax Assessment Values Across Memphis, Clark County, Indiana

Source: Ownwell

$87,100

$187,750

$288,400

Median Memphis Market Value

$245,100

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 Memphis, Clark County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47143	$100,910	$188,425	$245,100	$316,575	$389,680

Source: Ownwell

Property Tax Bills Across Memphis, Clark County, Indiana

In Memphis, located in Clark County, Indiana, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $245,100, and homeowners can expect a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $1,004, while the 75th percentile reaches $1,918, and the 90th percentile climbs to $2,711. The highest and lowest median tax bills in the area are both $1,371, indicating a consistent rate across different neighborhoods. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Memphis residents generally experience lower tax bills. However, property taxes can still be a significant expense for homeowners. This is where Ownwell steps in, offering services to appeal property tax assessments and secure exemptions. By leveraging our expertise, homeowners can potentially reduce their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Memphis, Clark County, Indiana

Source: Ownwell

$799

$1,469

$2,139

Median Memphis Tax Bill

$1,371

Median Clark County Tax Bill

$1,927

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Memphis, Clark County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47143	$519	$1,004	$1,371	$1,918	$2,711

Source: Ownwell