New Albany, Clark County, Indiana Property Taxes

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

Median New Albany, IN effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median New Albany, IN home value: $288,400
Median annual New Albany, IN tax bill: $1,596, $804 lower than the national median property tax bill of $2,400.

How are property taxes in Clark County calculated?

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

Last Updated March 1, 2025

New Albany, Clark County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$2,134

$1,980

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

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

Local government entities determine tax rates, which can vary significantly within a state. This variance occurs because each county annually estimates its budget requirements to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In New Albany, located in Floyd County, Indiana, the effective property tax rate is a crucial factor for homeowners to consider. With a median property tax rate of 0.74%, New Albany aligns with other cities in Indiana but remains below the national median property tax rate of 1.02%. This comparison highlights the relative affordability of property taxes in New Albany compared to the national average. Homeowners in New Albany can benefit from these lower rates, potentially reducing their overall financial burden. By understanding how property tax rates are determined and comparing them to state and national averages, homeowners can make informed decisions about their property investments and financial planning.

Property Tax Rates Across New Albany, 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 New Albany Tax Rate

0.74%

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 New Albany, Clark County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47150	0.57%	0.65%	0.74%	1.56%	1.88%

Source: Ownwell

Property Tax Assessment Values Across New Albany, Clark County, Indiana

When examining property taxes in New Albany, 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.

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 New Albany.

For example, the median home price in New Albany is $288,400, with tax bills ranging significantly across the county. Zip code 47150 has the highest median home price at $288,400.

Property Tax Assessment Values Across New Albany, Clark County, Indiana

Source: Ownwell

$87,100

$187,750

$288,400

Median New Albany Market Value

$288,400

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 New Albany, Clark County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47150	$31,500	$102,900	$288,400	$343,050	$420,500

Source: Ownwell

Property Tax Bills Across New Albany, Clark County, Indiana

In New Albany, located in Clark County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $288,400, homeowners in New Albany face property tax bills that can vary significantly. The 25th percentile tax bill is $902, while the 75th percentile reaches $2,796, and at the 90th percentile, it climbs to $3,939. In comparison, the national median property tax bill is $2,400, highlighting the range of tax burdens within the area. These tax bills can have a substantial impact on homeowners' finances, making it essential to ensure assessments are accurate. Ownwell can assist homeowners by providing expert property tax appeal services, potentially reducing these tax burdens. By reviewing assessments and identifying discrepancies, Ownwell helps homeowners save money and ensures they are not overpaying on their property taxes.

Property Tax Bills Across New Albany, Clark County, Indiana

Source: Ownwell

$799

$1,469

$2,139

Median New Albany Tax Bill

$1,596

Median Clark County Tax Bill

$1,927

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across New Albany, Clark County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47150	$817	$902	$1,596	$2,796	$3,939

Source: Ownwell