Clay County, Indiana Property Taxes
Median Clay County effective property tax rate: 0.47%, significantly lower than the national median of 1.02%.
Median Clay County home value: $81,500
Median annual Clay County tax bill: $422, $1,978 lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Clay County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Brazil or another part of Clay County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Clay County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$383
$355
Property Tax Rates Across Clay County, Indiana
Local government entities set tax rates, which can vary widely within a state. 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.
In Clay County, Indiana, the effective property tax rate is notably lower than the national median property tax rate of 1.02%. At 0.47%, Clay County offers a more affordable tax environment compared to the national landscape. This presents an opportunity for property owners to benefit from lower tax obligations. Within the state, tax rates can range significantly, as seen with Shelburn having the highest median tax rate at 0.99% and Staunton with the lowest at 0.41%. By understanding these variations, property owners can make informed decisions about where to invest or reside. Comparing Clay County's effective property tax rate to other counties in Indiana or the U.S. median property tax rate provides valuable insights for property owners seeking to optimize their tax liabilities.
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 Clay County Tax Rate
0.47%
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 Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
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
When examining property taxes in Clay County, 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 Clay County Assessor's Office 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 Clay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April.
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 Clay County.
For example, the median tax bill in Clay County is $799.00, with tax bills ranging significantly across the county. Terre Haute has the highest median home price at $151,400.00.
Median Clay County Market Value
$81,500
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
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
Median Clay County Tax Bill
$422
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
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