Jasonville, Clay County, Indiana Property Taxes
The median property tax rate in Jasonville, IN is 0.53%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $80,600 in Jasonville, the typical annual property tax bill amounts to $407, well below the national median of $2,690. Property taxes in Jasonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Jasonville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Jasonville or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jasonville, Clay County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$427
$396
Ownwell’s Jasonville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Jasonville using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jasonville to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Jasonville, Clay County, Indiana
Property taxes in Jasonville, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jasonville is 0.53%, lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Jasonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jasonville 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 Jasonville's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47438 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Jasonville provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jasonville Tax Rate
0.53%
Average Clay County Tax Rate
0.47%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jasonville, Clay County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47438 | 0.21% | 0.33% | 0.53% | 0.97% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Jasonville, Clay County, Indiana
In Jasonville, 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 Clay County Assessor's Office 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 Jasonville, 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 Jasonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jasonville is $80,600, with tax bills ranging from $185 at the 25th percentile to $1,200 at the 90th percentile. The zip code 47438 has both the highest and lowest median tax bill of $407.
Property Tax Assessment Values Across Jasonville, Clay County, Indiana
Source: Ownwell
$28,000
$81,350
$134,700
Average Jasonville Assessed Value
$80,600
Average Clay County Assessed Value
$81,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jasonville, Clay County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47438 | $24,950 | $48,825 | $80,600 | $121,075 | $168,210 |
Source: Ownwell
Property Tax Bills Across Jasonville, Clay County, Indiana
In Jasonville, located in Clay County, IN, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by local assessors who evaluate the market value of a home. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $80,600, homeowners can expect to pay different amounts depending on their property's assessed value and the applicable tax rate. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Jasonville see a range of property tax bills, with the 25th percentile at $185 and the 75th percentile at $701. The 90th percentile reaches up to $1,200, reflecting variations in property values and assessments. Compared to the national median property tax rate of 0.99%, Jasonville's tax rates offer a diverse range of tax bills, impacting homeowners differently based on their specific property assessments.
Average Jasonville Tax Bill
$407
Average Clay County Tax Bill
$422
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Jasonville, Clay County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47438 | $95 | $185 | $407 | $701 | $1,200 |
Source: Ownwell