Clinton County, Indiana Property Taxes
The median property tax rate in Clinton County is 0.93%, which is slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Clinton County being $124,200, the typical annual property tax bill is around $1,235, significantly lower than the national median of $2,690. Property taxes in Clinton County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Clinton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Frankfort or another part of Clinton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,155
$1,072
Ownwell’s Clinton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Clinton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Clinton County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Clinton County, Indiana
Property taxes in Clinton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Clinton County is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Clinton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Clinton County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Clinton County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Sedalia has one of the higher property tax rates in Indiana at 1.37%, while the city of Thorntown boasts one of the lowest at 0.61%. Analyzing how Clinton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Clinton County Tax Rate
0.93%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clarks Hill | N/A | N/A | N/A | N/A | N/A |
| Colfax | 0.55% | 0.68% | 0.82% | 1.64% | 2.18% |
| Forest | 0.39% | 0.59% | 0.85% | 1.63% | 1.77% |
| Frankfort | 0.53% | 0.75% | 0.97% | 1.40% | 2.27% |
| Kempton | 0.57% | 0.71% | 0.74% | 0.95% | 1.70% |
| Kirklin | 0.41% | 0.54% | 0.84% | 1.41% | 1.78% |
| Lafayette | N/A | N/A | N/A | N/A | N/A |
| Michigantown | 0.42% | 0.58% | 0.81% | 1.59% | 2.15% |
| Mulberry | 0.50% | 0.67% | 0.80% | 1.10% | 1.88% |
| Rossville | 0.52% | 0.64% | 0.75% | 0.91% | 1.60% |
| Russiaville | 0.44% | 0.52% | 0.67% | 0.83% | 0.93% |
| Sedalia | 0.35% | 0.40% | 1.37% | 1.54% | 1.57% |
| Sheridan | 0.32% | 0.51% | 0.81% | 1.14% | 1.51% |
| Thorntown | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Clinton County, Indiana
In Clinton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Clinton County Appraisal District. The assessed value, however, 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. Assessment notices in Clinton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the median home price in Clinton County is $124,200, with tax bills ranging from $696 at the 25th percentile to $2,679 at the 90th percentile. Lafayette has the highest median tax bill at $1,975, while Sedalia has the lowest at $296. Being aware of these valuation processes in Clinton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Clinton County Assessed Value
$124,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clarks Hill | N/A | N/A | N/A | N/A | N/A |
| Colfax | $16,580 | $69,700 | $122,100 | $189,450 | $271,740 |
| Forest | $27,570 | $63,175 | $110,800 | $171,100 | $263,580 |
| Frankfort | $53,300 | $79,300 | $117,100 | $167,725 | $234,700 |
| Kempton | $47,130 | $104,575 | $135,100 | $185,450 | $255,170 |
| Kirklin | $46,000 | $82,925 | $124,450 | $186,050 | $267,480 |
| Lafayette | N/A | N/A | N/A | N/A | N/A |
| Michigantown | $30,440 | $67,900 | $109,400 | $156,500 | $205,460 |
| Mulberry | $69,440 | $105,600 | $150,100 | $217,250 | $316,500 |
| Rossville | $91,400 | $142,700 | $199,150 | $260,850 | $340,500 |
| Russiaville | $75,520 | $102,000 | $140,600 | $182,400 | $241,560 |
| Sedalia | $6,290 | $26,200 | $50,900 | $65,775 | $82,890 |
| Sheridan | $86,000 | $112,500 | $155,700 | $228,000 | $322,160 |
| Thorntown | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Clinton County, Indiana
In Clinton County, IN, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and market conditions. For example, properties in Lafayette, the city with the highest median tax bill, see an average of $1,975 annually, while those in Sedalia, the city with the lowest, pay around $296. Homeowners in Clinton County experience a range of property tax bills. The 25th percentile tax bill is $696, while the 75th percentile reaches $1,851, and the 90th percentile climbs to $2,679. Compared to the national median property tax rate of 0.99%, Clinton County's tax rates reflect the local economic landscape and property values. These taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Clinton County Tax Bill
$1,235
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clarks Hill | N/A | N/A | N/A | N/A | N/A |
| Colfax | $217 | $522 | $1,058 | $1,575 | $2,193 |
| Forest | $220 | $375 | $952 | $1,700 | $2,978 |
| Frankfort | $394 | $732 | $1,237 | $1,826 | $2,595 |
| Kempton | $229 | $743 | $980 | $1,530 | $2,791 |
| Kirklin | $311 | $501 | $980 | $1,776 | $2,873 |
| Lafayette | N/A | N/A | N/A | N/A | N/A |
| Michigantown | $252 | $403 | $911 | $1,522 | $2,209 |
| Mulberry | $432 | $757 | $1,337 | $2,036 | $3,083 |
| Rossville | $527 | $976 | $1,557 | $2,209 | $3,156 |
| Russiaville | $401 | $559 | $944 | $1,340 | $2,079 |
| Sedalia | $91 | $144 | $296 | $694 | $861 |
| Sheridan | $306 | $525 | $1,305 | $2,693 | $3,409 |
| Thorntown | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell