Floyd County, Indiana Property Taxes

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

Median Floyd County effective property tax rate: 0.86%, significantly lower than the national median of 1.02%.
Median Floyd County home value: $183,400
Median annual Floyd County tax bill: $1,788, $612 lower than the national median property tax bill of $2,400.

How are property taxes in Floyd County calculated?

Property taxes in Floyd 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 New Albany or another part of Floyd County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Floyd County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$1,577

$1,464

Ownwell’s Floyd County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Floyd County with just two data points. By entering your property's estimated assessed value, our calculator applies Floyd County’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 more 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 Floyd County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Floyd County, Indiana

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services, then dividing 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 Floyd County's effective property tax rate to other counties in Indiana or the U.S. median property tax rate. Floyd County has a median property tax rate of 0.86%, which is below the national median of 1.02%. Within the state, New Albany boasts the highest median tax rate at 0.98%, while Elizabeth enjoys the lowest at 0.71%. Understanding these differences is crucial for property owners looking to optimize their tax liabilities. By appealing your property taxes with the right strategy, you can potentially lower your tax burden, ensuring you only pay your fair share.

Property Tax Rates Across Floyd County, Indiana

Source: Ownwell

0.71%

0.85%

0.98%

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 Floyd County Tax Rate

0.86%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Floyd County, Indiana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Borden	0.68%	0.77%	0.85%	0.94%	1.54%
Elizabeth	0.46%	0.61%	0.71%	1.09%	1.42%
Floyds Knobs	0.63%	0.73%	0.80%	0.88%	1.45%
Georgetown	0.58%	0.70%	0.81%	0.90%	1.46%
Greenville	0.61%	0.72%	0.82%	0.89%	1.53%
Lanesville	0.49%	0.65%	0.76%	0.88%	1.37%
New Albany	0.60%	0.76%	0.98%	1.48%	2.17%
Palmyra	N/A	N/A	N/A	N/A	N/A
Pekin	0.63%	0.74%	0.83%	0.91%	1.35%
Sellersburg	0.61%	0.72%	0.76%	0.81%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Floyd County, Indiana

When examining property taxes in Floyd 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 Floyd County Property Tax Assessment Board 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 Floyd 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 Floyd County. For example, the median tax bill in Floyd County is $1,142, with tax bills ranging significantly across the county. Sellersburg has the highest median home price at $314,700.

Property Tax Assessment Values Across Floyd County, Indiana

Source: Ownwell

$147,800

$231,250

$314,700

Median Floyd County Market Value

$183,400

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Floyd County, Indiana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Borden	$122,400	$199,075	$295,850	$385,875	$486,590
Elizabeth	$76,150	$114,725	$194,500	$285,925	$382,080
Floyds Knobs	$136,200	$192,000	$274,000	$410,800	$554,500
Georgetown	$102,540	$151,300	$228,400	$316,500	$401,420
Greenville	$96,360	$176,500	$249,700	$331,500	$425,700
Lanesville	$87,730	$154,200	$255,950	$343,100	$491,520
New Albany	$58,900	$96,300	$147,800	$206,700	$286,420
Palmyra	N/A	N/A	N/A	N/A	N/A
Pekin	$118,880	$176,600	$287,400	$402,400	$517,260
Sellersburg	$169,320	$233,400	$314,700	$418,750	$496,980

Source: Ownwell

Property Tax Bills Across Floyd County, Indiana

In Floyd County, IN, property tax bills are calculated based on the assessed value of a home. The county’s property tax rate is applied to this assessed value, which is determined by local assessors who consider factors such as the property's size, location, and market conditions. With a median home price of $183,400, homeowners in Floyd County can expect their tax bills to vary significantly. The median property tax bill in the county is notably higher than the national median of $2,400, with the 25th percentile at $1,142 and the 75th percentile reaching $2,649. In Borden, the highest median tax bill is $2,571, while Elizabeth has the lowest at $1,411. These tax bills can impact homeowners by affecting their monthly mortgage payments and overall housing affordability. Understanding these factors is crucial for homeowners, as property taxes are a significant component of homeownership costs. Homeowners must stay informed about how these taxes are assessed to manage their financial planning effectively.

Property Tax Bills Across Floyd County, Indiana

Source: Ownwell

$1,411

$1,991

$2,571

Median Floyd County Tax Bill

$1,788

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Floyd County, Indiana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Borden	$1,002	$1,768	$2,571	$3,614	$4,572
Elizabeth	$481	$843	$1,411	$2,228	$3,148
Floyds Knobs	$879	$1,493	$2,352	$3,499	$4,983
Georgetown	$677	$1,158	$1,904	$2,730	$3,656
Greenville	$733	$1,387	$2,054	$3,045	$3,979
Lanesville	$463	$1,063	$2,016	$2,864	$3,861
New Albany	$546	$1,033	$1,599	$2,281	$3,194
Palmyra	N/A	N/A	N/A	N/A	N/A
Pekin	$830	$1,267	$2,521	$3,247	$5,019
Sellersburg	$1,001	$1,683	$2,437	$3,358	$4,090

Source: Ownwell