Gibson County, Indiana Property Taxes

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

Median Gibson County effective property tax rate: 0.95%, slightly lower than the national median of 1.02%.
Median Gibson County home value: $136,300
Median annual Gibson County tax bill: $1,336, $1,064 lower than the national median property tax bill of $2,400.

How are property taxes in Gibson County calculated?

Property taxes in Gibson 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 Princeton or another part of Gibson County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Gibson County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$1,295

$1,202

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

Property Tax Rates Across Gibson County, Indiana

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 Gibson County, Indiana, the effective property tax rate is 0.95%, which is slightly below the national median property tax rate of 1.02%. This places it in a competitive position compared to other counties. Within Indiana, Gibson County's rate is nestled between the highest median tax rate of 1.66% in Griffin and the lowest of 0.67% in Buckskin. This comparison highlights the variability of property tax rates within the state and underscores the importance of understanding local tax rates when considering property investments or relocations.

Property Tax Rates Across Gibson County, Indiana

Source: Ownwell

0.67%

1.17%

1.66%

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 Gibson County Tax Rate

0.95%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gibson County, Indiana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Buckskin	0.35%	0.41%	0.67%	0.81%	0.98%
Cynthiana	0.49%	0.75%	0.94%	1.08%	1.41%
Elberfeld	0.44%	0.56%	0.79%	1.01%	1.60%
Evansville	0.74%	0.90%	1.01%	1.09%	1.44%
Fort Branch	0.47%	0.72%	0.90%	1.06%	1.67%
Francisco	0.45%	0.62%	0.82%	1.19%	2.05%
Griffin	0.66%	1.14%	1.66%	1.72%	1.82%
Haubstadt	0.67%	0.83%	0.95%	1.04%	1.38%
Hazleton	0.54%	0.72%	0.94%	1.78%	2.07%
Lynnville	0.70%	0.82%	0.95%	1.33%	1.58%
Mackey	0.25%	0.59%	0.74%	1.98%	2.20%
Oakland City	0.50%	0.77%	0.99%	1.59%	2.20%
Owensville	0.49%	0.68%	0.83%	1.01%	1.65%
Patoka	0.56%	0.76%	1.01%	1.93%	2.17%
Poseyville	0.44%	0.57%	0.79%	1.02%	1.59%
Princeton	0.61%	0.91%	0.97%	1.25%	2.00%
Somerville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Gibson County, Indiana

When examining property taxes in Gibson 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 Gibson 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 Gibson 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 Gibson County. For example, the median tax bill in Gibson County is $1,403, with tax bills ranging significantly across the county. Lynnville has the highest median home price at $234,000.

Property Tax Assessment Values Across Gibson County, Indiana

Source: Ownwell

$6,800

$120,400

$234,000

Median Gibson County Market Value

$136,300

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gibson County, Indiana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Buckskin	$56,180	$66,100	$80,000	$135,200	$141,160
Cynthiana	$109,760	$154,000	$227,250	$281,825	$368,700
Elberfeld	$52,700	$92,450	$133,700	$180,850	$227,100
Evansville	$124,440	$152,450	$180,300	$283,250	$314,480
Fort Branch	$85,200	$121,900	$157,500	$206,350	$278,560
Francisco	$38,940	$67,750	$105,800	$161,350	$221,480
Griffin	$1,810	$3,950	$6,800	$45,450	$145,910
Haubstadt	$126,750	$164,700	$218,350	$307,250	$388,550
Hazleton	$13,320	$49,500	$94,200	$144,900	$205,200
Lynnville	$139,780	$163,650	$234,000	$287,250	$334,820
Mackey	$30,500	$55,700	$77,000	$100,900	$117,100
Oakland City	$35,360	$66,900	$102,500	$154,300	$207,380
Owensville	$52,200	$100,200	$144,700	$203,800	$278,400
Patoka	$14,900	$43,200	$98,350	$152,625	$213,450
Poseyville	$75,660	$107,600	$153,000	$231,500	$266,020
Princeton	$57,680	$88,350	$125,400	$176,400	$230,600
Somerville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Gibson County, Indiana

In Gibson County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the property tax bill. The 25th percentile of tax bills in the county is $780, while the 75th percentile reaches $2,026, and the 90th percentile climbs to $2,887. These figures highlight the variation in tax bills, influenced by differences in property values and applicable exemptions. For homeowners in Gibson County, the tax burden can vary significantly. For instance, the town of Lynnville has the highest median tax bill at $2,585, while Griffin has the lowest at just $138. Compared to the national median property tax bill of $2,400, Gibson County's tax bills can be both below and above the national average, affecting affordability and financial planning for homeowners. Understanding these factors is crucial for homeowners to anticipate their annual financial obligations.

Property Tax Bills Across Gibson County, Indiana

Source: Ownwell

$138

$1,362

$2,585

Median Gibson County Tax Bill

$1,336

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Gibson County, Indiana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Buckskin	$239	$316	$523	$969	$1,169
Cynthiana	$630	$1,308	$2,350	$2,948	$3,552
Elberfeld	$268	$507	$1,038	$1,749	$2,406
Evansville	$1,150	$1,566	$2,107	$2,893	$3,300
Fort Branch	$462	$896	$1,432	$2,092	$2,983
Francisco	$231	$442	$914	$1,531	$2,367
Griffin	$26	$48	$138	$578	$1,830
Haubstadt	$921	$1,507	$2,122	$2,989	$3,952
Hazleton	$174	$395	$837	$1,430	$2,279
Lynnville	$888	$1,447	$2,585	$3,089	$4,538
Mackey	$202	$365	$565	$1,128	$1,489
Oakland City	$271	$609	$1,081	$1,637	$2,346
Owensville	$377	$731	$1,218	$1,872	$2,658
Patoka	$172	$389	$883	$1,707	$2,664
Poseyville	$451	$656	$1,135	$2,047	$2,515
Princeton	$474	$906	$1,339	$1,932	$2,643
Somerville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell