Fort Branch, Gibson County, Indiana Property Taxes
Median FORT BRANCH, IN effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median FORT BRANCH, IN home value: $157,500
Median annual FORT BRANCH, IN tax bill: $1,432, $968 lower than the national median property tax bill of $2,400.
How are property taxes in Gibson calculated?
Property taxes in FORT BRANCH, IN 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 FORT BRANCH’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FORT BRANCH, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fort Branch, Gibson County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$1,418
$1,315
Property Tax Rates Across Fort Branch, Gibson County, Indiana
Local government entities set tax rates, which can vary widely within a state. Why? Because 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.
Below, you can compare Fort Branch’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S. Fort Branch, located in Gibson County, has a property tax rate of 0.90%, which is below the national median of 1.02%. This means residents in Fort Branch enjoy a lower property tax rate compared to the national average, potentially making it an attractive location for property buyers. Whether you're a homeowner or considering purchasing property in Fort Branch, understanding these rates can help you make informed financial decisions. By optimizing your property tax strategy, you can take advantage of the favorable tax conditions in Fort Branch and potentially save on your annual tax bill.
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 Fort Branch Tax Rate
0.90%
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 Fort Branch, Gibson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47648 | 0.47% | 0.72% | 0.90% | 1.06% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Fort Branch, Gibson County, Indiana
When examining property taxes in Fort Branch, Indiana, 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 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.
In Gibson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Fort Branch.
For example, the median home price in Fort Branch is $157,500, with tax bills ranging significantly across the county. 47648 has the highest median home price at $157,500.
Property Tax Assessment Values Across Fort Branch, Gibson County, Indiana
Source: Ownwell
$6,800
$120,400
$234,000
Median Fort Branch Market Value
$157,500
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 Fort Branch, Gibson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47648 | $85,200 | $121,900 | $157,500 | $206,350 | $278,560 |
Source: Ownwell
Property Tax Bills Across Fort Branch, Gibson County, Indiana
In Fort Branch, located in Gibson County, IN, property tax bills are determined by the assessed value of a homeowner's property and the local tax rate. The median home price in this area stands at $157,500. Property taxes are calculated by multiplying the assessed value by the tax rate, which can vary based on local government budgets and needs. Homeowners in Fort Branch typically see property tax bills ranging from $896 at the 25th percentile to $2,983 at the 90th percentile. The median tax bill here is $1,432, which is below the national median of $2,400.
This variation in tax bills can significantly impact homeowners' finances, making it crucial to ensure that property taxes are fair and accurate. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax burden. By reviewing property assessments and identifying discrepancies, Ownwell can assist homeowners in Fort Branch in achieving a more equitable tax bill, leading to substantial savings.
Median Fort Branch Tax Bill
$1,432
Median Gibson County Tax Bill
$1,336
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Fort Branch, Gibson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47648 | $462 | $896 | $1,432 | $2,092 | $2,983 |
Source: Ownwell