Bloomington, Greene County, Indiana Property Taxes

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

Median Bloomington, IN effective property tax rate: 1.02%, matching the national median of 1.02%, but higher than the Indiana state median of 0.99%.
Median Bloomington, IN home value: $89,400
Median annual Bloomington, IN tax bill: $850, $1,550 lower than the national median property tax bill of $2,400.

How are property taxes in Greene County calculated?

Property taxes in Bloomington, 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 Bloomington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bloomington, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bloomington, Greene County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$912

$846

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

Property Tax Rates Across Bloomington, Greene County, Indiana

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variance occurs because each county annually estimates its required budget to fund services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and legislative measures, this is essentially how it unfolds each year.

In Bloomington, located in Monroe County, Indiana, the effective property tax rate is a point of interest for property owners. Comparing Bloomington's rate to other cities in Indiana, as well as the median property tax rates in the state and across the U.S., can provide valuable insights for homeowners. With the national median property tax rate at 1.02%, Bloomington aligns closely with this figure. This comparison helps property owners understand how their tax obligations stack up against broader benchmarks, offering a clearer picture of their financial commitments. Whether you're a current resident or considering a move to Bloomington, understanding these rates is crucial for effective financial planning and property investment decisions.

Property Tax Rates Across Bloomington, Greene County, Indiana

Source: Ownwell

0.82%

1.45%

2.08%

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 Bloomington Tax Rate

1.02%

Median Effective Greene County Tax Rate

1.04%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bloomington, Greene County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47403	0.59%	0.78%	1.02%	1.60%	2.46%
47401	N/A	N/A	N/A	N/A	N/A
47404	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Bloomington, Greene County, Indiana

When examining property taxes in Bloomington, 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 Greene County appraisal district 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 Greene 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 Bloomington. For example, the median home price in Bloomington is $89,400, with tax bills ranging significantly across the county. Zip code 47403 has the highest median home price at $89,150.

Property Tax Assessment Values Across Bloomington, Greene County, Indiana

Source: Ownwell

$35,450

$84,550

$133,650

Median Bloomington Market Value

$89,400

Median Greene County Market Value

$82,800

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bloomington, Greene County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47403	$19,740	$33,275	$89,150	$126,950	$184,120
47401	N/A	N/A	N/A	N/A	N/A
47404	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Bloomington, Greene County, Indiana

In Bloomington, located in Greene County, Indiana, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors who evaluate the property's market value. Factors such as the property's location, size, and any improvements can influence the assessed value. Bloomington homeowners face a median property tax bill of $842, which is significantly lower than the national median of $2,400, making it more affordable for residents. However, even with these relatively low rates, homeowners can still benefit from appealing their property tax assessments. Ownwell offers expert property tax appeal services that can help Bloomington homeowners potentially lower their tax bills. By analyzing local market trends and assessment data, Ownwell identifies opportunities for tax reductions, ensuring that homeowners pay only their fair share. With professional guidance, homeowners can save money and gain peace of mind, knowing their property taxes are optimized.

Property Tax Bills Across Bloomington, Greene County, Indiana

Source: Ownwell

$265

$837

$1,409

Median Bloomington Tax Bill

$850

Median Greene County Tax Bill

$788

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Bloomington, Greene County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47403	$138	$464	$842	$1,334	$2,290
47401	N/A	N/A	N/A	N/A	N/A
47404	N/A	N/A	N/A	N/A	N/A

Source: Ownwell