Elizabeth, Harrison County, Indiana Property Taxes
Median Elizabeth, Indiana effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Elizabeth, Indiana home value: $151,250
Median annual Elizabeth, Indiana tax bill: $933, $1,467 lower than the national median property tax bill of $2,400.
How are property taxes in Harrison calculated?
Property taxes in Elizabeth, Indiana 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 Elizabeth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elizabeth, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elizabeth, Harrison County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$908
$842
Property Tax Rates Across Elizabeth, Harrison County, Indiana
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process involves votes and laws to set tax rates and budgets.
In Elizabeth, located in Harrison County, Indiana, the effective property tax rate is relatively low compared to the national median property tax rate of 1.02%. This makes Elizabeth an attractive location for homeowners seeking lower property tax burdens. The median property tax rate in Indiana is also lower than the national average, which can be a significant factor for potential homebuyers and investors.
Comparing Elizabeth’s effective property tax rate to other cities in Indiana, you will find it aligns with the state’s trend of maintaining lower tax rates. This can offer financial benefits to property owners, providing an incentive for those interested in purchasing property in the area. Understanding these differences can help property owners and potential buyers make informed decisions about their investments.
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 Elizabeth Tax Rate
0.60%
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 Harrison County Tax Rate
0.61%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elizabeth, Harrison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47117 | 0.34% | 0.47% | 0.60% | 0.94% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Elizabeth, Harrison County, Indiana
When examining property taxes in Elizabeth, 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 Harrison 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 Harrison 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 Elizabeth.
For example, the median home price in Elizabeth is $151,250, with tax bills ranging significantly across the county. Zip code 47117 has the highest median home price at $151,250.
Property Tax Assessment Values Across Elizabeth, Harrison County, Indiana
Source: Ownwell
$93,300
$169,525
$245,750
Median Elizabeth Market Value
$151,250
Median Harrison County Market Value
$175,400
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elizabeth, Harrison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47117 | $41,530 | $93,075 | $151,250 | $223,800 | $296,760 |
Source: Ownwell
Property Tax Bills Across Elizabeth, Harrison County, Indiana
Median Elizabeth Tax Bill
$933
Median Harrison County Tax Bill
$1,112
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Elizabeth, Harrison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47117 | $222 | $465 | $933 | $1,518 | $2,233 |
Source: Ownwell