Cambridge City, Henry County, Indiana Property Taxes

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

Median CAMBRIDGE CITY, IN effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median CAMBRIDGE CITY, IN home value: $128,800
Median annual CAMBRIDGE CITY, IN tax bill: $974, $1,426 lower than the national median property tax bill of $2,400.

How are property taxes in Henry calculated?

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

Last Updated March 1, 2025

Cambridge City, Henry County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$992

$920

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

Property Tax Rates Across Cambridge City, Henry County, Indiana

Local government entities are responsible for setting tax rates, which can differ significantly across a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides this by the total assessed value of all taxable properties within its area. This calculation determines the property tax rate. Although the process involves votes and legislation to set tax rates and budgets, this is the fundamental annual procedure.

Below, you can compare Cambridge City's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Property Tax Rates Across Cambridge City, Henry County, Indiana

Source: Ownwell

0.50%

0.80%

1.10%

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 Cambridge City Tax Rate

0.77%

Median Effective Henry County Tax Rate

0.91%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cambridge City, Henry County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47327	0.38%	0.55%	0.77%	1.10%	1.88%

Source: Ownwell

Property Tax Assessment Values Across Cambridge City, Henry County, Indiana

When examining property taxes in Cambridge City, IN, 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 Henry 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 Henry 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 Cambridge City. For example, the median home price in Cambridge City is $128,800, with tax bills ranging significantly across the county. Zip code 47327 has the highest median home price at $128,800.

Property Tax Assessment Values Across Cambridge City, Henry County, Indiana

Source: Ownwell

$70,100

$152,000

$233,900

Median Cambridge City Market Value

$128,800

Median Henry County Market Value

$106,800

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cambridge City, Henry County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47327	$63,900	$97,100	$128,800	$180,350	$266,800

Source: Ownwell

Property Tax Bills Across Cambridge City, Henry County, Indiana

In Cambridge City, located in Henry County, IN, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. With a median home price of $128,800, the property tax rate is a crucial factor influencing tax bills. The tax bill at the 25th percentile is $524, while at the 75th percentile, it rises to $1,704, and at the 90th percentile, it can reach as high as $3,177. This variability highlights how different factors, such as property location and assessed value, can significantly impact homeowners' tax burdens. The median tax bill in Cambridge City stands at $974, which is below the national median of $2,400, indicating a relatively lower tax burden for homeowners in this area. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging their expertise, homeowners can potentially reduce their tax bills, ensuring they only pay what is fair and accurate, thus alleviating the financial strain of property taxes.

Property Tax Bills Across Cambridge City, Henry County, Indiana

Source: Ownwell

$508

$1,347

$2,185

Median Cambridge City Tax Bill

$974

Median Henry County Tax Bill

$960

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Cambridge City, Henry County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47327	$301	$524	$974	$1,704	$3,177

Source: Ownwell