Crawfordsville, Montgomery County, Indiana Property Taxes
Median Crawfordsville, IN effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Crawfordsville, IN home value: $163,900
Median annual Crawfordsville, IN tax bill: $1,502, $898 lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery County calculated?
Property taxes in Crawfordsville, 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 Crawfordsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Crawfordsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Crawfordsville, Montgomery County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$1,442
$1,338
Property Tax Rates Across Crawfordsville, Montgomery 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. 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 Crawfordsville, located in Montgomery County, Indiana, the effective property tax rate is 0.88%, which is below the national median of 1.02%. This is beneficial for homeowners as it means lower property tax bills compared to the national average. The median property tax rate in Indiana is also 0.88%, indicating that Crawfordsville aligns with state trends. However, it is important to note that even within a single state, property tax rates can differ significantly due to varying county budgets and property values.
Understanding these differences can be crucial for homeowners looking to manage their property tax expenses effectively. By staying informed about local tax rates and how they compare to state and national averages, property owners can make more 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 Crawfordsville Tax Rate
0.88%
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 Montgomery County Tax Rate
0.77%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Crawfordsville, Montgomery County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47933 | 0.43% | 0.57% | 0.88% | 1.20% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Crawfordsville, Montgomery County, Indiana
When examining property taxes in Crawfordsville, 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 Montgomery 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.
In Montgomery 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 Crawfordsville. For example, the median home price in Crawfordsville is $163,900, with tax bills ranging significantly across the county. Zip code 47933 has the highest median home price at $163,900.
Property Tax Assessment Values Across Crawfordsville, Montgomery County, Indiana
Source: Ownwell
$41,000
$160,550
$280,100
Median Crawfordsville Market Value
$163,900
Median Montgomery County Market Value
$158,100
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Crawfordsville, Montgomery County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47933 | $73,690 | $110,800 | $163,900 | $234,200 | $325,100 |
Source: Ownwell
Property Tax Bills Across Crawfordsville, Montgomery County, Indiana
Median Crawfordsville Tax Bill
$1,502
Median Montgomery County Tax Bill
$1,357
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Crawfordsville, Montgomery County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47933 | $434 | $853 | $1,502 | $2,235 | $3,184 |
Source: Ownwell