Morgan County, Indiana Property Taxes

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

Median Morgan County effective property tax rate: 0.54%, significantly lower than the national median of 1.02%.
Median Morgan County home value: $228,450
Median annual Morgan County tax bill: $1,323, $1,077 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

Property taxes in Morgan County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Martinsville or another part of Morgan County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Morgan County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.54%

Estimate Property Tax Bill

$1,234

$1,145

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

Property Tax Rates Across Morgan 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 Morgan County's effective property tax rate to other counties in Indiana or the U.S. median property tax rate. Morgan County's median property tax rate is significantly lower than the national median of 1.02%. This can be advantageous for property owners in Morgan County, offering potential savings compared to higher-tax areas. Within Indiana, tax rates can fluctuate, with some areas like Clayton having higher rates and others like Gosport offering even lower rates. Understanding these differences can help property owners make informed decisions and potentially benefit from lower property tax obligations.

Property Tax Rates Across Morgan County, Indiana

Source: Ownwell

0.41%

0.73%

1.05%

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 Morgan County Tax Rate

0.54%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Morgan County, Indiana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bargersville	0.25%	0.42%	0.51%	0.70%	0.90%
Brooklyn	0.26%	0.38%	0.47%	1.02%	1.24%
Camby	0.31%	0.40%	0.46%	0.57%	0.90%
Clayton	0.58%	0.63%	1.05%	1.21%	1.27%
Cloverdale	0.50%	0.56%	0.63%	1.02%	1.19%
Eminence	N/A	N/A	N/A	N/A	N/A
Gosport	0.25%	0.33%	0.41%	0.56%	0.73%
Greenwood	N/A	N/A	N/A	N/A	N/A
Martinsville	0.34%	0.42%	0.52%	0.81%	1.34%
Monrovia	0.38%	0.51%	0.58%	0.74%	1.13%
Mooresville	0.41%	0.49%	0.57%	0.71%	1.19%
Morgantown	0.38%	0.48%	0.56%	0.87%	1.36%
Paragon	0.28%	0.37%	0.52%	0.77%	1.05%
Quincy	0.35%	0.44%	0.57%	0.69%	1.04%
Stilesville	0.41%	0.52%	0.60%	1.00%	1.09%

Source: Ownwell

Property Tax Assessment Values Across Morgan County, Indiana

When examining property taxes in Morgan County, 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 Morgan 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. Assessment notices: In Morgan 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 Morgan County. For example, the median tax bill in Morgan County is $1,709, with tax bills ranging significantly across the county. Bargersville has the highest median home price at $349,100.

Property Tax Assessment Values Across Morgan County, Indiana

Source: Ownwell

$125,500

$237,300

$349,100

Median Morgan County Market Value

$228,450

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Morgan County, Indiana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bargersville	$158,800	$249,200	$349,100	$390,400	$843,400
Brooklyn	$26,520	$94,625	$125,500	$163,400	$211,330
Camby	$165,900	$197,400	$245,500	$309,300	$375,960
Clayton	$91,270	$156,650	$220,750	$375,950	$494,440
Cloverdale	$54,380	$143,300	$211,850	$296,475	$432,880
Eminence	N/A	N/A	N/A	N/A	N/A
Gosport	$102,540	$163,400	$216,400	$312,600	$416,080
Greenwood	N/A	N/A	N/A	N/A	N/A
Martinsville	$88,500	$146,700	$217,900	$324,300	$449,500
Monrovia	$110,640	$171,500	$237,000	$299,300	$406,980
Mooresville	$128,910	$181,400	$243,450	$322,525	$423,880
Morgantown	$82,480	$132,700	$200,400	$337,350	$471,160
Paragon	$60,900	$115,100	$175,000	$240,600	$322,400
Quincy	$95,220	$124,700	$186,400	$274,500	$360,060
Stilesville	$73,230	$175,075	$233,200	$325,625	$374,110

Source: Ownwell

Property Tax Bills Across Morgan County, Indiana

In Morgan County, Indiana, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The property tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Morgan County can expect a median property tax bill that is relatively lower than the national median of $2,400. For instance, the 25th percentile tax bill is $827, while the 75th percentile reaches $1,976, indicating a range that reflects varying property values and assessments. In Bargersville, the highest median tax bill is $1,709, whereas Brooklyn has the lowest at $651, showcasing the diversity in property values across different areas within the county. These differences affect homeowners by influencing their annual financial responsibilities, impacting how much they allocate for property taxes compared to other expenses. Understanding these factors can help homeowners anticipate their tax liabilities and manage their budgets effectively.

Property Tax Bills Across Morgan County, Indiana

Source: Ownwell

$651

$1,180

$1,709

Median Morgan County Tax Bill

$1,323

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Morgan County, Indiana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bargersville	$458	$1,055	$1,709	$2,582	$5,737
Brooklyn	$176	$334	$651	$1,060	$1,583
Camby	$545	$804	$1,173	$1,640	$2,261
Clayton	$1,033	$1,136	$1,541	$3,273	$5,997
Cloverdale	$533	$914	$1,506	$2,165	$3,202
Eminence	N/A	N/A	N/A	N/A	N/A
Gosport	$321	$606	$924	$1,381	$1,931
Greenwood	N/A	N/A	N/A	N/A	N/A
Martinsville	$402	$772	$1,304	$1,980	$2,798
Monrovia	$522	$937	$1,403	$2,058	$2,949
Mooresville	$611	$1,002	$1,470	$2,136	$2,880
Morgantown	$426	$803	$1,327	$2,124	$3,060
Paragon	$247	$492	$907	$1,389	$2,001
Quincy	$321	$572	$1,071	$1,788	$2,271
Stilesville	$441	$1,036	$1,606	$2,126	$3,178

Source: Ownwell