Ohio County, Indiana Property Taxes
The median property tax rate in Ohio County is 0.73%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. Given the median home value in Ohio County is $161,350, the typical annual property tax bill amounts to $1,342, well below the national median of $2,690. Property taxes in Ohio County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Ohio County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Rising Sun or another part of Ohio County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ohio County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,178
$1,093
Ownwell’s Ohio County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ohio County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ohio County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Ohio County, Indiana
Property taxes in Ohio County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ohio County is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Ohio County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ohio County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Cross Plains has one of the higher property tax rates in the region at 0.95%, while the city of Bennington boasts one of the lowest at 0.68%. Analyzing how Ohio County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ohio County Tax Rate
0.73%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ohio County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | 0.51% | 0.64% | 0.72% | 1.05% | 1.37% |
| Bennington | 0.43% | 0.58% | 0.68% | 1.12% | 1.30% |
| Cross Plains | 0.65% | 0.70% | 0.95% | 1.26% | 1.34% |
| Dillsboro | 0.51% | 0.63% | 0.74% | 1.19% | 1.28% |
| Rising Sun | 0.49% | 0.63% | 0.73% | 1.01% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Ohio County, Indiana
In Ohio County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Ohio County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Ohio County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Ohio County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Ohio County, Dillsboro has the highest median tax bill at $1,601, while Bennington has the lowest at $1,045.
Average Ohio County Assessed Value
$161,350
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ohio County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $39,060 | $122,400 | $187,050 | $254,975 | $318,350 |
| Bennington | $81,110 | $121,100 | $155,850 | $216,375 | $258,070 |
| Cross Plains | $48,830 | $97,600 | $159,100 | $230,600 | $275,590 |
| Dillsboro | $78,310 | $129,325 | $187,600 | $270,375 | $314,250 |
| Rising Sun | $75,500 | $109,800 | $152,500 | $216,000 | $285,140 |
Source: Ownwell
Property Tax Bills Across Ohio County, Indiana
In Ohio County, Indiana, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically updated to reflect changes in the real estate market. Factors such as property location, size, and improvements play a significant role in determining this value. Homeowners in Ohio County can expect a wide range of property tax bills. For instance, the 25th percentile tax bill is around $829, while the 75th percentile reaches $1,926. At the 90th percentile, homeowners might see bills as high as $2,593. The city with the highest median tax bill in the county is Dillsboro, at $1,601, whereas Bennington has the lowest median at $1,045. These property taxes directly impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Ohio County's rates can vary significantly, affecting how much residents need to budget for their annual tax obligations.
Average Ohio County Tax Bill
$1,342
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Ohio County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $373 | $840 | $1,446 | $1,936 | $2,671 |
| Bennington | $361 | $734 | $1,045 | $1,566 | $3,011 |
| Cross Plains | $519 | $1,006 | $1,461 | $1,876 | $2,493 |
| Dillsboro | $526 | $909 | $1,601 | $2,173 | $2,849 |
| Rising Sun | $479 | $816 | $1,302 | $1,892 | $2,524 |
Source: Ownwell