Campbellsburg, Indiana Property Taxes
The median property tax rate in Campbellsburg, IN is 0.69%, which is notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Campbellsburg at $138,800, the typical annual property tax bill amounts to $1,148, significantly below the national median of $2,690. Property taxes in Campbellsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Campbellsburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Campbellsburg or another part of Orange County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Campbellsburg, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Campbellsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campbellsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbellsburg to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Campbellsburg, Indiana
Property taxes in Campbellsburg, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbellsburg is 0.69%, lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Campbellsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbellsburg estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Campbellsburg's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47108 has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Campbellsburg provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbellsburg Tax Rate
0.69%
Average Orange County Tax Rate
0.80%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campbellsburg, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47108 | 0.39% | 0.55% | 0.69% | 1.07% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Campbellsburg, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Campbellsburg, Indiana. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Orange County Assessor's Office for tax purposes. In contrast, the assessed value 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. In Campbellsburg, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills in the area are both $1,148, found in zip code 47108.
Average Campbellsburg Assessed Value
$138,800
Average Orange County Assessed Value
$102,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campbellsburg, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47108 | $73,430 | $106,000 | $138,800 | $179,225 | $266,960 |
Source: Ownwell
Property Tax Bills Across Campbellsburg, Indiana
In Campbellsburg, located in Orange County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor and reflects the market value of the property. Once assessed, the property tax rate is applied to this value to calculate the tax bill. The median home price in Campbellsburg is $138,800, and property tax bills vary widely. For instance, the 25th percentile tax bill is $650, while the 75th percentile tax bill reaches $1,919, and the 90th percentile tax bill can be as high as $2,307. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. Homeowners in Campbellsburg should be aware that the local property tax rate and assessed property value directly impact their annual tax bill. Compared to the national median property tax rate of 0.99%, Campbellsburg's rates can significantly affect household budgets, making it essential for homeowners to understand and possibly appeal their assessed values to manage their tax obligations effectively.
Average Campbellsburg Tax Bill
$1,148
Average Orange County Tax Bill
$783
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Campbellsburg, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47108 | $352 | $650 | $1,148 | $1,919 | $2,307 |
Source: Ownwell