Tell City, Indiana Property Taxes
The median property tax rate in Tell City, IN is 0.90%, slightly below the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Tell City at $107,450, the typical annual property tax bill reaches $1,023, which is lower than the national median of $2,690. Property taxes in Tell City are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Tell City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Tell City or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tell City, 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 Tell City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tell City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tell City 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 Tell City, Indiana
Property taxes in Tell City, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tell City is 0.90%, slightly lower than the U.S. national median of 0.99%. Local government entities within Tell City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tell City 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 Tell City's effective property tax rate to other regions in Indiana and the national median. For comparison, the zip code 47586 has both the highest and lowest median property tax rate of 0.90%, mirroring Tell City's rate. Understanding how these cities compare with Tell City provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tell City Tax Rate
0.90%
Average Perry County Tax Rate
0.94%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tell City, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47586 | 0.39% | 0.66% | 0.90% | 1.18% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Tell City, Indiana
In Tell City, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Perry County Assessor 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 Tell City, 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 in Tell City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $107,450, with the 25th percentile tax bill at $496 and the 75th percentile tax bill at $1,603. The zip code 47586 has both the highest and lowest median tax bill of $1,023.
Average Tell City Assessed Value
$107,450
Average Perry County Assessed Value
$97,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tell City, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47586 | $43,730 | $70,700 | $107,450 | $158,600 | $217,210 |
Source: Ownwell
Property Tax Bills Across Tell City, Indiana
Property tax bills in Tell City, located in Perry County, IN, are determined by assessing the value of your property and applying the local tax rate. The assessed value is derived from the market value of your home, which in Tell City has a median home price of $107,450. This assessed value is then multiplied by the property tax rate, which is specific to the area and can vary within the county. For example, the median tax bill in Tell City is $1023.00, with the 25th percentile tax bill at $496 and the 75th percentile reaching $1603. Several factors influence your property tax bill, including property size, location, and any applicable exemptions. These taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners in Tell City may experience varying tax bills, but understanding how these are calculated helps in planning and budgeting effectively. Compared to the national median property tax rate of 0.99%, Tell City's property tax rate can provide a beneficial context for homeowners.
Average Tell City Tax Bill
$1,023
Average Perry County Tax Bill
$927
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Tell City, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47586 | $259 | $496 | $1,023 | $1,603 | $2,279 |
Source: Ownwell