Posey County, Indiana Property Taxes
Median Posey County effective property tax rate: 0.86%, significantly lower than the national median of 1.02%. Median Posey County home value: $149,800. Median annual Posey County tax bill: $1,290, $1,110 lower than the national median property tax bill of $2,400.
How are property taxes in Posey County calculated?
Property taxes in Posey 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 Mount Vernon or another part of Posey County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Posey County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$1,288
$1,195
Property Tax Rates Across Posey 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, this is the annual process in a nutshell.
Below, you can compare Posey County's effective property tax rate to other counties in Indiana or the U.S. median property tax rate. Posey County has a median property tax rate of 0.86%, which is below the national median of 1.02%. Within Indiana, tax rates can fluctuate significantly. For instance, Griffin has a higher median tax rate of 1.00%, while Evansville enjoys a lower rate of 0.75%. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities. By staying informed about local property tax trends, you can better navigate the complexities of property taxes and potentially save on your tax bill.
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 Posey County Tax Rate
0.86%
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 Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Posey County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cynthiana | 0.50% | 0.67% | 0.86% | 1.66% | 2.00% |
| Evansville | 0.47% | 0.62% | 0.75% | 0.87% | 1.43% |
| Griffin | 0.46% | 0.65% | 1.00% | 1.83% | 2.33% |
| Mount Vernon | 0.54% | 0.71% | 0.92% | 1.02% | 1.88% |
| New Harmony | 0.47% | 0.71% | 0.91% | 1.63% | 1.90% |
| Poseyville | 0.42% | 0.64% | 0.84% | 1.07% | 1.73% |
| Wadesville | 0.52% | 0.72% | 0.85% | 0.96% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Posey County, Indiana
When examining property taxes in Posey 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 Posey 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 Posey 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 Posey County.
For example, the median tax bill in Posey County is $1,562, with tax bills ranging significantly across the county. Evansville has the highest median home price at $196,300.
Median Posey County Market Value
$149,800
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Posey County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cynthiana | $27,770 | $53,525 | $86,350 | $121,900 | $188,750 |
| Evansville | $86,660 | $141,200 | $196,300 | $273,100 | $355,900 |
| Griffin | $3,600 | $12,800 | $47,700 | $80,000 | $143,580 |
| Mount Vernon | $36,700 | $85,100 | $145,050 | $212,500 | $305,670 |
| New Harmony | $22,220 | $67,100 | $124,800 | $185,200 | $261,900 |
| Poseyville | $36,860 | $85,325 | $130,300 | $186,625 | $270,060 |
| Wadesville | $70,900 | $135,800 | $181,950 | $259,125 | $344,860 |
Source: Ownwell
Property Tax Bills Across Posey County, Indiana
Median Posey County Tax Bill
$1,290
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Posey County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cynthiana | $253 | $442 | $774 | $1,299 | $1,983 |
| Evansville | $411 | $897 | $1,511 | $2,227 | $3,065 |
| Griffin | $52 | $164 | $358 | $782 | $1,859 |
| Mount Vernon | $359 | $715 | $1,289 | $1,929 | $2,808 |
| New Harmony | $245 | $526 | $1,143 | $1,983 | $2,981 |
| Poseyville | $266 | $563 | $1,107 | $1,769 | $2,777 |
| Wadesville | $427 | $960 | $1,562 | $2,499 | $3,455 |
Source: Ownwell