Rush County, Indiana Property Taxes
The median property tax rate in Rush County is 0.92%, which is slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $138,800 in Rush County, the typical annual property tax bill is approximately $1,215, significantly less than the national median of $2,690. Property taxes in Rush County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Rush 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 Rushville or another part of Rush County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rush County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,277
$1,185
Ownwell’s Rush County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Rush County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Rush 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 Rush County, Indiana
Property taxes in Rush County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Rush County is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Rush County set these rates annually, and they can vary significantly between different areas within the county. Each year, Rush 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. The following data compares Rush County's effective property tax rate with other counties and the national median. For comparison, the city of Greenfield has one of the higher property tax rates in Indiana at 1.02%, while the city of Mays boasts one of the lowest at 0.44%. Analyzing how Rush County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Rush County Tax Rate
0.92%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rush County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | 0.40% | 0.58% | 0.74% | 1.33% | 1.49% |
| Carthage | 0.62% | 0.82% | 0.96% | 1.53% | 1.97% |
| Falmouth | 0.41% | 0.58% | 0.81% | 1.25% | 1.44% |
| Glenwood | 0.50% | 0.63% | 0.80% | 1.26% | 1.86% |
| Greenfield | 0.62% | 0.84% | 1.02% | 1.45% | 1.86% |
| Greensburg | 0.38% | 0.51% | 0.71% | 1.19% | 1.45% |
| Homer | 0.29% | 0.46% | 0.64% | 1.34% | 2.05% |
| Knightstown | 0.50% | 0.68% | 0.86% | 1.03% | 1.28% |
| Lewisville | 0.40% | 0.55% | 0.71% | 0.80% | 1.26% |
| Manilla | 0.33% | 0.51% | 0.69% | 1.32% | 1.45% |
| Mays | 0.29% | 0.34% | 0.44% | 1.01% | 1.39% |
| Milroy | 0.34% | 0.48% | 0.73% | 1.31% | 1.40% |
| Morristown | 0.60% | 0.65% | 0.93% | 1.15% | 1.51% |
| Rushville | 0.48% | 0.69% | 0.93% | 1.32% | 1.88% |
| Saint Paul | 0.16% | 0.43% | 0.69% | 0.83% | 1.04% |
| Shelbyville | N/A | N/A | N/A | N/A | N/A |
| Waldron | 0.52% | 0.65% | 0.71% | 0.92% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Rush County, Indiana
In Rush 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 Rush 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 Rush 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 Rush County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Morristown has the highest median tax bill at $2,078, while Greensburg has the lowest at $443.
Average Rush County Assessed Value
$138,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rush County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $43,660 | $90,800 | $153,150 | $216,400 | $319,270 |
| Carthage | $49,700 | $90,200 | $145,800 | $218,400 | $320,640 |
| Falmouth | $49,340 | $102,150 | $178,000 | $290,350 | $451,860 |
| Glenwood | $44,660 | $72,850 | $125,800 | $206,850 | $355,340 |
| Greenfield | $78,960 | $148,700 | $189,500 | $230,050 | $312,800 |
| Greensburg | $12,940 | $42,250 | $58,500 | $111,450 | $291,340 |
| Homer | $20,080 | $64,300 | $97,300 | $139,500 | $198,640 |
| Knightstown | $118,760 | $167,050 | $230,100 | $285,650 | $381,220 |
| Lewisville | $118,640 | $156,050 | $220,800 | $292,200 | $445,240 |
| Manilla | $35,000 | $84,700 | $138,000 | $212,700 | $312,000 |
| Mays | $46,180 | $64,500 | $93,700 | $117,500 | $143,720 |
| Milroy | $40,000 | $79,800 | $130,600 | $244,875 | $384,500 |
| Morristown | $117,240 | $166,525 | $231,050 | $312,500 | $416,120 |
| Rushville | $49,190 | $85,700 | $133,700 | $206,175 | $312,190 |
| Saint Paul | $106,970 | $125,900 | $238,850 | $288,675 | $340,950 |
| Shelbyville | N/A | N/A | N/A | N/A | N/A |
| Waldron | $138,280 | $189,425 | $220,700 | $334,350 | $474,440 |
Source: Ownwell
Property Tax Bills Across Rush County, Indiana
In Rush County, Indiana, property tax bills are determined by assessing the market value of a property and applying the local tax rate to this value. The median home price in the county is $138,800. Property taxes are influenced by several factors, including the property's assessed value, exemptions, and local tax rates. For example, the median property tax bill in Rush County is $1,374, which is higher than the national median property tax rate of 0.99%. Homeowners in Morristown face the highest median tax bill at $2,078, while those in Greensburg enjoy the lowest at $443. The tax bill can vary significantly within the county, with the 25th percentile at $724 and the 75th percentile at $2,007. At the 90th percentile, homeowners might see a tax bill as high as $3,329. These variations can significantly impact homeowners, influencing their overall financial planning and the affordability of homeownership in different parts of the county.
Average Rush County Tax Bill
$1,215
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Rush County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $273 | $627 | $1,131 | $1,945 | $2,845 |
| Carthage | $489 | $874 | $1,421 | $2,460 | $3,629 |
| Falmouth | $278 | $661 | $1,452 | $2,800 | $4,874 |
| Glenwood | $326 | $591 | $1,081 | $1,988 | $3,535 |
| Greenfield | $1,071 | $1,336 | $1,938 | $2,536 | $4,497 |
| Greensburg | $88 | $213 | $443 | $916 | $2,062 |
| Homer | $172 | $253 | $675 | $1,174 | $1,644 |
| Knightstown | $625 | $1,215 | $1,977 | $2,753 | $3,945 |
| Lewisville | $508 | $841 | $1,570 | $2,496 | $5,680 |
| Manilla | $243 | $466 | $973 | $1,709 | $2,840 |
| Mays | $227 | $293 | $468 | $637 | $926 |
| Milroy | $186 | $356 | $984 | $2,207 | $3,779 |
| Morristown | $754 | $1,125 | $2,078 | $3,675 | $4,203 |
| Rushville | $426 | $791 | $1,210 | $1,879 | $3,071 |
| Saint Paul | $300 | $623 | $1,358 | $2,102 | $2,827 |
| Shelbyville | N/A | N/A | N/A | N/A | N/A |
| Waldron | $878 | $1,206 | $1,431 | $2,642 | $3,905 |
Source: Ownwell