Shelby County, Indiana Property Taxes
The median property tax rate in Shelby County is 0.85%, which is slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Shelby County at $152,000, the typical annual property tax bill amounts to $1,312, considerably less than the national median of $2,690. Property taxes in Shelby County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Shelby County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can yield significant annual savings. Whether you live in Shelbyville or another part of Shelby County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shelby County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,292
$1,199
Ownwell’s Shelby County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelby County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Shelby 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 Shelby County, Indiana
Property taxes in Shelby County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Shelby County is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Shelby County set these rates annually, and they can vary significantly between different areas within the county. Each year, Shelby 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 Shelbyville has one of the higher property tax rates in the state at 0.93%, while the city of Edinburgh boasts one of the lowest at 0.60%. Analyzing how Shelby County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Shelby County Tax Rate
0.85%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shelby County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | N/A | N/A | N/A | N/A | N/A |
| Boggstown | 0.42% | 0.60% | 0.72% | 0.91% | 1.33% |
| Edinburgh | 0.36% | 0.52% | 0.60% | 0.76% | 1.05% |
| Fairland | 0.38% | 0.56% | 0.69% | 0.88% | 1.36% |
| Flat Rock | 0.32% | 0.45% | 0.66% | 1.06% | 1.56% |
| Fountaintown | 0.49% | 0.63% | 0.75% | 0.97% | 1.52% |
| Franklin | 0.40% | 0.53% | 0.62% | 1.03% | 1.16% |
| Greenfield | N/A | N/A | N/A | N/A | N/A |
| Greensburg | 0.54% | 0.69% | 0.81% | 0.99% | 1.39% |
| Gwynneville | 0.35% | 0.43% | 0.69% | 1.58% | 1.62% |
| Indianapolis | 0.54% | 0.61% | 0.65% | 0.77% | 1.23% |
| Manilla | 0.53% | 0.69% | 0.78% | 0.92% | 1.51% |
| Morristown | 0.55% | 0.74% | 0.89% | 1.41% | 1.76% |
| Needham | 0.52% | 0.65% | 0.77% | 1.31% | 1.35% |
| New Palestine | 0.54% | 0.60% | 0.66% | 0.76% | 1.20% |
| Saint Paul | 0.42% | 0.60% | 0.79% | 1.36% | 1.68% |
| Shelbyville | 0.51% | 0.71% | 0.93% | 1.24% | 1.93% |
| Waldron | 0.39% | 0.59% | 0.77% | 1.24% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Shelby County, Indiana
In Shelby 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 Shelby 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 Shelby 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. For instance, Arlington has the highest median tax bill at $2,707, while Gwynneville has the lowest at $538. Being aware of these valuation processes in Shelby County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Shelby County Assessed Value
$152,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shelby County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | N/A | N/A | N/A | N/A | N/A |
| Boggstown | $43,670 | $107,100 | $174,600 | $252,075 | $343,490 |
| Edinburgh | $109,950 | $178,725 | $264,950 | $361,925 | $498,990 |
| Fairland | $66,700 | $111,100 | $178,500 | $264,700 | $378,640 |
| Flat Rock | $28,700 | $70,350 | $123,700 | $209,450 | $301,600 |
| Fountaintown | $72,360 | $130,700 | $210,900 | $301,300 | $419,580 |
| Franklin | $55,500 | $98,800 | $157,700 | $209,100 | $312,500 |
| Greenfield | N/A | N/A | N/A | N/A | N/A |
| Greensburg | $92,010 | $123,800 | $165,850 | $255,125 | $311,370 |
| Gwynneville | $12,260 | $56,500 | $79,800 | $106,300 | $138,060 |
| Indianapolis | $88,840 | $191,400 | $243,200 | $285,600 | $366,760 |
| Manilla | $77,020 | $116,425 | $161,400 | $221,775 | $320,740 |
| Morristown | $54,600 | $104,950 | $162,800 | $218,200 | $308,010 |
| Needham | $12,580 | $34,850 | $146,950 | $242,425 | $346,600 |
| New Palestine | $137,400 | $154,500 | $180,900 | $270,800 | $447,640 |
| Saint Paul | $30,910 | $65,850 | $115,650 | $160,325 | $230,050 |
| Shelbyville | $65,390 | $90,200 | $139,900 | $201,900 | $282,200 |
| Waldron | $36,400 | $82,500 | $132,300 | $187,800 | $257,500 |
Source: Ownwell
Property Tax Bills Across Shelby County, Indiana
In Shelby County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's market value, location, and any improvements or modifications made to the home. Homeowners in Shelby County experience a range of tax bills. For instance, those in the 25th percentile pay around $771 annually, while those in the 75th percentile pay approximately $1,975. At the higher end, the 90th percentile sees tax bills reaching up to $2,971. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. This variability in tax bills can significantly impact homeowners, influencing decisions about purchasing, selling, or improving properties. Lower tax bills, like the $538 median in Gwynneville, can make areas more attractive to potential buyers, while higher bills, such as the $2,707 median in Arlington, may deter some.
Average Shelby County Tax Bill
$1,312
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelby County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | N/A | N/A | N/A | N/A | N/A |
| Boggstown | $238 | $571 | $1,295 | $2,036 | $3,074 |
| Edinburgh | $381 | $911 | $1,641 | $2,593 | $3,609 |
| Fairland | $287 | $676 | $1,232 | $2,090 | $3,025 |
| Flat Rock | $181 | $364 | $786 | $1,601 | $2,509 |
| Fountaintown | $424 | $860 | $1,624 | $2,599 | $3,777 |
| Franklin | $323 | $602 | $1,059 | $1,646 | $2,472 |
| Greenfield | N/A | N/A | N/A | N/A | N/A |
| Greensburg | $490 | $918 | $1,431 | $2,225 | $3,507 |
| Gwynneville | $118 | $226 | $538 | $954 | $1,464 |
| Indianapolis | $748 | $1,214 | $1,541 | $2,013 | $2,755 |
| Manilla | $479 | $912 | $1,369 | $2,075 | $3,079 |
| Morristown | $409 | $858 | $1,488 | $2,254 | $3,253 |
| Needham | $133 | $289 | $1,087 | $1,824 | $2,696 |
| New Palestine | $768 | $946 | $1,263 | $2,099 | $3,523 |
| Saint Paul | $215 | $385 | $879 | $1,461 | $2,205 |
| Shelbyville | $434 | $848 | $1,313 | $1,936 | $2,856 |
| Waldron | $234 | $514 | $997 | $1,635 | $2,474 |
Source: Ownwell