Edinburgh, Shelby County, Indiana Property Taxes
Median Edinburgh, IN effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Edinburgh, IN home value: $264,950
Median annual Edinburgh, IN tax bill: $1,641, $759 lower than the national median property tax bill of $2,400.
How are property taxes in Shelby County calculated?
Property taxes in Edinburgh, IN 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 Edinburgh’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Edinburgh, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Edinburgh, Shelby County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$1,590
$1,475
Property Tax Rates Across Edinburgh, Shelby County, Indiana
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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, in a nutshell, this is the annual process. Below, you can compare Edinburgh’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
In Edinburgh, Johnson County, Indiana, the property tax rate stands at a significant contrast to the national median property tax rate. With a rate that is notably lower than the national average of 1.02%, homeowners in Edinburgh benefit from a more favorable tax environment. This lower rate can translate into substantial savings for property owners, making Edinburgh an attractive location for those looking to minimize their property tax burden. The effective property tax rate in Edinburgh also offers a competitive edge compared to other regions within the state, where rates can often vary significantly. This makes it an appealing choice for prospective homeowners and investors seeking value in their real estate investments.
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 Edinburgh Tax Rate
0.60%
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 Shelby County Tax Rate
0.85%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Edinburgh, Shelby County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46124 | 0.36% | 0.52% | 0.60% | 0.76% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Edinburgh, Shelby County, Indiana
When examining property taxes in Edinburgh, Indiana, 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 Shelby County appraisal district 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.
In Shelby 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 Edinburgh.
For example, the median home price in Edinburgh is $264,950, with tax bills ranging significantly across the county. Zip code 46124 has the highest median home price at $264,950.
Property Tax Assessment Values Across Edinburgh, Shelby County, Indiana
Source: Ownwell
$79,800
$172,375
$264,950
Median Edinburgh Market Value
$264,950
Median Shelby County Market Value
$152,000
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Edinburgh, Shelby County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46124 | $109,950 | $178,725 | $264,950 | $361,925 | $498,990 |
Source: Ownwell
Property Tax Bills Across Edinburgh, Shelby County, Indiana
Median Edinburgh Tax Bill
$1,641
Median Shelby County Tax Bill
$1,312
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Edinburgh, Shelby County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46124 | $381 | $911 | $1,641 | $2,593 | $3,609 |
Source: Ownwell