Gwynneville, Shelby County, Indiana Property Taxes

Name: Property Tax Bills Across Gwynneville, Shelby County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median GWYNNEVILLE, IN effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median GWYNNEVILLE, IN home value: $79,800
Median annual GWYNNEVILLE, IN tax bill: $538, $1,862 lower than the national median property tax bill of $2,400.

How are property taxes in Shelby County calculated?

Property taxes in GWYNNEVILLE, 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 GWYNNEVILLE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in GWYNNEVILLE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Gwynneville, Shelby County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$551

$511

Ownwell’s Gwynneville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gwynneville with just two data points.

By entering your property's estimated assessed value, our calculator applies Gwynneville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Shelby County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Gwynneville, Shelby County, Indiana

Local government entities determine tax rates, and these can differ significantly within a state. This is because each county annually estimates its budget needs for providing services and divides this by the total value of all taxable properties in its area. This calculation yields the property tax rate. While voting and legislation play a role in setting these rates and budgets, this is essentially the yearly process. In GWYNNEVILLE, located in Shelby County, the effective property tax rate stands at 0.69%. This rate is notably below the national median property tax rate of 1.02%, offering residents a more favorable tax environment compared to many other regions across the country. When comparing to other cities within Indiana, GWYNNEVILLE maintains a consistent rate, as it also represents both the highest and lowest median tax rate within its zip code. This stability may be appealing for property owners seeking predictability in their tax obligations. Understanding these dynamics can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Gwynneville, Shelby County, Indiana

Source: Ownwell

0.60%

0.76%

0.93%

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 Gwynneville Tax Rate

0.69%

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 Gwynneville, Shelby County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46144	0.35%	0.43%	0.69%	1.58%	1.62%

Source: Ownwell

Property Tax Assessment Values Across Gwynneville, Shelby County, Indiana

When examining property taxes in Gwynneville, 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 Assessor 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 Gwynneville. For example, the median home price in Gwynneville is $79,800, with tax bills ranging significantly across the county. Zip code 46144 has the highest median home price at $79,800.

Property Tax Assessment Values Across Gwynneville, Shelby County, Indiana

Source: Ownwell

$79,800

$172,375

$264,950

Median Gwynneville Market Value

$79,800

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 Gwynneville, Shelby County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46144	$12,260	$56,500	$79,800	$106,300	$138,060

Source: Ownwell

Property Tax Bills Across Gwynneville, Shelby County, Indiana

In Gwynneville, located in Shelby County, IN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Gwynneville is $79,800, and the median property tax bill is $538, significantly lower than the national median of $2,400. Homeowners in Gwynneville can expect their tax bills to fall within a range, with the 25th percentile at $226 and the 75th percentile at $954, indicating variability based on property values and specific tax levies. The tax bill is influenced by factors such as property size, location, and any applicable exemptions. High property tax bills can strain homeowners, making it crucial to ensure assessments are accurate. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners achieve fair taxation, offering peace of mind and potential savings in a region where every dollar counts.

Property Tax Bills Across Gwynneville, Shelby County, Indiana

Source: Ownwell

$538

$1,090

$1,641

Median Gwynneville Tax Bill

$538

Median Shelby County Tax Bill

$1,312

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Gwynneville, Shelby County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46144	$118	$226	$538	$954	$1,464

Source: Ownwell