Switzerland County, Indiana Property Taxes
The median property tax rate in Switzerland County is 0.80%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $86,100 in Switzerland County, the typical annual property tax bill is $696, significantly below the national median of $2,690. Property taxes in Switzerland County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Switzerland County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Vevay or another part of Switzerland County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Switzerland County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$689
$639
Ownwell’s Switzerland County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Switzerland County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Switzerland 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 Switzerland County, Indiana
Property taxes in Switzerland County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Switzerland County is 0.80%, which is lower than the Indiana state median and the U.S. national median of 0.99%. Local government entities within Switzerland County set these rates annually, and they can vary significantly between different areas within the county. Each year, Switzerland 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 East Enterprise has one of the higher property tax rates in Indiana at 1.45%, while the city of Canaan boasts one of the lowest at 0.70%. Analyzing how Switzerland County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Switzerland County Tax Rate
0.80%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Switzerland County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bennington | 0.45% | 0.59% | 0.75% | 1.27% | 1.47% |
| Canaan | 0.39% | 0.50% | 0.70% | 1.19% | 1.46% |
| Cross Plains | 0.46% | 0.57% | 0.75% | 1.21% | 1.40% |
| Dillsboro | 0.44% | 0.52% | 0.75% | 1.20% | 1.46% |
| East Enterprise | N/A | N/A | N/A | N/A | N/A |
| Florence | 0.39% | 0.54% | 0.73% | 1.43% | 1.47% |
| Madison | 0.42% | 0.57% | 0.73% | 1.23% | 1.48% |
| Patriot | 0.43% | 0.60% | 1.42% | 1.47% | 1.80% |
| Rising Sun | 0.41% | 0.55% | 0.73% | 1.42% | 1.48% |
| Vevay | 0.40% | 0.58% | 0.82% | 1.46% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Switzerland County, Indiana
In Switzerland 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 Switzerland 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 Switzerland 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. In Switzerland County, the highest median tax bill is found in Dillsboro at $933, while the lowest is in Patriot at $426. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Switzerland County, Indiana
Source: Ownwell
$45,800
$80,375
$114,950
Average Switzerland County Assessed Value
$86,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Switzerland County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bennington | $42,690 | $80,950 | $114,450 | $166,350 | $220,970 |
| Canaan | $40,780 | $65,950 | $97,200 | $161,800 | $217,300 |
| Cross Plains | $39,700 | $50,500 | $78,400 | $120,800 | $191,700 |
| Dillsboro | $57,180 | $77,725 | $114,950 | $166,450 | $245,920 |
| East Enterprise | N/A | N/A | N/A | N/A | N/A |
| Florence | $25,020 | $54,675 | $90,900 | $130,225 | $173,810 |
| Madison | $30,920 | $66,100 | $103,350 | $138,325 | $197,700 |
| Patriot | $7,600 | $17,850 | $45,800 | $95,350 | $153,000 |
| Rising Sun | $36,600 | $67,050 | $94,600 | $139,500 | $189,200 |
| Vevay | $29,700 | $52,500 | $88,500 | $134,700 | $192,220 |
Source: Ownwell
Property Tax Bills Across Switzerland County, Indiana
In Switzerland County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax bill is influenced by the property's market value, local tax rates, and any applicable exemptions or deductions. Homeowners in this county experience a range of property tax bills, with the 25th percentile paying around $347 and the 75th percentile paying approximately $1,232. At the 90th percentile, tax bills can reach up to $1,926. The median home price in Switzerland County is $86,100, which contributes significantly to the calculation of property taxes. Notably, Dillsboro has the highest median tax bill in the county at $933, while Patriot has the lowest at $426. These figures highlight the variability in tax burdens across different areas within the county. Compared to the national median property tax rate of 0.99%, Switzerland County's rates can vary widely, impacting homeowners differently based on their property's assessed value and location.
Average Switzerland County Tax Bill
$696
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Switzerland County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bennington | $255 | $475 | $910 | $1,526 | $2,270 |
| Canaan | $225 | $371 | $772 | $1,378 | $2,086 |
| Cross Plains | $276 | $409 | $548 | $1,245 | $2,210 |
| Dillsboro | $295 | $403 | $933 | $1,537 | $2,577 |
| East Enterprise | N/A | N/A | N/A | N/A | N/A |
| Florence | $200 | $343 | $657 | $1,094 | $1,692 |
| Madison | $230 | $420 | $734 | $1,204 | $1,709 |
| Patriot | $74 | $181 | $426 | $822 | $1,438 |
| Rising Sun | $232 | $416 | $788 | $1,252 | $1,735 |
| Vevay | $201 | $379 | $751 | $1,310 | $2,003 |
Source: Ownwell