Vanderburgh County Property Taxes
The median property tax rate in Vanderburgh County is 1.01%, which is slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Vanderburgh County at $135,700, the typical annual property tax bill reaches $1,483, which is below the national median of $2,690. Property taxes in Vanderburgh County are calculated based on the assessed value, often lower than the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Vanderburgh 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 Evansville or another part of Vanderburgh County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vanderburgh County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,371
Ownwell’s Vanderburgh County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Vanderburgh County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Vanderburgh County to estimate your property tax bill. This insightful tool 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 Vanderburgh County, Indiana
Property taxes in Vanderburgh County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Vanderburgh County is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Vanderburgh County set these rates annually, and they can vary significantly between different areas within the county. Each year, Vanderburgh 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 Vanderburgh County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Haubstadt has one of the higher property tax rates in Indiana at 1.25%, while the city of Evansville boasts one of the lowest at 1.01%. Analyzing how Vanderburgh County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Vanderburgh County Tax Rate
1.01%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vanderburgh County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Darmstadt | 0.70% | 0.73% | 1.03% | 1.23% | 1.59% |
| Elberfeld | 1.00% | 1.01% | 1.09% | 1.39% | 1.81% |
| Evansville | 0.68% | 0.86% | 1.01% | 1.33% | 2.19% |
| Haubstadt | 0.90% | 1.08% | 1.25% | 1.54% | 2.23% |
| Poseyville | 0.44% | 0.90% | 1.11% | 1.92% | 2.28% |
| Wadesville | 1.06% | 1.13% | 1.18% | 1.30% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Vanderburgh County, Indiana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Vanderburgh County. 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 Vanderburgh 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 Vanderburgh 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 example, Wadesville has the highest median tax bill at $2,549, while Evansville has the lowest at $1,476. Being aware of these valuation processes in Vanderburgh County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Vanderburgh County, Indiana
Source: Ownwell
$55,350
$161,325
$267,300
Average Vanderburgh County Assessed Value
$135,700
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vanderburgh County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Darmstadt | $119,910 | $170,225 | $241,400 | $337,350 | $515,370 |
| Elberfeld | $126,500 | $141,350 | $158,200 | $190,325 | $232,670 |
| Evansville | $42,000 | $70,500 | $134,800 | $222,000 | $312,450 |
| Haubstadt | $101,220 | $137,300 | $184,200 | $243,050 | $328,300 |
| Poseyville | $74,720 | $114,350 | $170,700 | $222,700 | $304,020 |
| Wadesville | $95,170 | $146,200 | $205,250 | $235,975 | $288,310 |
Source: Ownwell
Property Tax Bills Across Vanderburgh County, Indiana
Property tax bills in Vanderburgh County, Indiana, are calculated based on the assessed value of a property, which is determined by local assessors. This 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 renovations made. Homeowners in Vanderburgh County might see a range of property tax bills. For instance, the tax bill at the 25th percentile is $779, while it rises to $2,420 at the 75th percentile and $3,551 at the 90th percentile. The median home price in the county is $135,700, which helps give context to these figures. Comparatively, the national median property tax rate is 0.99%. In Vanderburgh County, the highest median tax bill is found in Wadesville at $2,549, while the lowest is in Evansville at $1,476. These tax bills significantly impact homeowners' annual expenses and can influence decisions related to property ownership and investment.
Average Vanderburgh County Tax Bill
$1,483
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Vanderburgh County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Darmstadt | $1,100 | $1,607 | $2,208 | $3,630 | $5,413 |
| Elberfeld | $1,268 | $1,433 | $2,268 | $3,130 | $3,345 |
| Evansville | $443 | $774 | $1,476 | $2,411 | $3,534 |
| Haubstadt | $834 | $1,532 | $2,320 | $3,587 | $5,615 |
| Poseyville | $255 | $844 | $1,799 | $3,041 | $5,537 |
| Wadesville | $1,006 | $1,667 | $2,549 | $2,898 | $3,305 |
Source: Ownwell