Evansville, Vanderburgh County, Indiana Property Taxes
Median Evansville, IN effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but higher than the Indiana state median of 0.99%.
Median Evansville, IN home value: $134,800
Median annual Evansville, IN tax bill: $1,476, $924 lower than the national median property tax bill of $2,400.
How are property taxes in Vanderburgh County calculated?
Property taxes in Evansville, 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 Evansville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Evansville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Evansville, Vanderburgh County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.01%
Estimate Property Tax Bill
$1,361
$1,263
Ownwell’s Evansville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Evansville with just two data points.
By entering your property's estimated assessed value, our calculator applies Evansville’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 Vanderburgh County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Evansville, Vanderburgh County, Indiana
Local government entities set tax rates, which can vary widely within a state. 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 Evansville’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
In Vanderburgh County, where Evansville is located, the property tax rate is slightly below the national median. However, it's important to note that within Evansville itself, the tax rates can vary. For instance, the highest median tax rate in the city is found in the 47713 ZIP code, while the lowest is in the 47715 ZIP code. These variations reflect the diverse nature of property values and community needs within the city. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.
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 Evansville Tax Rate
1.01%
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 Vanderburgh County Tax Rate
1.01%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Evansville, Vanderburgh County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47708 | 0.99% | 1.01% | 1.09% | 1.62% | 2.18% |
| 47710 | 0.65% | 0.83% | 1.05% | 2.01% | 2.22% |
| 47711 | 0.69% | 0.86% | 0.98% | 1.41% | 2.19% |
| 47712 | 0.62% | 0.83% | 1.02% | 1.49% | 2.19% |
| 47713 | 0.66% | 0.89% | 1.27% | 2.19% | 2.44% |
| 47714 | 0.65% | 0.81% | 0.99% | 1.81% | 2.20% |
| 47715 | 0.70% | 0.87% | 0.97% | 1.10% | 1.67% |
| 47720 | 0.68% | 0.90% | 1.07% | 1.24% | 2.10% |
| 47725 | 0.80% | 0.93% | 1.01% | 1.11% | 1.43% |
| 47722 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Evansville, Vanderburgh County, Indiana
When examining property taxes in Evansville, 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 Vanderburgh 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 Vanderburgh County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Evansville.
For example, the median home price in Evansville is $134,800, with tax bills ranging significantly across the county. Zip code 47725 has the highest median home price at $267,300.
Property Tax Assessment Values Across Evansville, Vanderburgh County, Indiana
Source: Ownwell
$55,350
$161,325
$267,300
Median Evansville Market Value
$134,800
Median Vanderburgh County Market Value
$135,700
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Evansville, Vanderburgh County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47708 | $139,400 | $176,900 | $217,400 | $255,000 | $417,040 |
| 47710 | $26,400 | $45,200 | $105,300 | $152,500 | $222,960 |
| 47711 | $37,400 | $63,700 | $113,700 | $222,800 | $291,800 |
| 47712 | $38,000 | $62,800 | $111,200 | $192,975 | $273,180 |
| 47713 | $28,200 | $40,400 | $55,350 | $75,900 | $122,400 |
| 47714 | $44,470 | $62,100 | $86,000 | $130,700 | $199,000 |
| 47715 | $101,100 | $148,700 | $190,400 | $245,200 | $351,240 |
| 47720 | $87,100 | $123,200 | $168,900 | $232,200 | $319,860 |
| 47725 | $150,880 | $208,700 | $267,300 | $344,000 | $466,860 |
| 47722 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Evansville, Vanderburgh County, Indiana
In Evansville, located in Vanderburgh County, Indiana, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors, such as property size, location, and improvements, can influence the assessed value. Homeowners in Evansville experience a range in property tax bills, with the 25th percentile being $774 and the 75th percentile reaching $2,411. The highest median tax bill in the area is $2,762 in the 47725 zip code, while the lowest is $710 in the 47713 zip code. These figures highlight the significant variability in tax burdens across different neighborhoods.
Ownwell assists homeowners by reviewing their property assessments to identify potential discrepancies or opportunities for tax reductions. By filing appeals and exemptions, Ownwell can help reduce the financial burden of property taxes, ensuring homeowners are not overpaying and are aligned with fair market values.
Median Evansville Tax Bill
$1,476
Median Vanderburgh County Tax Bill
$1,483
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Evansville, Vanderburgh County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47708 | $1,503 | $1,891 | $2,578 | $4,207 | $4,988 |
| 47710 | $333 | $604 | $1,072 | $1,701 | $2,469 |
| 47711 | $428 | $695 | $1,390 | $2,312 | $3,159 |
| 47712 | $372 | $635 | $1,262 | $2,077 | $3,186 |
| 47713 | $269 | $453 | $710 | $1,218 | $2,119 |
| 47714 | $419 | $619 | $1,034 | $1,595 | $2,362 |
| 47715 | $839 | $1,364 | $1,907 | $2,763 | $3,809 |
| 47720 | $638 | $1,199 | $1,882 | $2,811 | $4,046 |
| 47725 | $1,365 | $1,996 | $2,762 | $3,762 | $5,243 |
| 47722 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell