Vermillion County, Indiana Property Taxes

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

Median Vermillion County effective property tax rate: 1.02%, matching the national median of 1.02%.
Median Vermillion County home value: $78,500
Median annual Vermillion County tax bill: $864, $1,536 lower than the national median property tax bill of $2,400.

How are property taxes in Vermillion County calculated?

Property taxes in Vermillion County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Clinton or another part of Vermillion County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Vermillion County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$801

$743

Ownwell’s Vermillion County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vermillion County with just two data points. By entering your property's estimated assessed value, our calculator applies Vermillion County’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 more 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 Vermillion County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Vermillion County, Indiana

Local government entities in Indiana set tax rates, which can vary widely within the state. Each year, Vermillion County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting 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 Vermillion County's effective property tax rate to other counties in Indiana or the U.S. median property tax rate.

Property Tax Rates Across Vermillion County, Indiana

Source: Ownwell

0.93%

1.28%

1.62%

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 Vermillion County Tax Rate

1.02%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vermillion County, Indiana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Blanford	0.50%	0.67%	0.96%	2.30%	3.50%
Cayuga	0.38%	0.72%	0.98%	1.68%	2.04%
Clinton	0.52%	0.84%	1.02%	1.93%	2.21%
Covington	0.42%	0.72%	0.99%	1.47%	2.00%
Dana	0.52%	0.79%	1.05%	1.92%	2.36%
Hillsdale	0.53%	0.78%	1.06%	1.67%	2.10%
Newport	0.42%	0.59%	0.93%	1.86%	2.26%
Perrysville	0.50%	0.72%	1.03%	1.73%	2.01%
Saint Bernice	0.43%	0.58%	1.62%	1.98%	3.35%
Universal	0.49%	0.68%	1.27%	1.99%	2.65%
West Terre Haute	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Vermillion County, Indiana

When examining property taxes in Vermillion County, 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 Vermillion County Assessor's Office 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. Assessment notices: In Vermillion 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 Vermillion County. For example, the median tax bill in Vermillion County is $1,127, with tax bills ranging significantly across the county. Covington has the highest median home price at $121,200.

Property Tax Assessment Values Across Vermillion County, Indiana

Source: Ownwell

$38,300

$79,750

$121,200

Median Vermillion County Market Value

$78,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Vermillion County, Indiana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Blanford	$11,600	$22,400	$38,300	$51,000	$70,500
Cayuga	$18,130	$46,150	$71,600	$105,100	$181,620
Clinton	$30,600	$55,000	$82,900	$130,425	$189,820
Covington	$35,420	$74,600	$121,200	$159,400	$215,660
Dana	$25,310	$54,175	$78,900	$144,800	$210,780
Hillsdale	$21,600	$52,075	$105,150	$169,375	$247,900
Newport	$12,460	$25,050	$53,500	$75,075	$97,240
Perrysville	$23,220	$53,100	$88,600	$142,300	$225,340
Saint Bernice	$7,180	$15,100	$38,300	$60,750	$88,100
Universal	$12,080	$23,550	$39,000	$54,850	$76,240
West Terre Haute	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Vermillion County, Indiana

In Vermillion County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Vermillion County is $78,500, which influences the property tax bill for homeowners. With a median tax bill of $1,127 in Covington, the highest in the county, and $316 in Saint Bernice, the lowest, there's a significant variation depending on location. Factors such as property size, location, and improvements can affect the assessed value, thus impacting the tax bill. Homeowners in Vermillion County could pay a tax bill anywhere from $440 at the 25th percentile to $2,469 at the 90th percentile. Compared to the national median property tax bill of $2,400, Vermillion County offers a relatively affordable tax environment, which can be a financial advantage for homeowners in the area.

Property Tax Bills Across Vermillion County, Indiana

Source: Ownwell

$316

$722

$1,127

Median Vermillion County Tax Bill

$864

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Vermillion County, Indiana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Blanford	$162	$242	$369	$669	$1,272
Cayuga	$148	$357	$683	$1,264	$2,302
Clinton	$268	$540	$947	$1,595	$2,377
Covington	$287	$546	$1,127	$1,727	$2,880
Dana	$230	$463	$936	$1,723	$2,874
Hillsdale	$216	$451	$1,096	$2,061	$3,188
Newport	$110	$250	$400	$749	$1,238
Perrysville	$214	$390	$920	$1,888	$3,130
Saint Bernice	$117	$196	$316	$631	$1,414
Universal	$137	$247	$373	$707	$1,154
West Terre Haute	N/A	N/A	N/A	N/A	N/A

Source: Ownwell