Vigo County Property Taxes
The median property tax rate in Vigo 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 Vigo County, the typical annual property tax bill reaches $1,148, which is below the national median of $2,690. Property taxes in Vigo County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Vigo 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 Terre Haute or another part of Vigo County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vigo County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Vigo County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Vigo County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Vigo 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 Vigo County, Indiana
Property taxes in Vigo County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Vigo County is 1.01%, which is higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Vigo County set these rates annually, and they can vary significantly between different areas within the county. Each year, Vigo 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 Cory has one of the higher property tax rates in Indiana at 1.26%, while the city of Saint Mary of the Woods boasts one of the lowest at 0.68%. Analyzing how Vigo County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Vigo County Tax Rate
1.01%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vigo County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brazil | 0.51% | 0.71% | 0.98% | 1.42% | 2.00% |
| Clinton | 0.51% | 0.64% | 1.08% | 2.10% | 2.52% |
| Cory | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
| Farmersburg | 0.72% | 0.86% | 1.05% | 1.24% | 2.16% |
| Fontanet | 0.34% | 0.60% | 1.04% | 2.17% | 3.51% |
| Lewis | 0.57% | 0.77% | 1.08% | 2.10% | 2.33% |
| New Goshen | 0.48% | 0.57% | 0.82% | 2.06% | 2.24% |
| Pimento | 0.59% | 0.75% | 1.04% | 1.90% | 2.12% |
| Prairie Creek | 0.47% | 0.68% | 0.99% | 2.11% | 2.32% |
| Prairieton | 0.55% | 0.69% | 1.08% | 2.11% | 2.21% |
| Riley | 0.55% | 0.69% | 0.93% | 1.91% | 2.16% |
| Rosedale | 0.51% | 0.69% | 0.93% | 1.81% | 2.05% |
| Saint Mary Of The Woods | 0.23% | 0.35% | 0.68% | 1.03% | 1.73% |
| Seelyville | 0.21% | 0.60% | 0.77% | 2.01% | 2.28% |
| Shepardsville | 0.45% | 0.72% | 0.88% | 1.08% | 2.39% |
| Terre Haute | 0.63% | 0.92% | 1.00% | 1.98% | 2.16% |
| West Terre Haute | 0.56% | 0.88% | 1.11% | 2.02% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Vigo County, Indiana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Vigo County, Indiana. 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 Vigo 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 Vigo 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. Being aware of these valuation processes in Vigo County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Vigo County, the median home price is $100,700. The city with the highest median tax bill is Cory at $3,340, while New Goshen has the lowest at $544. By understanding these figures, homeowners can make more informed decisions regarding their property taxes.
Average Vigo County Assessed Value
$100,700
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vigo County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brazil | $33,450 | $72,375 | $119,350 | $188,350 | $263,200 |
| Clinton | $32,380 | $60,700 | $80,100 | $125,100 | $196,160 |
| Cory | $264,100 | $264,100 | $264,100 | $264,100 | $264,100 |
| Farmersburg | $53,800 | $93,500 | $134,600 | $170,500 | $222,500 |
| Fontanet | $12,300 | $27,650 | $66,650 | $110,450 | $143,550 |
| Lewis | $12,000 | $46,100 | $97,200 | $142,800 | $205,900 |
| New Goshen | $13,020 | $47,725 | $73,850 | $98,525 | $123,980 |
| Pimento | $35,200 | $65,075 | $104,950 | $169,375 | $217,210 |
| Prairie Creek | $26,000 | $46,300 | $71,200 | $111,100 | $140,900 |
| Prairieton | $35,100 | $56,950 | $84,250 | $100,700 | $116,020 |
| Riley | $41,670 | $66,400 | $86,050 | $108,750 | $136,140 |
| Rosedale | $22,660 | $72,400 | $115,500 | $168,650 | $246,460 |
| Saint Mary Of The Woods | $71,500 | $79,175 | $90,050 | $110,675 | $116,300 |
| Seelyville | $16,220 | $53,550 | $74,000 | $96,700 | $111,340 |
| Shepardsville | $17,600 | $71,900 | $89,900 | $107,700 | $122,700 |
| Terre Haute | $41,700 | $67,500 | $101,400 | $159,400 | $237,900 |
| West Terre Haute | $25,820 | $52,250 | $92,600 | $151,850 | $221,700 |
Source: Ownwell
Property Tax Bills Across Vigo County, Indiana
In Vigo County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value typically reflects a percentage of the market value of the property. Homeowners in Vigo County experience a range of tax bills, influenced by factors such as property location, size, and improvements. For instance, the median home price in the county is $100,700, with tax bills varying widely. At the 25th percentile, homeowners pay around $719, while those at the 75th percentile face bills of approximately $1,866. In more extreme cases, the 90th percentile sees tax bills as high as $2,824. Comparatively, the highest median tax bill within the county is $3,340 in Cory, while New Goshen has the lowest at $544. These variations significantly impact homeowners, as property taxes are a substantial part of annual housing costs. Understanding these factors helps homeowners anticipate and manage their financial obligations effectively.
Average Vigo County Tax Bill
$1,148
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Vigo County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brazil | $302 | $599 | $1,132 | $2,016 | $3,187 |
| Clinton | $343 | $512 | $958 | $1,889 | $2,677 |
| Cory | $3,340 | $3,340 | $3,340 | $3,340 | $3,340 |
| Farmersburg | $517 | $826 | $1,325 | $1,930 | $2,780 |
| Fontanet | $224 | $373 | $717 | $1,288 | $2,069 |
| Lewis | $182 | $413 | $981 | $1,642 | $3,102 |
| New Goshen | $186 | $317 | $544 | $991 | $1,359 |
| Pimento | $373 | $579 | $1,103 | $1,926 | $3,016 |
| Prairie Creek | $251 | $383 | $799 | $1,254 | $1,563 |
| Prairieton | $244 | $513 | $809 | $1,157 | $2,009 |
| Riley | $351 | $508 | $809 | $1,310 | $1,673 |
| Rosedale | $309 | $547 | $1,016 | $1,758 | $3,046 |
| Saint Mary Of The Woods | $192 | $269 | $574 | $1,196 | $1,342 |
| Seelyville | $111 | $323 | $594 | $946 | $1,849 |
| Shepardsville | $56 | $463 | $654 | $1,138 | $1,487 |
| Terre Haute | $462 | $751 | $1,170 | $1,872 | $2,831 |
| West Terre Haute | $275 | $540 | $1,008 | $1,868 | $2,771 |
Source: Ownwell