Warrick County, Indiana Property Taxes
The median property tax rate in Warrick County is 0.75%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Warrick County at $208,800, the typical annual property tax bill is approximately $1,576, significantly below the national median of $2,690. Property taxes in Warrick County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Warrick County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Boonville or another part of Warrick County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warrick County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,566
$1,453
Ownwell’s Warrick County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warrick County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Warrick 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 Warrick County, Indiana
Property taxes in Warrick County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Warrick County is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Warrick County set these rates annually, and they can vary significantly between different areas within the county. Each year, Warrick 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 Warrick County's effective property tax rate with other areas in Indiana and the national median. For comparison, the city of Boonville has one of the higher property tax rates in Indiana at 0.89%, while the city of Oakland City boasts one of the lowest at 0.48%. Analyzing how Warrick County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Warrick County Tax Rate
0.75%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrick County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boonville | 0.48% | 0.68% | 0.89% | 1.05% | 1.78% |
| Chandler | 0.42% | 0.59% | 0.74% | 0.99% | 1.75% |
| Dale | 0.30% | 0.48% | 0.70% | 1.28% | 1.48% |
| Elberfeld | 0.44% | 0.60% | 0.72% | 0.86% | 1.34% |
| Evansville | N/A | N/A | N/A | N/A | N/A |
| Gentryville | 0.38% | 0.48% | 0.64% | 0.90% | 1.09% |
| Haubstadt | N/A | N/A | N/A | N/A | N/A |
| Holland | N/A | N/A | N/A | N/A | N/A |
| Lincoln City | N/A | N/A | N/A | N/A | N/A |
| Lynnville | 0.38% | 0.52% | 0.68% | 0.92% | 1.54% |
| Newburgh | 0.55% | 0.66% | 0.74% | 0.84% | 1.22% |
| Oakland City | N/A | N/A | N/A | N/A | N/A |
| Tennyson | 0.35% | 0.51% | 0.68% | 1.16% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Warrick County, Indiana
In Warrick 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 Warrick 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 Warrick 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 Warrick County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Warrick County, the city with the highest median tax bill is Holland, where homeowners pay around $1,900 annually. Conversely, Dale has the lowest median tax bill at $609. The median home price in the county is $208,800, with property tax bills ranging from $1,021 at the 25th percentile to $3,721 at the 90th percentile. Comparing these figures to the national median property tax rate of 0.99% can provide additional context for understanding local tax burdens.
Average Warrick County Assessed Value
$208,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warrick County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boonville | $61,500 | $103,200 | $147,900 | $232,100 | $341,200 |
| Chandler | $61,900 | $93,775 | $139,100 | $203,025 | $308,100 |
| Dale | $11,690 | $29,225 | $98,600 | $194,175 | $308,640 |
| Elberfeld | $76,200 | $123,700 | $177,700 | $303,900 | $421,200 |
| Evansville | N/A | N/A | N/A | N/A | N/A |
| Gentryville | $64,900 | $125,250 | $170,800 | $252,150 | $371,600 |
| Haubstadt | N/A | N/A | N/A | N/A | N/A |
| Holland | N/A | N/A | N/A | N/A | N/A |
| Lincoln City | N/A | N/A | N/A | N/A | N/A |
| Lynnville | $44,600 | $99,675 | $166,700 | $258,900 | $370,740 |
| Newburgh | $151,610 | $192,125 | $243,000 | $343,100 | $482,980 |
| Oakland City | N/A | N/A | N/A | N/A | N/A |
| Tennyson | $24,400 | $65,800 | $130,600 | $206,300 | $276,220 |
Source: Ownwell
Property Tax Bills Across Warrick County, Indiana
In Warrick County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or modifications made to the property. For homeowners in Warrick County, the median home price stands at $208,800. Property tax bills can vary significantly, with the 25th percentile at $1,021 and the 75th percentile reaching $2,466. At the higher end, the 90th percentile tax bill is $3,721. Comparing cities within the county, Holland has the highest median tax bill at $1,900, while Dale has the lowest at $609. These property tax bills impact homeowners by influencing their overall housing costs and potentially affecting their ability to budget for other expenses. Understanding how these taxes are calculated helps homeowners anticipate and manage their financial obligations.
Average Warrick County Tax Bill
$1,576
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrick County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boonville | $447 | $834 | $1,318 | $2,045 | $3,157 |
| Chandler | $321 | $618 | $1,122 | $1,787 | $2,744 |
| Dale | $117 | $236 | $609 | $1,290 | $2,094 |
| Elberfeld | $457 | $773 | $1,371 | $2,286 | $3,246 |
| Evansville | N/A | N/A | N/A | N/A | N/A |
| Gentryville | $469 | $671 | $1,258 | $1,832 | $2,504 |
| Haubstadt | N/A | N/A | N/A | N/A | N/A |
| Holland | N/A | N/A | N/A | N/A | N/A |
| Lincoln City | N/A | N/A | N/A | N/A | N/A |
| Lynnville | $322 | $582 | $1,108 | $1,959 | $2,826 |
| Newburgh | $895 | $1,312 | $1,844 | $2,824 | $4,255 |
| Oakland City | N/A | N/A | N/A | N/A | N/A |
| Tennyson | $210 | $405 | $909 | $1,496 | $2,349 |
Source: Ownwell