Boonville, Warrick County, Indiana Property Taxes

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

Median Boonville, IN effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Boonville, IN home value: $147,900
Median annual Boonville, IN tax bill: $1,318, $1,082 lower than the national median property tax bill of $2,400.

How are property taxes in Warrick County calculated?

Property taxes in Boonville, 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 Boonville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boonville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Boonville, Warrick County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$1,316

$1,221

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

Property Tax Rates Across Boonville, Warrick County, Indiana

Local government entities set tax rates, which can vary widely within a state. Annually, 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 Boonville’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Property Tax Rates Across Boonville, Warrick County, Indiana

Source: Ownwell

0.64%

0.76%

0.89%

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 Boonville Tax Rate

0.89%

Median Effective Warrick County Tax Rate

0.75%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Boonville, Warrick County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47601	0.48%	0.68%	0.89%	1.05%	1.78%

Source: Ownwell

Property Tax Assessment Values Across Boonville, Warrick County, Indiana

When examining property taxes in Boonville, IN, 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 Warrick 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 Warrick County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Boonville. For example, the median home price in Boonville is $147,900, with tax bills ranging significantly across the county. Zip code 47601 has the highest median home price at $147,900.

Property Tax Assessment Values Across Boonville, Warrick County, Indiana

Source: Ownwell

$98,600

$170,800

$243,000

Median Boonville Market Value

$147,900

Median Warrick County Market Value

$208,800

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Boonville, Warrick County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47601	$61,500	$103,200	$147,900	$232,100	$341,200

Source: Ownwell

Property Tax Bills Across Boonville, Warrick County, Indiana

In Boonville, located in Warrick County, IN, property tax bills 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. The median home price in Boonville is $147,900, and homeowners face a range of tax bills, with the 25th percentile at $834 and the 75th percentile at $2,045. Notably, the highest median tax bill in the area is $1,318, which is below the national median tax bill of $2,400, making it relatively affordable compared to many regions. However, property taxes can still be a significant expense for homeowners. Ownwell offers services to help homeowners in Boonville reduce their property tax bills by providing expert guidance on appealing assessments and identifying potential exemptions. By leveraging Ownwell’s expertise, homeowners can potentially save a substantial amount on their property taxes, ensuring they pay only what is fair and necessary.

Property Tax Bills Across Boonville, Warrick County, Indiana

Source: Ownwell

$609

$1,227

$1,844

Median Boonville Tax Bill

$1,318

Median Warrick County Tax Bill

$1,576

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Boonville, Warrick County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47601	$447	$834	$1,318	$2,045	$3,157

Source: Ownwell