Campbellsburg, Washington County, Indiana Property Taxes
The median property tax rate in Campbellsburg, Indiana is 1.00%, slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Campbellsburg at $87,100, the typical annual property tax bill reaches $862, which is below the national median of $2,690. Property taxes in Campbellsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Campbellsburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Campbellsburg or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Campbellsburg, Washington County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$871
$808
Ownwell’s Campbellsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campbellsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbellsburg to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Campbellsburg, Washington County, Indiana
Property taxes in Campbellsburg, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbellsburg is 1.00%, higher than the U.S. national median of 0.99%. Local government entities within Campbellsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbellsburg estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Campbellsburg's effective property tax rate to other areas and the national median. For comparison, the 47108 zip code has the highest median property tax rate of 1.00%, while the same zip code also records the lowest median tax rate of 1.00%. Understanding how these cities compare with Campbellsburg provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbellsburg Tax Rate
1.00%
Average Washington County Tax Rate
0.95%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campbellsburg, Washington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47108 | 0.48% | 0.70% | 1.00% | 1.74% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Campbellsburg, Washington County, Indiana
In Campbellsburg, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Washington County Assessor's Office for tax purposes. In contrast, the assessed value 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. In Campbellsburg, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Campbellsburg stands at $87,100, with tax bills ranging from $398 at the 25th percentile to $2,799 at the 90th percentile. The zip code 47108 has the highest and lowest median tax bill, both at $862. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Campbellsburg, Washington County, Indiana
Source: Ownwell
$67,100
$115,200
$163,300
Average Campbellsburg Assessed Value
$87,100
Average Washington County Assessed Value
$111,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campbellsburg, Washington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47108 | $25,780 | $50,825 | $87,100 | $135,900 | $211,330 |
Source: Ownwell
Property Tax Bills Across Campbellsburg, Washington County, Indiana
In Campbellsburg, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Campbellsburg is $87,100, and the property tax rate is determined by Washington County. Homeowners in Campbellsburg can expect their tax bills to vary significantly depending on the assessed value of their property. The 25th percentile tax bill is around $398, while the 75th percentile tax bill is approximately $1,578. For those with higher-valued properties, the 90th percentile tax bill can reach up to $2,799. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These tax bills impact homeowners by contributing to the overall cost of homeownership and affecting monthly mortgage payments if taxes are escrowed. Compared to the national median property tax rate of 0.99%, Campbellsburg's tax rates are competitive, providing a relatively affordable option for homeowners in Washington County.
Average Campbellsburg Tax Bill
$862
Average Washington County Tax Bill
$1,080
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Campbellsburg, Washington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47108 | $215 | $398 | $862 | $1,578 | $2,799 |
Source: Ownwell