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  1. The Department of Local Government Finance has compiled this information in an easy-to-use format to assist Hoosiers in obtaining information about property taxes. When looking for an assessed value, keep in mind that the assessed value for a particular year (for instance 2015) is the value upon which taxes are based in the following year (i.e. 2016).

    • Citizen's Guide to Property Tax
    • Assessment Process
    • Budget Process
    • Property Tax Bills
    Assessment Process
    Budget Process
    Property Tax Bills

    How is the value of my property determined? The tax assessment and billing cycle begins with the assessor's valuation of your property. Just like other states, in Indiana properties are valued using mass appraisaltechniques. With mass appraisal, your property is looked at in conjunction with other properties in your area. Assessors consider age, gr...

    How are property tax rates determined? Property taxes represent a property owner's portion of the local government's budgeted spending for the current year. Increases or decreases depend upon a local government's fiscal management, the assessed valuation of a property and/or local tax rates, which are based on the budget proposals submitted by loca...

    How is my tax bill calculated? In concept, the calculation of a tax bill is fairly simple - multiply the assessed value of your property after deductions by your local tax rate and that is your gross tax liability. There are, however, many other steps that can make the process more complicated. As an example, let's say your primary residence in Cas...

  2. As part of the Annual Adjustment process, counties are responsible for submitting a ratio study and uniformity for all classes of property in all townships. The ratio study measures the accuracy and equity of assessments. It is determined by the formula: Assessed Value/Sale Price = Ratio. The assessment ratio for all properties in Indiana is to ...

  3. The typical market value in Indiana is $170,000, with values from roughly $79,500 to $291,000+. Average Market Value by County Hamilton County, Boone County, and Porter County have the highest assessed property values at 1.55x - 2.09x the Indiana average, while Crawford County and Sullivan County have the lowest assessed values in the state.

    County
    Recent Sales
    Average Sale
    Covi
    237
    $149,500
    6.46
    5,473
    $220,000
    13.1
    1,423
    $225,000
    15.7
    130
    $149,000
    10.9
  4. To calculate an individual's property tax liability, the county official takes the tax rate and multiplies it by the assessed value of the property after all deductions are applied. This amount is then adjusted by any applicable credits. A property tax liability cannot exceed the cap set by the circuit breakers, which in the case of homesteads ...

  5. Jan 21, 2024 · In Indiana, these taxes are a primary source of revenue for local governments and schools. 2. Assessment of Property Value: In Indiana, property taxes are calculated based on the assessed value of your property. The county assessor determines this value, which is supposed to reflect the market value of your property.

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  7. Jun 5, 2024 · Assessors across Indiana typically use a “mass appraisal” process to value real property as of each January 1 assessment date, using standard methods, employing common data and allowing for statistical testing. Most of the mass appraisal guidelines for Indiana assessors are rooted in the application of the cost method, and the improvement ...

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