Seymour, Bartholomew County, Indiana Property Taxes
Median Seymour, 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 Seymour, IN home value: $203,750
Median annual Seymour, IN tax bill: $1,876, $524 lower than the national median property tax bill of $2,400.
How are property taxes in Bartholomew calculated?
Property taxes in Seymour, 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 Seymour’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Seymour, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Seymour, Bartholomew County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$1,881
$1,746
Property Tax Rates Across Seymour, Bartholomew County, Indiana
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.
In Seymour, located in Bartholomew County, Indiana, the property tax rate is an important factor for homeowners to consider. The effective property tax rate in Seymour stands at 0.89%, which is below the national median of 1.02%. This lower rate can be appealing to property owners, as it may result in lower annual tax bills compared to other regions with higher rates. When comparing Seymour to other cities in Indiana, homeowners may find that the property tax rate is consistent across the board, with Seymour's rate being both the highest and lowest within its zip code of 47274. This consistency can provide a sense of financial predictability for residents. Understanding these rates can help homeowners make informed decisions about their property investments and potential tax savings.
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 Seymour Tax Rate
0.88%
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 Bartholomew County Tax Rate
1.12%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Seymour, Bartholomew County, Indiana
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
47274 | 0.65% | 0.81% | 0.88% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Seymour, Bartholomew County, Indiana
When examining property taxes in Seymour, Indiana, 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 Bartholomew 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 Bartholomew County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Seymour. For example, the median home price in Seymour is $203,750, with tax bills ranging significantly across the county. Zip code 47274 has the highest median home price at $203,750.
Property Tax Assessment Values Across Seymour, Bartholomew County, Indiana
Source: Ownwell
$94,700
$194,100
$293,500
Median Seymour Market Value
$213,800
Median Bartholomew County Market Value
$207,500
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Seymour, Bartholomew County, Indiana
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
47274 | $85,280 | $137,500 | $213,800 | $306,000 | $403,960 |
Source: Ownwell
Property Tax Bills Across Seymour, Bartholomew County, Indiana
In Seymour, located in Bartholomew County, Indiana, property tax bills are calculated based on the assessed value of a home, which reflects the market value. Homeowners in Seymour face a median property tax bill of $1,876, which is notably lower than the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,096 and the 90th percentile reaching $3,521. This variability is influenced by factors such as property location, home size, and local tax rates. These elements collectively determine the financial burden on homeowners, affecting their annual expenses.
Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their property tax bills, ensuring they are not overpaying. This support can lead to significant savings, offering financial relief and peace of mind. Ownwell's services are designed to navigate the complexities of property tax calculations, making it easier for homeowners to manage their expenses effectively.
Median Seymour Tax Bill
$2,078
Median Bartholomew County Tax Bill
$2,290
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Seymour, Bartholomew County, Indiana
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
47274 | $977 | $1,420 | $2,078 | $2,975 | $4,255 |
Source: Ownwell