Borden, Clark County, Indiana Property Taxes
Median Borden, IN effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Borden, IN home value: $195,400
Median annual Borden, IN tax bill: $1,274, $1,126 lower than the national median property tax bill of $2,400.
How are property taxes in Clark County calculated?
Property taxes in Borden, 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 Borden’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Borden, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Borden, Clark County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$1,192
$1,106
Property Tax Rates Across Borden, Clark County, Indiana
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 Borden Tax Rate
0.61%
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 Clark County Tax Rate
0.92%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Borden, Clark County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47106 | 0.40% | 0.51% | 0.61% | 0.79% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Borden, Clark County, Indiana
When examining property taxes in Borden, 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 Clark 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 Clark 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 Borden.
For example, the median home price in Borden is $195,400, with tax bills ranging significantly across the county. Zip code 47106 has the highest median home price at $195,400.
Property Tax Assessment Values Across Borden, Clark County, Indiana
Source: Ownwell
$87,100
$187,750
$288,400
Median Borden Market Value
$195,400
Median Clark County Market Value
$205,000
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Borden, Clark County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47106 | $70,660 | $125,400 | $195,400 | $285,150 | $377,520 |
Source: Ownwell
Property Tax Bills Across Borden, Clark County, Indiana
Property tax bills in Borden, Clark County, Indiana, are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. In Borden, the 25th percentile tax bill is $713, while the 75th percentile is $1,952, and the 90th percentile reaches $2,793. Compared to the national median property tax bill of $2,400, Borden's tax bills can vary significantly, affecting homeowners differently depending on their property's value.
Factors such as property location, improvements, and market conditions can influence these assessments. Homeowners may find themselves paying more than necessary if their property is over-assessed. Ownwell offers expertise in property tax appeals and exemption services, helping homeowners potentially reduce their tax burden. By reviewing assessments and identifying discrepancies, Ownwell assists in appealing for fairer valuations, ensuring homeowners in Borden can save on their property tax bills and achieve financial peace of mind.
Median Borden Tax Bill
$1,274
Median Clark County Tax Bill
$1,927
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Borden, Clark County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47106 | $380 | $713 | $1,274 | $1,952 | $2,793 |
Source: Ownwell
