Henryville, Clark County, Indiana Property Taxes
Median Henryville, IN effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Henryville, IN home value: $216,350
Median annual Henryville, IN tax bill: $1,354, $1,046 lower than the national median property tax bill of $2,400.
How are property taxes in Clark County calculated?
Property taxes in Henryville, 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 Henryville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Henryville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Henryville, Clark County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.58%
Estimate Property Tax Bill
$1,255
$1,164
Property Tax Rates Across Henryville, Clark County, Indiana
Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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.
In Henryville, located in Clark County, Indiana, the effective property tax rate is notably lower than the national median of 1.02%. This is reflective of Indiana's overall approach to property taxes, which tends to be more favorable compared to other states. Henryville's effective tax rate is consistent with the county’s median, standing at 0.58%. This rate offers a significant advantage for homeowners when compared to the national landscape, where many regions see higher rates. The relatively low property tax rate in Henryville can be particularly appealing for those looking to invest in property or settle in the area, providing a financial cushion that can enhance the affordability of homeownership.
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 Henryville Tax Rate
0.58%
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 Henryville, Clark County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47126 | 0.37% | 0.50% | 0.58% | 0.68% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Henryville, Clark County, Indiana
When examining property taxes in Henryville, 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 Henryville.
For example, the median home price in Henryville is $216,350, with tax bills ranging significantly across the county. Zip code 47126 has the highest median home price at $216,350.
Property Tax Assessment Values Across Henryville, Clark County, Indiana
Source: Ownwell
$87,100
$187,750
$288,400
Median Henryville Market Value
$216,350
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 Henryville, Clark County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47126 | $92,410 | $150,575 | $216,350 | $334,725 | $464,790 |
Source: Ownwell
Property Tax Bills Across Henryville, Clark County, Indiana
Median Henryville Tax Bill
$1,354
Median Clark County Tax Bill
$1,927
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Henryville, Clark County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47126 | $403 | $801 | $1,354 | $2,168 | $3,054 |
Source: Ownwell