Underwood, Clark County, Indiana Property Taxes

Name: Property Tax Bills Across Underwood, Clark County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Underwood, IN effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Underwood, IN home value: $147,200
Median annual Underwood, IN tax bill: $799, $1,601 lower than the national median property tax bill of $2,400.

How are property taxes in Clark calculated?

Property taxes in Underwood, 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 Underwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Underwood, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Underwood, Clark County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.57%

Estimate Property Tax Bill

$839

$779

Ownwell’s Underwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Underwood with just two data points. By entering your property's estimated assessed value, our calculator applies Underwood’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clark County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Underwood, Clark 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, determining the property tax rate. This process involves votes and laws, but essentially, this is how it's done annually.

In Underwood, located in Clark County, Indiana, the effective property tax rate is a crucial factor for homeowners and potential buyers. Indiana's median property tax rate is notably lower than the national median of 1.02%. This makes Indiana an attractive option for those seeking lower property tax burdens. Comparing Underwood's rate to other cities in Indiana and the national median reveals its competitive edge. The state's effective property tax rate provides a significant advantage for property owners, offering potential savings compared to the national average. This can be an important consideration for individuals and families looking to maximize their investment in real estate. Understanding these differences can help you make informed decisions about property ownership in Underwood and across Indiana.

Property Tax Rates Across Underwood, Clark County, Indiana

Source: Ownwell

0.56%

0.91%

1.26%

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 Underwood Tax Rate

0.57%

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 Underwood, Clark County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47177	0.28%	0.44%	0.57%	0.80%	1.22%

Source: Ownwell

Property Tax Assessment Values Across Underwood, Clark County, Indiana

When examining property taxes in Underwood, 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 April. 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 Underwood.

For example, the median home price in Underwood is $147,200, with tax bills ranging significantly across the county. Zip code 47177 has the highest median home price at $147,200.

Property Tax Assessment Values Across Underwood, Clark County, Indiana

Source: Ownwell

$87,100

$187,750

$288,400

Median Underwood Market Value

$147,200

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 Underwood, Clark County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47177	$51,000	$99,550	$147,200	$227,500	$286,000

Source: Ownwell

Property Tax Bills Across Underwood, Clark County, Indiana

In Underwood, located in Clark County, Indiana, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value. In Underwood, the median home price is $147,200, which influences the overall tax bill. Homeowners in this area might expect to pay a property tax bill ranging from $441 at the 25th percentile to $1,905 at the 90th percentile. The highest median tax bill in the area is $799, which is below the national median of $2,400, making Underwood relatively affordable in terms of property taxes. However, property taxes can still be a significant expense for homeowners. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners ensure they are not overpaying, offering peace of mind and financial savings.

Property Tax Bills Across Underwood, Clark County, Indiana

Source: Ownwell

$799

$1,469

$2,139

Median Underwood Tax Bill

$799

Median Clark County Tax Bill

$1,927

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Underwood, Clark County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47177	$206	$441	$799	$1,487	$1,905

Source: Ownwell