Brazil, Clay County, Indiana Property Taxes

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

Median Brazil, IN effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, and also lower than the Indiana state median of 0.99%.
Median Brazil, IN home value: $87,100
Median annual Brazil, IN tax bill: $461, $1,939 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

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

Last Updated March 1, 2025

Brazil, Clay County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$392

$364

Ownwell’s Brazil Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brazil with just two data points. By entering your property's estimated assessed value, our calculator applies Brazil’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 Clay County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Brazil, Clay 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. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Brazil, located in Clay County, Indiana, the effective property tax rate stands at 0.45%. This is significantly lower than Indiana's median property tax rate and well below the national median of 1.02%. Brazil's rate is indicative of a region where property taxes are relatively low, making it an attractive location for property owners. Compared to the national median property tax bill of $2,400, property owners in Brazil may find themselves with more disposable income. This financial advantage could be a compelling reason for potential homeowners and investors to consider Brazil as a favorable destination.

Property Tax Rates Across Brazil, Clay County, Indiana

Source: Ownwell

0.40%

0.70%

0.99%

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 Brazil Tax Rate

0.45%

Median Effective Clay County Tax Rate

0.47%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brazil, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47834	0.22%	0.33%	0.45%	0.89%	1.60%

Source: Ownwell

Property Tax Assessment Values Across Brazil, Clay County, Indiana

When examining property taxes in Brazil, 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 Clay 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 Clay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Brazil. For example, the median home price in Brazil is $87,100, with tax bills ranging significantly across the county. Zip code 47834 has the highest median home price at $87,100.

Property Tax Assessment Values Across Brazil, Clay County, Indiana

Source: Ownwell

$28,000

$81,350

$134,700

Median Brazil Market Value

$87,100

Median Clay County Market Value

$81,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brazil, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47834	$24,200	$50,700	$87,100	$149,000	$210,300

Source: Ownwell

Property Tax Bills Across Brazil, Clay County, Indiana

In Brazil, Clay County, Indiana, property tax bills are calculated based on the assessed value of a home. The assessment considers factors such as the property's market value, location, and any improvements made. Homeowners in this area typically see tax bills that range significantly, with the 25th percentile at $222 and the 75th percentile at $822, highlighting the variability based on property specifics. The 90th percentile tax bill reaches $1,311, which can be a substantial financial obligation for homeowners. Compared to the national median property tax bill of $2,400, Brazil's tax bills are relatively lower. However, they can still pose a financial burden, especially if the assessed value increases unexpectedly. This is where Ownwell can make a significant difference. By leveraging expert knowledge in property tax appeals and exemptions, Ownwell helps homeowners potentially reduce their tax bills. This service ensures residents pay only their fair share, aligning their tax obligations more closely with their financial capabilities.

Property Tax Bills Across Brazil, Clay County, Indiana

Source: Ownwell

$151

$387

$623

Median Brazil Tax Bill

$461

Median Clay County Tax Bill

$422

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Brazil, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47834	$122	$222	$461	$822	$1,311

Source: Ownwell