Centerpoint, Clay County, Indiana Property Taxes

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

Median Centerpoint, IN effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Centerpoint, IN home value: $81,800
Median annual Centerpoint, IN tax bill: $350, $2,050 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

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

Last Updated March 1, 2025

Centerpoint, Clay County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.53%

Estimate Property Tax Bill

$434

$402

Ownwell’s Centerpoint Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Centerpoint with just two data points. By entering your property's estimated assessed value, our calculator applies Centerpoint’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 Centerpoint, Clay County, Indiana

Local government entities are responsible for setting tax rates, and these can vary significantly within a state. Each county, including 18021, estimates its required budget annually to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although the process involves votes and legal considerations, this is the fundamental approach used each year.

In Centerpoint, located in 18021, the effective property tax rate offers a unique perspective when compared to other cities in Indiana. The median property tax rate in Indiana is 0.53%, which is notably lower than the national median property tax rate of 1.02%. This difference highlights the relatively more affordable property tax landscape in Indiana. By understanding these rates, property owners in Centerpoint can make more informed decisions and potentially benefit from appealing their property taxes. Comparing local rates to state and national figures underscores the importance of being aware of regional tax dynamics and the potential savings available through professional property tax services.

Property Tax Rates Across Centerpoint, 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 Centerpoint Tax Rate

0.53%

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 Centerpoint, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47840	0.22%	0.32%	0.53%	0.87%	1.38%

Source: Ownwell

Property Tax Assessment Values Across Centerpoint, Clay County, Indiana

When examining property taxes in Centerpoint, 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.

Assessment notices: In Clay 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 Centerpoint. For example, the median home price in Centerpoint is $81,800, with tax bills ranging significantly across the county. Zip code 47840 has the highest median home price at $81,800.

Property Tax Assessment Values Across Centerpoint, Clay County, Indiana

Source: Ownwell

$28,000

$81,350

$134,700

Median Centerpoint Market Value

$81,800

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 Centerpoint, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47840	$5,900	$23,800	$81,800	$131,500	$198,360

Source: Ownwell

Property Tax Bills Across Centerpoint, Clay County, Indiana

In Centerpoint, Clay County, Indiana, property tax bills are primarily determined by the assessed value of a home. The median home price is $81,800, which is significantly lower than the national median. This lower property value translates to a generally lower tax bill for homeowners in the area. The tax rate in Indiana is applied to the assessed value, resulting in a tax bill that can vary widely. For example, the tax bill at the 25th percentile is $140, while at the 75th percentile, it reaches $724, and at the 90th percentile, it can be as high as $1,273. These figures are below the national median property tax bill of $2,400, offering a financial advantage to local homeowners. However, even with lower rates, property taxes can be a significant expense. Ownwell helps homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they pay only what is necessary. By leveraging local expertise, Ownwell can assist in reducing tax burdens, providing peace of mind and financial relief.

Property Tax Bills Across Centerpoint, Clay County, Indiana

Source: Ownwell

$151

$387

$623

Median Centerpoint Tax Bill

$350

Median Clay County Tax Bill

$422

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Centerpoint, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47840	$57	$140	$350	$724	$1,273

Source: Ownwell