Jasonville, Clay County, Indiana Property Taxes

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

Median Jasonville, 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 Jasonville, IN home value: $80,600. Median annual Jasonville, IN tax bill: $407, $1,993 lower than the national median property tax bill of $2,400. How are property taxes in Clay County calculated? Property taxes in Jasonville, 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 Jasonville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jasonville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Jasonville, 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

$427

$396

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

Local government entities are responsible for setting tax rates, and these can vary significantly within a state. Each county calculates its required budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this process is carried out annually. In Jasonville, located in Clay County, Indiana, property owners experience an effective property tax rate that aligns with the county's median rate of 0.53%. This rate is notably lower than the national median property tax rate of 1.02%, providing a more favorable tax environment for residents. Comparatively, Indiana's property tax rates are generally lower than those found in many other states, offering a financial advantage to property owners. This lower rate can contribute to a more manageable property tax bill, making Jasonville an attractive place for homeowners seeking affordability in their property-related expenses.

Property Tax Rates Across Jasonville, 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 Jasonville 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 Jasonville, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47438	0.21%	0.33%	0.53%	0.97%	1.21%

Source: Ownwell

Property Tax Assessment Values Across Jasonville, Clay County, Indiana

When examining property taxes in Jasonville, 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 Assessor's Office 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 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 Jasonville.

For example, the median home price in Jasonville is $80,600, with tax bills ranging significantly across the county. ZIP code 47438 has the highest median home price at $80,600.

Property Tax Assessment Values Across Jasonville, Clay County, Indiana

Source: Ownwell

$28,000

$81,350

$134,700

Median Jasonville Market Value

$80,600

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 Jasonville, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47438	$24,950	$48,825	$80,600	$121,075	$168,210

Source: Ownwell

Property Tax Bills Across Jasonville, Clay County, Indiana

In Jasonville, located in Clay County, Indiana, property tax bills are determined by assessing the market value of a property and applying the local tax rate. With a median home price of $80,600, homeowners in Jasonville face a property tax bill that varies significantly based on their home's assessed value. The tax bill for the 25th percentile is around $185, while the 75th percentile sees a bill of approximately $701. For those at the 90th percentile, the tax bill can reach up to $1,200. Compared to the national median property tax bill of $2,400, Jasonville's rates are considerably lower, offering some relief to homeowners. However, the financial burden of property taxes can still impact homeowners, especially those with limited income. Ownwell provides a valuable service by helping homeowners appeal their property tax assessments and identify potential exemptions. By leveraging their expertise, homeowners can potentially reduce their tax burden, ensuring they pay only their fair share and freeing up resources for other essential expenses.

Property Tax Bills Across Jasonville, Clay County, Indiana

Source: Ownwell

$151

$387

$623

Median Jasonville Tax Bill

$407

Median Clay County Tax Bill

$422

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Jasonville, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47438	$95	$185	$407	$701	$1,200

Source: Ownwell