Terre Haute, Clay County, Indiana Property Taxes

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

Median TERRE HAUTE, 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 TERRE HAUTE, IN home value: $151,400
Median annual TERRE HAUTE, IN tax bill: $799, $1,601 lower than the national median property tax bill of $2,400.

How are property taxes in Clay calculated?

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

Last Updated March 1, 2025

Terre Haute, 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

$802

$745

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

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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. Below, you can compare Terre Haute’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S. In Terre Haute, located in Clay County, the effective property tax rate is 0.53%. This rate is significantly lower than the national median property tax rate of 1.02%. Homeowners in Terre Haute benefit from a lower tax bill compared to the national median, which stands at $2400. Understanding these figures can help residents make informed decisions about property ownership and investments in the area.

Property Tax Rates Across Terre Haute, 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 Terre Haute 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 Terre Haute, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47802	N/A	N/A	N/A	N/A	N/A
47803	N/A	N/A	N/A	N/A	N/A
47805	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Terre Haute, Clay County, Indiana

When examining property taxes in Terre Haute, IN, 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 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 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 Terre Haute. For example, the median home price in Terre Haute is $151,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Terre Haute, Clay County, Indiana

Source: Ownwell

$28,000

$81,350

$134,700

Median Terre Haute Market Value

$151,400

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 Terre Haute, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47802	N/A	N/A	N/A	N/A	N/A
47803	N/A	N/A	N/A	N/A	N/A
47805	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Terre Haute, Clay County, Indiana

In Terre Haute, located in Clay County, Indiana, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the property's market value, and this figure is multiplied by the local tax rate to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the homeowner's tax obligation. In Terre Haute, the median home price is $151,400, with the 25th percentile tax bill at $368 and the 75th percentile at $1,457. The 90th percentile tax bill can reach as high as $2,470, highlighting the potential variability in tax burdens.

Homeowners in Terre Haute may find their tax bills significantly lower than the national median property tax bill of $2,400, yet there's still room for savings. Ownwell offers expert property tax appeal services, helping homeowners identify discrepancies in their assessments, file appeals, and potentially reduce their tax liabilities. By leveraging professional insights and local expertise, Ownwell empowers homeowners to achieve fair and manageable property tax bills.

Property Tax Bills Across Terre Haute, Clay County, Indiana

Source: Ownwell

$151

$387

$623

Median Terre Haute Tax Bill

$799

Median Clay County Tax Bill

$422

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Terre Haute, Clay County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47802	N/A	N/A	N/A	N/A	N/A
47803	N/A	N/A	N/A	N/A	N/A
47805	N/A	N/A	N/A	N/A	N/A

Source: Ownwell