Greensburg, Decatur County, Indiana Property Taxes
Property Taxes in Greensburg, Indiana
Median Greensburg, Indiana effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, and lower than the Indiana state median of 1.01%.
Median Greensburg, Indiana home value: $187,700
Median annual Greensburg, Indiana tax bill: $1,638, $762 lower and lower than the national median property tax bill of $2,400.
How are property taxes in Decatur calculated?
Property taxes in Greensburg, Indiana 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 Greensburg's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greensburg, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Greensburg, Decatur County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$1,671
$1,550
How Does the Greensburg Property Tax Calculator Work?
Use this Greensburg property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Greensburg's median effective tax rate of 0.89% — based on actual property records in Decatur County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Greensburg's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Greensburg: rates range from 0.89% in 47240 to 0.89% in 47240, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Greensburg.
About Greensburg Property Taxes
About Property Taxes in Greensburg, Decatur, Indiana
Greensburg’s median effective property tax rate of 0.89% is lower than the Indiana state median of 1.01% and lower than the national median of 1.02%. This rate reflects the Decatur County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Greensburg. Homeowners in the 47240 ZIP code carry a median effective rate of 0.89%, while those in the same ZIP also pay 0.89%. This reflects how school district boundaries and local assessment districts are drawn across Decatur County. Understanding which part of Greensburg you live in can make a meaningful difference to your annual tax bill.
Greensburg homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Greensburg, Decatur 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 Greensburg's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
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 Greensburg Tax Rate
0.89%
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 Decatur County Tax Rate
0.83%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Greensburg, Decatur County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47240 | 0.45% | 0.56% | 0.89% | 1.05% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Greensburg, Decatur County, Indiana
When examining property taxes in Greensburg, 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 Decatur 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 Decatur County are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Greensburg is $187,700, with a median property tax bill of $1,638. The highest median home price is in 47240 at $187,700.
Property Tax Assessment Values Across Greensburg, Decatur County, Indiana
Source: Ownwell
$105,050
$172,225
$239,400
Median Greensburg Market Value
$187,700
Median Decatur County Market Value
$181,100
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Greensburg, Decatur County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47240 | $77,660 | $129,400 | $187,700 | $282,450 | $421,800 |
Source: Ownwell
Property Tax Bills Across Greensburg, Decatur County, Indiana
Property tax bills in Greensburg are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessment, so a higher assessed value usually means a larger bill. For homeowners in Decatur County, the median home price is $187,700, and tax bills can vary widely depending on the property’s assessed value and the local rate.
The typical bill in the area falls between $943 at the 25th percentile and $2,520 at the 75th percentile, with the 90th percentile reaching $3,735. The median tax bill in zip code 47240 is $1,638, which is below the national median property tax bill of $2,400 and near the national median property tax rate of 1.02%.
These bills affect homeowners by changing monthly housing costs and long-term affordability. Because assessments and tax rates can shift, two similar homes may still owe very different amounts.
Median Greensburg Tax Bill
$1,638
Median Decatur County Tax Bill
$1,511
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Greensburg, Decatur County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47240 | $427 | $943 | $1,638 | $2,520 | $3,735 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Decatur Tax Assessor | |
| Website | beacon.schneidercorp.com |