Floyds Knobs, Floyd County, Indiana Property Taxes
Property Taxes in Floyds Knobs, Indiana
Median Floyds Knobs, Indiana effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, and lower than the Indiana state median of 1.01%.
Median Floyds Knobs, Indiana home value: $292,700
Median annual Floyds Knobs, Indiana tax bill: $2,428, $28 higher than the national median property tax bill of $2,400.
How are property taxes in Floyd County calculated?
Property taxes in Floyds Knobs, 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 Floyds Knobs' property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Floyds Knobs, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Floyds Knobs, Floyd County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$2,342
$2,173
How Does the Floyds Knobs Property Tax Calculator Work?
Use this Floyds Knobs property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Floyds Knobs' median effective tax rate of 0.80% — based on actual property records in Floyd County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Floyds Knobs' 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 Floyds Knobs: rates range from 0.80% in 47119 to 0.80% in 47119, 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 Floyds Knobs.
About Floyds Knobs Property Taxes
About Property Taxes in Floyds Knobs, Floyd, Indiana
Floyds Knobs’s median effective property tax rate of 0.80% is lower than the Indiana state median of 1.01% and lower than the national median of 1.02%. This rate reflects the Floyd 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 Floyds Knobs. Homeowners in the 47119 ZIP code carry a median effective rate of 0.80%, while those in the lowest ZIP also pay 0.80%. This spread reflects how school district boundaries and local assessment districts are drawn across Floyd County. Understanding which part of Floyds Knobs you live in can make a meaningful difference to your annual tax bill.
Floyds Knobs homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Floyds Knobs, Floyd 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 Floyds Knobs'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 Floyds Knobs Tax Rate
0.80%
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 Floyd County Tax Rate
0.85%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Floyds Knobs, Floyd County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47119 | 0.63% | 0.72% | 0.80% | 0.89% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Floyds Knobs, Floyd County, Indiana
When examining property taxes in Floyd Knobs, 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 Floyd 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 Floyd County, assessment notices are sent in April 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 Floyd Knobs.
For example, the median home price in Floyd Knobs is $292,700, with tax bills ranging significantly across the county. 47119 has the highest median home price at $292,700.
Property Tax Assessment Values Across Floyds Knobs, Floyd County, Indiana
Source: Ownwell
$155,400
$240,925
$326,450
Median Floyds Knobs Market Value
$292,700
Median Floyd County Market Value
$194,300
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Floyds Knobs, Floyd County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47119 | $139,820 | $201,100 | $292,700 | $430,600 | $580,960 |
Source: Ownwell
Property Tax Bills Across Floyds Knobs, Floyd County, Indiana
Property tax bills in Floyds Knobs are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value to determine the final bill, so two homes with similar market values can still have different taxes if their assessments differ.
For a home with a median value of $292,700, the property tax bill can vary widely depending on the assessment and the local rate. In this area, the median tax bill is $2,428, which is close to the national median property tax bill of $2,400. Bills can be much lower or higher, with the 25th percentile at $1,549 and the 75th percentile at $3,732.
For homeowners, this means property taxes can be a major part of annual housing costs. A higher assessment or tax rate can raise the bill, while a lower one can reduce it.
Median Floyds Knobs Tax Bill
$2,428
Median Floyd County Tax Bill
$1,850
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Floyds Knobs, Floyd County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47119 | $925 | $1,549 | $2,428 | $3,732 | $5,359 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Floyd Tax Assessor | |
| Website | beacon.schneidercorp.com |