Pekin, Floyd County, Indiana Property Taxes

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

Median Pekin, IN effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Pekin, IN home value: $287,400
Median annual Pekin, IN tax bill: $2,521, $121 higher than the national median property tax bill of $2,400.

How are property taxes in Floyd County calculated?

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

Last Updated March 1, 2025

Pekin, Floyd County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$2,385

$2,214

Ownwell’s Pekin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pekin with just two data points. By entering your property's estimated assessed value, our calculator applies Pekin’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 Floyd County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pekin, Floyd County, Indiana

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties calculate their necessary budget to deliver services and divide that by the total value of all taxable property in their area. This process determines the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is essentially the yearly procedure. In Pekin, located in Washington County, Indiana, the effective property tax rate provides an interesting comparison to other cities within the state and the national median. Indiana's median property tax rate stands at 0.83%, notably below the national median of 1.02%. This lower rate can translate into significant savings for property owners when compared to the national average. With the national median property tax bill at $2,400, property owners in Indiana, including those in Pekin, may enjoy lower annual tax bills. This makes the state an attractive option for homeowners seeking affordability in their property tax obligations.

Property Tax Rates Across Pekin, Floyd County, Indiana

Source: Ownwell

0.71%

0.85%

0.98%

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 Pekin Tax Rate

0.83%

Median Effective Floyd County Tax Rate

0.86%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pekin, Floyd County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47165	0.63%	0.74%	0.83%	0.91%	1.35%

Source: Ownwell

Property Tax Assessment Values Across Pekin, Floyd County, Indiana

When examining property taxes in Pekin, 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. In Floyd 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 Pekin. For example, the median home price in Pekin is $287,400, with tax bills ranging significantly across the county. Zip code 47165 has the highest median home price at $287,400.

Property Tax Assessment Values Across Pekin, Floyd County, Indiana

Source: Ownwell

$147,800

$231,250

$314,700

Median Pekin Market Value

$287,400

Median Floyd County Market Value

$183,400

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pekin, Floyd County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47165	$118,880	$176,600	$287,400	$402,400	$517,260

Source: Ownwell

Property Tax Bills Across Pekin, Floyd County, Indiana

In Pekin, located in Floyd County, IN, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Pekin face a median property tax bill that is slightly above the national median of $2,400, with the 25th percentile at $1,267 and the 75th percentile reaching $3,247. At the 90th percentile, tax bills can escalate to $5,019, indicating a significant range depending on property value and location. The highest and lowest median tax bills in the area are both $2,521, showcasing some consistency in tax assessments within certain regions of Floyd County.

For homeowners looking to reduce their property tax burden, Ownwell offers expert services to appeal and potentially lower these assessments. By analyzing market trends and comparable property values, Ownwell can help ensure that homeowners are not overpaying on their tax bills, providing valuable savings and peace of mind.

Property Tax Bills Across Pekin, Floyd County, Indiana

Source: Ownwell

$1,411

$1,991

$2,571

Median Pekin Tax Bill

$2,521

Median Floyd County Tax Bill

$1,788

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Pekin, Floyd County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47165	$830	$1,267	$2,521	$3,247	$5,019

Source: Ownwell