Brookville, Franklin County, Indiana Property Taxes

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

Median Brookville, IN effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Brookville, IN home value: $146,050
Median annual Brookville, IN tax bill: $1,194, $1,206 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

Brookville, Franklin County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$1,271

$1,179

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

Property Tax Rates Across Brookville, Franklin County, Indiana

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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 votes and laws influence the setting of tax rates and budgets, this is the annual process in a nutshell.

In Brookville, located in Franklin County, the effective property tax rate is notably competitive when compared to other cities in Indiana. The median property tax rate here is 0.87%, which is lower than the national median property tax rate of 1.02%. This makes Brookville an attractive location for property owners looking for lower property tax burdens. The rates in Brookville are consistent with the highest and lowest median tax rates in the area, providing stability for property owners. This consistency in tax rates can offer potential savings and is an appealing factor for those considering purchasing property in Brookville.

Property Tax Rates Across Brookville, Franklin County, Indiana

Source: Ownwell

0.60%

0.74%

0.87%

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 Brookville Tax Rate

0.87%

Median Effective Franklin County Tax Rate

0.79%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brookville, Franklin County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47012	0.50%	0.67%	0.87%	1.39%	1.72%

Source: Ownwell

Property Tax Assessment Values Across Brookville, Franklin County, Indiana

When examining property taxes in Brookville, 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 Franklin County appraisal district 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 Franklin 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 Brookville. For example, the median home price in Brookville is $146,050, with tax bills ranging significantly across the county. Zip code 47012 has the highest median home price at $146,050.

Property Tax Assessment Values Across Brookville, Franklin County, Indiana

Source: Ownwell

$95,750

$178,975

$262,200

Median Brookville Market Value

$146,050

Median Franklin County Market Value

$167,400

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brookville, Franklin County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47012	$19,490	$73,100	$146,050	$221,200	$308,110

Source: Ownwell

Property Tax Bills Across Brookville, Franklin County, Indiana

In Brookville, Franklin County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Brookville is $146,050. Homeowners in this area face property tax bills that vary significantly, with the 25th percentile at $505, the 75th percentile at $1,983, and the 90th percentile reaching $2,915. The median property tax bill in the region is $1,194, which is lower than the national median of $2,400. Factors such as property improvements, market conditions, and local budget needs can influence the assessed value and, consequently, the tax bill. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property data and market trends, Ownwell identifies opportunities for tax reductions, ensuring homeowners pay only what is necessary, thereby maximizing their savings.

Property Tax Bills Across Brookville, Franklin County, Indiana

Source: Ownwell

$746

$1,409

$2,072

Median Brookville Tax Bill

$1,194

Median Franklin County Tax Bill

$1,329

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Brookville, Franklin County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47012	$262	$505	$1,194	$1,983	$2,915

Source: Ownwell