West Harrison, Franklin County, Indiana Property Taxes
Median West Harrison, IN effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median West Harrison, IN home value: $262,200
Median annual West Harrison, IN tax bill: $1,987, $413 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in West Harrison, 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 West Harrison’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in West Harrison, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
West Harrison, Franklin County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$1,940
$1,801
Property Tax Rates Across West Harrison, Franklin County, Indiana
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its budget needs to provide essential services and divides that amount by the total value of all taxable property within its area. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental process followed each year.
In West Harrison, located in Franklin County, the effective property tax rate stands at 0.74%. This rate is notably lower than the national median property tax rate of 1.02%, offering a comparative advantage for property owners in the area. While the tax rate in West Harrison aligns with both the highest and lowest median tax rates within the state, it remains competitive when compared to the broader U.S. landscape. This favorable tax rate can lead to substantial savings for residents, making it an attractive location for property investment and homeownership.
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 West Harrison Tax Rate
0.74%
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 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 West Harrison, Franklin County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47060 | 0.56% | 0.66% | 0.74% | 0.87% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across West Harrison, Franklin County, Indiana
When examining property taxes in West Harrison, 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 Franklin County assessment office 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 West Harrison. For example, the median home price in West Harrison is $262,200, with tax bills ranging significantly across the county. Zip code 47060 has the highest median home price at $262,200.
Property Tax Assessment Values Across West Harrison, Franklin County, Indiana
Source: Ownwell
$95,750
$178,975
$262,200
Median West Harrison Market Value
$262,200
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 West Harrison, Franklin County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47060 | $109,320 | $178,600 | $262,200 | $361,900 | $451,920 |
Source: Ownwell
Property Tax Bills Across West Harrison, Franklin County, Indiana
In West Harrison, property tax bills are calculated based on the assessed value of a home, which is determined by the Franklin County Assessor. This valuation considers various factors, including property size, location, and market conditions. The local tax rate is then applied to this assessed value to determine the tax bill. For homeowners in West Harrison, the median home price is $262,200, with tax bills ranging from $1,236 at the 25th percentile to $3,855 at the 90th percentile. The median property tax bill in the area is $1,987, which is below the national median of $2,400, offering some relief to homeowners.
However, property taxes can still be a significant burden. Ownwell assists homeowners by identifying potential savings through appeals and exemptions. Our team of experts reviews your property assessment to ensure it’s accurate and fair. If discrepancies are found, we file an appeal on your behalf, potentially reducing your tax liability and ensuring you only pay what you truly owe.
Median West Harrison Tax Bill
$1,987
Median Franklin County Tax Bill
$1,329
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across West Harrison, Franklin County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47060 | $693 | $1,236 | $1,987 | $2,874 | $3,855 |
Source: Ownwell