Buckskin, Gibson County, Indiana Property Taxes
Median Buckskin, IN effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Buckskin, IN home value: $80,000
Median annual Buckskin, IN tax bill: $523, $1,877 lower than the national median property tax bill of $2,400.
How are property taxes in Gibson County calculated?
Property taxes in Buckskin, 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 Buckskin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buckskin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Buckskin, Gibson County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$536
$497
Property Tax Rates Across Buckskin, Gibson County, Indiana
Local government entities in Indiana, including those in Buckskin, Gibson County, determine tax rates, which can significantly differ across the state. This variation arises because each county annually estimates its budget for providing essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the basic annual process.
Buckskin's effective property tax rate can be compared to other cities in Indiana and the median property tax rates in Indiana and the U.S. With a median property tax rate of 0.67%, Buckskin aligns with Gibson County's tax rate, which is notably lower than the national median property tax rate of 1.02%. This difference can result in significant savings for property owners in Buckskin compared to the national average. Understanding these rates can be crucial for homeowners looking to manage their property tax liabilities effectively.
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 Buckskin Tax Rate
0.67%
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 Gibson County Tax Rate
0.95%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Buckskin, Gibson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47647 | 0.35% | 0.41% | 0.67% | 0.81% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Buckskin, Gibson County, Indiana
When examining property taxes in Buckskin, 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 Gibson 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 Gibson 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 Buckskin.
For example, the median home price in Buckskin is $80,000, with tax bills ranging significantly across the county. Zip code 47647 has the highest median home price at $80,000.
Property Tax Assessment Values Across Buckskin, Gibson County, Indiana
Source: Ownwell
$6,800
$120,400
$234,000
Median Buckskin Market Value
$80,000
Median Gibson County Market Value
$136,300
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Buckskin, Gibson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47647 | $56,180 | $66,100 | $80,000 | $135,200 | $141,160 |
Source: Ownwell
Property Tax Bills Across Buckskin, Gibson County, Indiana
Median Buckskin Tax Bill
$523
Median Gibson County Tax Bill
$1,336
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Buckskin, Gibson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47647 | $239 | $316 | $523 | $969 | $1,169 |
Source: Ownwell