Evansville, Gibson County, Indiana Property Taxes

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

Median Evansville, IN effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but higher than the Indiana state median of 0.99%.
Median Evansville, IN home value: $180,300
Median annual Evansville, IN tax bill: $2,107, $293 lower than the national median property tax bill of $2,400.

How are property taxes in Gibson calculated?

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

Last Updated March 1, 2025

Evansville, Gibson County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$1,821

$1,690

Ownwell’s Evansville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Evansville with just two data points.

By entering your property's estimated assessed value, our calculator applies Evansville’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 Gibson County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Evansville, Gibson County, Indiana

Local government entities are responsible for setting property tax rates, which can differ significantly across Indiana. This variation occurs because each county annually calculates its budgetary needs for public services and divides this figure by the total assessed value of all taxable properties within its borders, resulting in the property tax rate. Although the process involves votes and legal stipulations, this is the fundamental method by which rates are determined each year. In Evansville, located in Gibson County, the effective property tax rate stands out when compared to other cities in Indiana. The city's tax rate aligns closely with the state's median, yet remains slightly below the national median of 1.02%. This makes Evansville an attractive option for property owners seeking lower tax obligations. Understanding these nuances can help property owners make informed decisions and potentially save on their property taxes.

Property Tax Rates Across Evansville, Gibson County, Indiana

Source: Ownwell

0.67%

1.17%

1.66%

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 Evansville Tax Rate

1.01%

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 Evansville, Gibson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47725	0.74%	0.90%	1.01%	1.09%	1.44%

Source: Ownwell

Property Tax Assessment Values Across Evansville, Gibson County, Indiana

When examining property taxes in Evansville, 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 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. Assessment notices: 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 Evansville. For example, the median home price in Evansville is $180,300, with tax bills ranging significantly across the county. 47725 has the highest median home price at $180,300.

Property Tax Assessment Values Across Evansville, Gibson County, Indiana

Source: Ownwell

$6,800

$120,400

$234,000

Median Evansville Market Value

$180,300

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 Evansville, Gibson County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47725	$124,440	$152,450	$180,300	$283,250	$314,480

Source: Ownwell

Property Tax Bills Across Evansville, Gibson County, Indiana

In Evansville, Gibson County, Indiana, property tax bills are determined by the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Evansville, the property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $1,566, while the 75th percentile sees a tax bill of $2,893. The 90th percentile reaches up to $3,300, reflecting the variability in tax obligations based on property value and location. Compared to the national median property tax rate of 1.02%, homeowners in Evansville may find their tax bills more or less burdensome depending on their property's assessed value. Ownwell can assist homeowners in Evansville by appealing their property tax assessments, potentially reducing their tax burden. By conducting a thorough analysis and leveraging local data, Ownwell can help homeowners achieve a fair assessment, ensuring they do not overpay on their property taxes.

Property Tax Bills Across Evansville, Gibson County, Indiana

Source: Ownwell

$138

$1,362

$2,585

Median Evansville Tax Bill

$2,107

Median Gibson County Tax Bill

$1,336

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Evansville, Gibson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47725	$1,150	$1,566	$2,107	$2,893	$3,300

Source: Ownwell