Owensville, Gibson County, Indiana Property Taxes
Median Owensville, 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 Owensville, IN home value: $144,700
Median annual Owensville, IN tax bill: $1,218, $1,182 lower than the national median property tax bill of $2,400.
How are property taxes in Gibson calculated?
Property taxes in Owensville, 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 Owensville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Owensville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Owensville, Gibson County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,201
$1,115
Property Tax Rates Across Owensville, Gibson County, Indiana
Local government entities set tax rates, which can vary widely within a state. Each county 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 there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Owensville, located in Gibson County, IN, property tax rates are determined by these local calculations. The effective tax rate here is 0.83%, which is lower than the national median property tax rate of 1.02%. This means homeowners in Owensville generally pay less in property taxes compared to many other areas across the country. With the national median property tax bill at $2,400, Owensville residents benefit from a more affordable property tax burden.
By comparing Owensville’s effective property tax rate to other cities in Indiana and the median property tax rates in the state and the U.S., residents can better understand how their property tax obligations align with broader trends.
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 Owensville Tax Rate
0.83%
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 Owensville, Gibson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47665 | 0.49% | 0.68% | 0.83% | 1.01% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Owensville, Gibson County, Indiana
When examining property taxes in Owensville, 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 Gibson County Assessor's 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 Owensville. For example, the median home price in Owensville is $144,700, with tax bills ranging significantly across the county. 47665 has the highest median home price at $144,700.
Property Tax Assessment Values Across Owensville, Gibson County, Indiana
Source: Ownwell
$6,800
$120,400
$234,000
Median Owensville Market Value
$144,700
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 Owensville, Gibson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47665 | $52,200 | $100,200 | $144,700 | $203,800 | $278,400 |
Source: Ownwell
Property Tax Bills Across Owensville, Gibson County, Indiana
Median Owensville Tax Bill
$1,218
Median Gibson County Tax Bill
$1,336
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Owensville, Gibson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47665 | $377 | $731 | $1,218 | $1,872 | $2,658 |
Source: Ownwell