Princeton, Gibson County, Indiana Property Taxes

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

Median Princeton, IN effective property tax rate: 0.97%, slightly lower than the national median of 1.02%, but also lower than the Indiana state median of 0.99%.
Median Princeton, IN home value: $125,400
Median annual Princeton, IN tax bill: $1,339, $1,061 lower than the national median property tax bill of $2,400.

How are property taxes in Gibson County calculated?

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

Last Updated March 1, 2025

Princeton, Gibson County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.97%

Estimate Property Tax Bill

$1,216

$1,129

Ownwell’s Princeton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Princeton with just two data points. By entering your property's estimated assessed value, our calculator applies Princeton’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 Princeton, Gibson County, Indiana

Local government entities are responsible for setting tax rates, resulting in significant variations within a state. Annually, each county, such as Gibson County in Indiana, estimates its budget needs for essential services and divides this by the total value of all taxable property in its area. This calculation determines the property tax rate. While laws and votes play a role in setting these rates and budgets, this is essentially how the annual process unfolds. In Princeton, located in Gibson County, the effective property tax rate is a key factor for homeowners to consider. Comparing Princeton's property tax rate with other cities in Indiana and the national median provides valuable insight. The national median property tax rate is 1.02%, with a median property tax bill of $2400. Understanding how Princeton's rate aligns with these figures can help property owners make informed decisions about their investments and potential savings.

Property Tax Rates Across Princeton, 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 Princeton Tax Rate

0.97%

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 Princeton, Gibson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47670	0.61%	0.91%	0.97%	1.25%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Princeton, Gibson County, Indiana

When examining property taxes in Princeton, 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.

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 Princeton. For example, the median home price in Princeton is $125,400, with tax bills ranging significantly across the county. Zip code 47670 has the highest median home price at $125,400.

Property Tax Assessment Values Across Princeton, Gibson County, Indiana

Source: Ownwell

$6,800

$120,400

$234,000

Median Princeton Market Value

$125,400

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 Princeton, Gibson County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47670	$57,680	$88,350	$125,400	$176,400	$230,600

Source: Ownwell

Property Tax Bills Across Princeton, Gibson County, Indiana

In Princeton, Gibson County, IN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, and local government entities set the tax rate based on budgetary needs. For homeowners in Princeton, the property tax bill can vary significantly; the 25th percentile tax bill is $906, while the 75th percentile is $1,932, and the 90th percentile reaches $2,643. These figures show a range of tax burdens, reflecting differences in property values and tax rates across the area. Compared to the national median property tax bill of $2,400, Princeton's tax bills can be relatively moderate. However, they can still be a financial strain for some homeowners. Ownwell helps homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell ensures homeowners pay only their fair share, offering peace of mind and potential savings.

Property Tax Bills Across Princeton, Gibson County, Indiana

Source: Ownwell

$138

$1,362

$2,585

Median Princeton Tax Bill

$1,339

Median Gibson County Tax Bill

$1,336

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Princeton, Gibson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47670	$474	$906	$1,339	$1,932	$2,643

Source: Ownwell