Lanesville, Harrison County, Indiana Property Taxes
Median Lanesville, IN effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Lanesville, IN home value: $245,750
Median annual Lanesville, IN tax bill: $1,344, $1,056 lower than the national median property tax bill of $2,400.
How are property taxes in Harrison calculated?
Property taxes in Lanesville, 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 Lanesville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lanesville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lanesville, Harrison County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.53%
Estimate Property Tax Bill
$1,302
$1,209
Property Tax Rates Across Lanesville, Harrison County, Indiana
Local government entities set tax rates, and these can differ significantly within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, though influenced by votes and laws, is the essence of how annual tax rates are determined.
In Lanesville, located in Harrison County, Indiana, the effective property tax rate is a reflection of this process. When compared to other cities in Indiana, Lanesville's rate is consistent, as the highest and lowest median tax rates in the area are the same. Indiana's median property tax rate is notably lower than the national median of 1.02%, making it an appealing location for property owners seeking lower tax burdens. This comparison highlights the benefits for residents in terms of potentially reduced property tax bills compared to the national median bill of $2,400, offering a financial advantage to homeowners in this region.
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 Lanesville Tax Rate
0.53%
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 Harrison County Tax Rate
0.61%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lanesville, Harrison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47136 | 0.41% | 0.48% | 0.53% | 0.61% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Lanesville, Harrison County, Indiana
When examining property taxes in Lanesville, 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 Harrison 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 Harrison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Lanesville. For example, the median home price in Lanesville is $245,750, with tax bills ranging significantly across the county. ZIP code 47136 has the highest median home price at $245,750.
Property Tax Assessment Values Across Lanesville, Harrison County, Indiana
Source: Ownwell
$93,300
$169,525
$245,750
Median Lanesville Market Value
$245,750
Median Harrison County Market Value
$175,400
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lanesville, Harrison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47136 | $109,200 | $163,700 | $245,750 | $310,050 | $405,500 |
Source: Ownwell
Property Tax Bills Across Lanesville, Harrison County, Indiana
Median Lanesville Tax Bill
$1,344
Median Harrison County Tax Bill
$1,112
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Lanesville, Harrison County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47136 | $477 | $890 | $1,344 | $1,875 | $2,613 |
Source: Ownwell