Mooresville, Hendricks County, Indiana Property Taxes
Median Mooresville, IN effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Mooresville, IN home value: $301,450
Median annual Mooresville, IN tax bill: $2,514, $114 higher than the national median property tax bill of $2,400.
How are property taxes in Hendricks County calculated?
Property taxes in Mooresville, 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 Mooresville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mooresville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mooresville, Hendricks County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$2,351
$2,182
Ownwell’s Mooresville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mooresville with just two data points.
By entering your property's estimated assessed value, our calculator applies Mooresville’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 Hendricks County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Mooresville, Hendricks County, Indiana
Local government entities set tax rates, which can vary significantly within a state. This is because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.
Mooresville, located in Morgan County, Indiana, has an effective property tax rate that can be compared to other cities in the state and the national median. Indiana's median property tax rate is 0.78%, which is lower than the national median of 1.02%. Consequently, Indiana homeowners often pay less in property taxes compared to the national average. In Mooresville, this lower rate can be particularly beneficial, providing homeowners with a favorable tax environment. Understanding these differences can help homeowners make informed decisions about their property investments and financial planning.
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 Mooresville Tax Rate
0.78%
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 Hendricks County Tax Rate
0.98%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mooresville, Hendricks County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46158 | 0.62% | 0.71% | 0.78% | 0.84% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Mooresville, Hendricks County, Indiana
When examining property taxes in Mooresville, 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 Hendricks 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 Hendricks County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Mooresville. For example, the median home price in Mooresville is $301,450, with tax bills ranging significantly across the county. Zip code 46158 has the highest median home price at $301,450.
Property Tax Assessment Values Across Mooresville, Hendricks County, Indiana
Source: Ownwell
$118,250
$293,525
$468,800
Median Mooresville Market Value
$301,450
Median Hendricks County Market Value
$256,800
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mooresville, Hendricks County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46158 | $170,670 | $234,200 | $301,450 | $404,600 | $534,890 |
Source: Ownwell
Property Tax Bills Across Mooresville, Hendricks County, Indiana
In Mooresville, located in Hendricks County, Indiana, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local assessor's office and reflects the market value of the property. The property tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the homeowner's tax liability. With a median property tax bill of $2,514, Mooresville's tax burden is slightly above the national median of $2,400, indicating a significant expense for homeowners.
Ownwell can assist homeowners in Mooresville by reviewing their property assessments to identify potential errors or overvaluations. By appealing these assessments, homeowners may reduce their tax bills. Additionally, Ownwell can guide homeowners through exemption opportunities, ensuring they take full advantage of available tax relief programs. This proactive approach not only helps in lowering property tax expenses but also provides peace of mind, knowing that experts are managing the complexities of property taxation.
Median Mooresville Tax Bill
$2,514
Median Hendricks County Tax Bill
$2,647
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Mooresville, Hendricks County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46158 | $1,242 | $1,767 | $2,514 | $3,364 | $4,528 |
Source: Ownwell