Greentown, Howard County, Indiana Property Taxes

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

Median Greentown, IN effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but also lower than the Indiana state median of 0.99%.
Median Greentown, IN home value: $159,700
Median annual Greentown, IN tax bill: $1,519, $881 lower than the national median property tax bill of $2,400.

How are property taxes in Howard calculated?

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

Last Updated March 1, 2025

Greentown, Howard County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$1,565

$1,452

Ownwell’s Greentown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greentown with just two data points. By entering your property's estimated assessed value, our calculator applies Greentown’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 Howard County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Greentown, Howard County, Indiana

Local government entities set tax rates, and these can vary significantly within Indiana. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Greentown, located in Howard County, the effective property tax rate stands at 0.98%. This rate is in line with the highest and lowest median property tax rates in the state, which are also 0.98%. When compared to Indiana's median property tax rate, Greentown's rate is consistent, offering residents a predictable taxation environment.

Nationally, the median property tax rate is 1.02%, with a median tax bill of $2,400. Greentown's rate is slightly below the national median, potentially providing a more affordable tax environment for property owners. This comparison highlights Greentown as a potentially attractive location for those seeking lower property tax rates without sacrificing access to essential services.

Property Tax Rates Across Greentown, Howard County, Indiana

Source: Ownwell

0.70%

0.86%

1.02%

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 Greentown Tax Rate

0.98%

Median Effective Howard County Tax Rate

1.00%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greentown, Howard County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46936	0.60%	0.82%	0.98%	1.06%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Greentown, Howard County, Indiana

When examining property taxes in Greentown, 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 Howard 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. Assessment notices: Howard 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 Greentown. For example, the median home price in Greentown is $159,700, with tax bills ranging significantly across the county. Zip code 46936 has the highest median home price at $159,700.

Property Tax Assessment Values Across Greentown, Howard County, Indiana

Source: Ownwell

$68,300

$120,800

$173,300

Median Greentown Market Value

$159,700

Median Howard County Market Value

$120,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greentown, Howard County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46936	$66,780	$107,700	$159,700	$220,300	$283,020

Source: Ownwell

Property Tax Bills Across Greentown, Howard County, Indiana

In Greentown, located in Howard County, Indiana, property tax bills are determined by assessing the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors influencing the assessed value include property size, location, and improvements. The median home price in Greentown is $159,700, with property tax bills varying significantly. For instance, the 25th percentile tax bill is $950, while the 75th percentile reaches $2,297. The highest median tax bill in the area is $1,519, which is still below the national median of $2,400. This variation can impact homeowners by affecting their housing costs and disposable income.

Ownwell offers valuable assistance to homeowners by identifying potential savings on property tax bills. By analyzing property assessments and ensuring fair valuations, Ownwell helps homeowners appeal unjust assessments and apply for exemptions. This service can lead to significant savings, reducing the financial burden of property taxes and providing peace of mind for homeowners in Greentown.

Property Tax Bills Across Greentown, Howard County, Indiana

Source: Ownwell

$437

$1,008

$1,579

Median Greentown Tax Bill

$1,519

Median Howard County Tax Bill

$1,236

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Greentown, Howard County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46936	$454	$950	$1,519	$2,297	$3,102

Source: Ownwell