Austin, Jackson County, Indiana Property Taxes
Median Austin, Indiana effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Austin, Indiana home value: $118,800
Median annual Austin, Indiana tax bill: $807, $1,593 lower than the national median property tax bill of $2,400.
How are property taxes in Jackson County calculated?
Property taxes in Austin, Indiana 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 Austin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Austin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Austin, Jackson County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$784
$728
Property Tax Rates Across Austin, Jackson County, Indiana
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 Austin Tax Rate
0.66%
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 Jackson County Tax Rate
0.74%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Austin, Jackson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47102 | 0.33% | 0.48% | 0.66% | 0.90% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Austin, Jackson County, Indiana
When examining property taxes in Austin, 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 Jackson 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 Jackson 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 Austin. For example, the median home price in Austin is $118,800, with tax bills ranging significantly across the county. Zip code 47102 has the highest median home price at $118,800.
Property Tax Assessment Values Across Austin, Jackson County, Indiana
Source: Ownwell
$69,200
$107,900
$146,600
Median Austin Market Value
$118,800
Median Jackson County Market Value
$134,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Austin, Jackson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47102 | $38,600 | $74,500 | $118,800 | $171,300 | $216,600 |
Source: Ownwell
Property Tax Bills Across Austin, Jackson County, Indiana
In Austin, located in Jackson County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in this area is $118,800. Homeowners in Austin can expect their property tax bills to vary widely, with the 25th percentile paying around $344, while those in the 75th percentile might pay approximately $1,219. For the 90th percentile, the tax bill can reach up to $2,143. These figures are relatively moderate compared to the national median property tax rate of 1.02% and a median bill of $2,400.
Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. High property taxes can significantly impact a homeowner's financial situation, making it essential to ensure their assessment is accurate. Ownwell offers expert property tax appeal services to help homeowners in Austin potentially reduce their tax bills. By reviewing assessments and identifying discrepancies, Ownwell assists in securing fair tax rates, ultimately saving homeowners money.
Median Austin Tax Bill
$807
Median Jackson County Tax Bill
$1,065
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Austin, Jackson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47102 | $218 | $344 | $807 | $1,219 | $2,143 |
Source: Ownwell