Commiskey, Jefferson County, Indiana Property Taxes

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

Median Commiskey, Indiana effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%. Median Commiskey, Indiana home value: $94,600. Median annual Commiskey, Indiana tax bill: $854, $1,546 lower than the national median property tax bill of $2,400. How are property taxes in Jefferson County calculated? Property taxes in Commiskey, 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 Commiskey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Commiskey, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Commiskey, Jefferson County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$795

$737

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

Property Tax Rates Across Commiskey, Jefferson County, Indiana

Local government entities set tax rates, and these can vary significantly even within a single state. This is because each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction. This process determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual procedure. In Commiskey, located in Jefferson County, Indiana, the effective property tax rate is noteworthy when compared to other cities in Indiana and the U.S. median. Indiana's median property tax rate is 0.84%, which is below the national median of 1.02%. This lower rate can be appealing for homeowners looking to reduce their property tax burden. However, it's essential to consider the overall property tax bill, which can vary based on property values. Understanding these rates and how they compare nationally can help property owners make informed decisions about their investments and potential savings through appeals and exemptions.

Property Tax Rates Across Commiskey, Jefferson County, Indiana

Source: Ownwell

0.68%

0.84%

1.00%

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 Commiskey Tax Rate

0.84%

Median Effective Jefferson County Tax Rate

0.93%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Commiskey, Jefferson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47227	0.48%	0.64%	0.84%	1.54%	1.89%

Source: Ownwell

Property Tax Assessment Values Across Commiskey, Jefferson County, Indiana

When examining property taxes in Commiskey, 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 Jefferson 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 Jefferson 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 Commiskey.

For example, the median home price in Commiskey is $94,600, with tax bills ranging significantly across the county. Zip code 47227 has the highest median home price at $94,600.

Property Tax Assessment Values Across Commiskey, Jefferson County, Indiana

Source: Ownwell

$64,000

$102,900

$141,800

Median Commiskey Market Value

$94,600

Median Jefferson County Market Value

$114,900

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Commiskey, Jefferson County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47227	$43,620	$62,500	$94,600	$162,100	$243,700

Source: Ownwell

Property Tax Bills Across Commiskey, Jefferson County, Indiana

In Commiskey, located in Jefferson County, IN, property tax bills are determined based on the assessed value of the home. The median home price in the area is $94,600. Homeowners in this region see a range of tax bills, with the 25th percentile paying around $507, while those in the 75th percentile pay approximately $1,547. Some homeowners, particularly those in the 90th percentile, face tax bills as high as $2,742. This variability in tax bills is influenced by factors such as property size, location, and any applicable exemptions. With the national median property tax rate at 1.02%, Commiskey's property taxes can be a significant financial consideration for homeowners.

Ownwell offers a valuable service to homeowners in Commiskey by helping them appeal their property tax assessments and identify potential exemptions. By leveraging their expertise, Ownwell can assist homeowners in reducing their tax burden, ensuring they pay a fair amount based on their property's true value. This can lead to substantial savings, making homeownership more affordable.

Property Tax Bills Across Commiskey, Jefferson County, Indiana

Source: Ownwell

$484

$940

$1,395

Median Commiskey Tax Bill

$854

Median Jefferson County Tax Bill

$1,194

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Commiskey, Jefferson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47227	$315	$507	$854	$1,547	$2,742

Source: Ownwell