Vevay, Jefferson County, Indiana Property Taxes
Median Vevay, 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 Vevay, Indiana home value: $116,300
Median annual Vevay, Indiana tax bill: $903, $1,497 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in Vevay, 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 Vevay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vevay, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Vevay, Jefferson County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$977
$907
Property Tax Rates Across Vevay, Jefferson County, Indiana
Local government entities determine tax rates, which can differ significantly across a state. Each year, counties estimate the budget necessary to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. While votes and legislation play roles in establishing these rates and budgets, this is essentially the annual process.
You can compare Vevay’s effective property tax rate to other cities in Indiana, as well as the median property tax rates in Indiana and the U.S. Vevay, located in Jefferson County, has a property tax rate of 0.84%. This is below the national median property tax rate of 1.02%. When looking at the broader picture, Indiana’s median property tax rate also stands at 0.84%, aligning with Vevay’s rate. This lower rate can be appealing to property owners who are seeking to minimize their tax burden. Understanding these figures can aid property owners in making informed decisions about their 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 Vevay Tax Rate
0.84%
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 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 Vevay, Jefferson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47043 | 0.46% | 0.51% | 0.84% | 1.06% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Vevay, Jefferson County, Indiana
When examining property taxes in Vevay, 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. This assessed value is used to calculate your property taxes, which is 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 Vevay. For example, the median home price in Vevay is $116,300, with tax bills ranging significantly across the county. Zip code 47043 has the highest median home price at $116,300.
Property Tax Assessment Values Across Vevay, Jefferson County, Indiana
Source: Ownwell
$64,000
$102,900
$141,800
Median Vevay Market Value
$116,300
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 Vevay, Jefferson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47043 | $47,420 | $84,550 | $116,300 | $180,750 | $250,220 |
Source: Ownwell
Property Tax Bills Across Vevay, Jefferson County, Indiana
In Vevay, located in Jefferson County, Indiana, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Vevay is $116,300, and the property tax rate is calculated based on this assessed value. Homeowners in Vevay can expect a median property tax bill of $903, which is significantly lower than the national median of $2,400. The tax bill varies widely, with the 25th percentile at $461 and the 90th percentile reaching up to $2,972, reflecting differences in property values and applicable exemptions.
Factors influencing property tax bills include property size, location, and any applicable exemptions or deductions. These taxes can significantly impact homeowners' budgets, making it crucial to ensure accuracy in assessments. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners in Vevay pay only their fair share, offering peace of mind and potential savings.
Median Vevay Tax Bill
$903
Median Jefferson County Tax Bill
$1,194
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Vevay, Jefferson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47043 | $261 | $461 | $903 | $2,240 | $2,972 |
Source: Ownwell