Butlerville, Jennings County, Indiana Property Taxes
Median Butlerville, IN effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Butlerville, IN home value: $81,850
Median annual Butlerville, IN tax bill: $605, $1,795 lower than the national median property tax bill of $2,400.
How are property taxes in Jennings calculated?
Property taxes in Butlerville, 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 Butlerville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Butlerville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Butlerville, Jennings County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$761
$706
Property Tax Rates Across Butlerville, Jennings County, Indiana
Local government entities are responsible for setting property tax rates, which can vary significantly within Indiana. This variation is primarily due to each county's annual budget requirements to provide essential services. By dividing the required budget by the total value of all taxable property within its jurisdiction, a county determines its property tax rate. While votes and legal processes play a role in establishing these rates and budgets, this is essentially how the process unfolds each year.
Comparing Butlerville's effective property tax rate with other cities in Indiana and the national median provides valuable insights. Butlerville, located in Jennings County, has a median property tax rate of 0.93%, which is slightly below the national median of 1.02%. This lower rate can be appealing to property owners, as it suggests a relatively lower property tax bill compared to many other regions across the country. Understanding these differences can help property owners make informed decisions about 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 Butlerville Tax Rate
0.93%
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 Jennings County Tax Rate
0.87%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Butlerville, Jennings County, Indiana
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
47223 | 0.41% | 0.61% | 0.93% | 1.74% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Butlerville, Jennings County, Indiana
When examining property taxes in Butlerville, 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 Jennings 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 Jennings 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 Butlerville.
For example, the median home price in Butlerville is $81,850, with tax bills ranging significantly across the county. Zip code 47223 has the highest median home price at $81,850.
Property Tax Assessment Values Across Butlerville, Jennings County, Indiana
Source: Ownwell
$80,100
$118,300
$156,500
Median Butlerville Market Value
$81,850
Median Jennings County Market Value
$107,300
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Butlerville, Jennings County, Indiana
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
47223 | $7,310 | $31,125 | $81,850 | $131,775 | $188,150 |
Source: Ownwell
Property Tax Bills Across Butlerville, Jennings County, Indiana
In Butlerville, located in Jennings County, IN, property tax bills are calculated based on the assessed value of a home. The median home price here is $81,850, which is significantly lower than the national median. Tax bills can vary widely, with the 25th percentile at $270 and the 75th percentile reaching $1,208, indicating a range of tax burdens among homeowners. The highest and lowest median tax bills in the area are both $605, situated in the 47223 zip code. This suggests a consistent tax rate across different properties. Compared to the national median property tax bill of $2,400, homeowners in Butlerville generally face lower tax bills. However, these taxes still represent a significant expense for many.
Ownwell can assist homeowners in Butlerville by providing expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps to ensure that homeowners are not overpaying on their property taxes. This can lead to substantial savings and provide peace of mind for property owners.
Median Butlerville Tax Bill
$605
Median Jennings County Tax Bill
$904
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Butlerville, Jennings County, Indiana
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
47223 | $90 | $270 | $605 | $1,208 | $2,218 |
Source: Ownwell