Trafalgar, Johnson County, Indiana Property Taxes
Median Trafalgar, IN effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Trafalgar, IN home value: $253,200
Median annual Trafalgar, IN tax bill: $2,182, $218 lower than the national median property tax bill of $2,400.
How are property taxes in Johnson County calculated?
Property taxes in Trafalgar, 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 Trafalgar’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Trafalgar, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Trafalgar, Johnson County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$2,102
$1,950
Property Tax Rates Across Trafalgar, Johnson County, Indiana
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Trafalgar, located in Johnson County, Indiana, the effective property tax rate stands at 0.83%. This rate is consistent with both the highest and lowest median tax rates within the area. Compared to the national median property tax rate of 1.02%, Trafalgar's rate is notably lower, offering residents a relatively more affordable tax burden. Furthermore, when assessed against the national median property tax bill of $2,400, homeowners in Trafalgar might find their annual expenses more manageable. This advantageous tax environment can be a significant factor for potential homebuyers or current residents considering property investments. Understanding these differences in tax rates can aid in making informed decisions about property ownership and investment in the region.
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 Trafalgar Tax Rate
0.83%
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 Johnson County Tax Rate
0.94%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Trafalgar, Johnson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46181 | 0.56% | 0.72% | 0.83% | 0.95% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Trafalgar, Johnson County, Indiana
When examining property taxes in Trafalgar, 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 Johnson 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 Johnson 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 Trafalgar.
For example, the median home price in Trafalgar is $253,200, with tax bills ranging significantly across the county. ZIP code 46181 has the highest median home price at $253,200.
Property Tax Assessment Values Across Trafalgar, Johnson County, Indiana
Source: Ownwell
$123,700
$225,575
$327,450
Median Trafalgar Market Value
$253,200
Median Johnson County Market Value
$236,500
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Trafalgar, Johnson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46181 | $107,660 | $185,600 | $253,200 | $377,600 | $562,400 |
Source: Ownwell
Property Tax Bills Across Trafalgar, Johnson County, Indiana
In Trafalgar, property tax bills are determined based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is estimated by local tax assessors. Homeowners in Trafalgar, located in Johnson County, experience varying tax bills depending on their property's value. The median home price in the area is $253,200, and property tax bills range significantly, with the 25th percentile at $1,402 and the 75th percentile at $3,388. This variability can impact homeowners' budgets, especially when compared to the national median property tax bill of $2,400.
Ownwell assists homeowners by offering property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners ensure their property is assessed fairly. This can lead to significant savings, reducing the financial burden of property taxes. With expert guidance, homeowners in Trafalgar can navigate the complexities of property taxes and potentially lower their tax bills, aligning them more closely with the national average.
Median Trafalgar Tax Bill
$2,182
Median Johnson County Tax Bill
$2,401
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Trafalgar, Johnson County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46181 | $721 | $1,402 | $2,182 | $3,388 | $5,195 |
Source: Ownwell