Bedford, Lawrence County, Indiana Property Taxes
Property Taxes in Bedford, Indiana
Median Bedford, Indiana effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, and lower than the Indiana state median of 1.01%.
Median Bedford, Indiana home value: $142,200
Median annual Bedford, Indiana tax bill: $1,316, $1,084 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence calculated?
Property taxes in Bedford, 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 Bedford's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bedford, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bedford, Lawrence County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$1,266
$1,174
How Does the Bedford Property Tax Calculator Work?
Use this Bedford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bedford's median effective tax rate of 0.89% — based on actual property records in Lawrence County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Bedford's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Bedford's tax rate is lower than the 1.01% Indiana median property tax rate, and the typical bill is also lower than the $2,400 national median property tax bill. The median property tax bill is $1,316, which is $1,084 lower than the state median tax bill.
Your bill may vary by ZIP code within Bedford: rates range from 47421 to 47421, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Bedford.
About Bedford Property Taxes
About Property Taxes in Bedford, Lawrence, Indiana
Bedford’s median effective property tax rate of 0.89% is lower than the Indiana state median of 1.01% and lower than the national median of 1.02%. This rate reflects the Lawrence County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Bedford. Homeowners in the 47421 ZIP code carry a median effective rate of 0.89%, while those in the same ZIP code also pay 0.89%. This spread reflects how school district boundaries and local assessment districts are drawn across Lawrence County. Understanding which part of Bedford you live in can make a meaningful difference to your annual tax bill.
Bedford homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Bedford, Lawrence County, Indiana
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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.
Below, you can compare Bedford's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
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 Bedford Tax Rate
0.89%
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 Lawrence County Tax Rate
0.83%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bedford, Lawrence County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47421 | 0.48% | 0.69% | 0.89% | 1.02% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Bedford, Lawrence County, Indiana
When examining property taxes in Bedford, 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 Lawrence County assessor 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.
Assessment notices:
In Lawrence 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 Bedford.
For example, the median home price in Bedford is $142,200, with tax bills ranging significantly across the county. 47421 has the highest median home price at $142,200.
Property Tax Assessment Values Across Bedford, Lawrence County, Indiana
Source: Ownwell
$22,700
$96,750
$170,800
Median Bedford Market Value
$142,200
Median Lawrence County Market Value
$138,200
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bedford, Lawrence County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47421 | $50,470 | $94,300 | $142,200 | $210,200 | $304,530 |
Source: Ownwell
Property Tax Bills Across Bedford, Lawrence County, Indiana
Property tax bills in Bedford are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing authorities use that assessed value to determine how much each homeowner owes, so two homes with different values can receive very different bills. For Bedford homeowners, the median home price is $142,200, which helps explain why tax bills can vary across the city.
Several factors affect the final amount, including the home’s assessed value, local tax rates, and any exemptions a homeowner may qualify for. In Bedford, the tax bill at the 25th percentile is $721, while the 75th percentile reaches $2,054 and the 90th percentile reaches $3,012. The median tax bill in zip code 47421 is $1,316, showing how location within the city can influence what homeowners pay.
These bills can have a meaningful impact on household budgets, especially when assessed values rise faster than expected.
Median Bedford Tax Bill
$1,316
Median Lawrence County Tax Bill
$1,220
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Bedford, Lawrence County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47421 | $340 | $721 | $1,316 | $2,054 | $3,012 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Lawrence Tax Assessor | |
| Website | lawrencein.wthgis.com |