Bunker Hill, Miami County, Indiana Property Taxes

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

Median Bunker Hill, IN effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Bunker Hill, IN home value: $121,650
Median annual Bunker Hill, IN tax bill: $917, $1,483 lower than the national median property tax bill of $2,400.

How are property taxes in Miami County calculated?

Property taxes in Bunker Hill, 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 Bunker Hill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bunker Hill, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bunker Hill, Miami County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$827

$768

Ownwell’s Bunker Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bunker Hill with just two data points.

By entering your property's estimated assessed value, our calculator applies Bunker Hill’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 Miami County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bunker Hill, Miami County, Indiana

Local government entities play a crucial role in setting property tax rates, and these rates can differ significantly within a state. This variation is primarily because each county annually estimates its budget needs to provide essential services and then divides this amount by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. This process, while involving votes and legislation, is essentially how property tax rates are determined each year.

In Bunker Hill, Miami County, Indiana, the effective property tax rate is a reflection of this process. When compared to other cities within Indiana and even against national figures, Bunker Hill's rate offers a unique perspective. The median property tax rate in Indiana is notably lower than the national median of 1.02%. This makes Bunker Hill an attractive option for property owners looking for lower tax burdens. Understanding these variations can empower property owners to make informed decisions about their investments and potential savings in property taxes.

Property Tax Rates Across Bunker Hill, Miami County, Indiana

Source: Ownwell

0.37%

0.75%

1.14%

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 Bunker Hill Tax Rate

0.68%

Median Effective Miami County Tax Rate

0.80%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bunker Hill, Miami County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46914	0.35%	0.49%	0.68%	1.14%	2.02%

Source: Ownwell

Property Tax Assessment Values Across Bunker Hill, Miami County, Indiana

When examining property taxes in Bunker Hill, IN, 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 Miami 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 Miami 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 Bunker Hill. For example, the median home price in Bunker Hill is $121,650, with tax bills ranging significantly across the county. Zip code 46914 has the highest median home price at $121,650.

Property Tax Assessment Values Across Bunker Hill, Miami County, Indiana

Source: Ownwell

$24,850

$98,475

$172,100

Median Bunker Hill Market Value

$121,650

Median Miami County Market Value

$92,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bunker Hill, Miami County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46914	$35,050	$75,200	$121,650	$190,050	$277,700

Source: Ownwell

Property Tax Bills Across Bunker Hill, Miami County, Indiana

In Bunker Hill, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in the area is $121,650, and the tax bill can vary significantly depending on the assessed value and the local tax rate. For instance, property tax bills range from the 25th percentile at $516 to the 90th percentile at $2,153. The highest and lowest median tax bill in the area is $917, which is below the national median property tax bill of $2,400. Homeowners in Bunker Hill may find their tax bills affected by changes in property values and local tax rates. Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal services. By analyzing property assessments and identifying inaccuracies, Ownwell helps ensure homeowners are not overpaying. This service can be particularly beneficial in regions where property tax bills vary widely, offering potential savings and peace of mind.

Property Tax Bills Across Bunker Hill, Miami County, Indiana

Source: Ownwell

$113

$755

$1,397

Median Bunker Hill Tax Bill

$917

Median Miami County Tax Bill

$709

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Bunker Hill, Miami County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46914	$245	$516	$917	$1,474	$2,153

Source: Ownwell