Galveston, Miami County, Indiana Property Taxes

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

Median Galveston, IN effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Galveston, IN home value: $166,800
Median annual Galveston, IN tax bill: $908, $1,492 lower than the national median property tax bill of $2,400.

How are property taxes in Miami calculated?

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

Last Updated March 1, 2025

Galveston, Miami County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.52%

Estimate Property Tax Bill

$867

$805

Ownwell’s Galveston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Galveston with just two data points. By entering your property's estimated assessed value, our calculator applies Galveston’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Galveston, Miami County, Indiana

Local government entities determine tax rates, which can differ significantly across a state. This variation occurs because each county annually calculates its budgetary needs for providing services and divides this figure by the total assessed value of all taxable property within the county. This process establishes the property tax rate. Although the setting of tax rates and budgets involves votes and laws, this annual process is essentially how it works.

In Galveston, located in Miami County, Indiana, the effective property tax rate is notably lower than both the state and national averages. Compared to the national median property tax rate of 1.02%, Galveston's rate is significantly more favorable for property owners. This lower rate can provide substantial savings for homeowners, making it an attractive area for potential buyers. Understanding these differences is crucial for property owners considering an appeal or exemption. By leveraging local and national data, property owners can make informed decisions about their property tax obligations and explore opportunities for savings.

Property Tax Rates Across Galveston, 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 Galveston Tax Rate

0.52%

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 Galveston, Miami County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46932	0.30%	0.42%	0.52%	0.67%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Galveston, Miami County, Indiana

When examining property taxes in Galveston, 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 Miami 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. Assessment notices: Miami County sends assessment notices 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 Galveston. For example, the median home price in Galveston is $166,800, with tax bills ranging significantly across the county. Zip code 46932 has the highest median home price at $166,800.

Property Tax Assessment Values Across Galveston, Miami County, Indiana

Source: Ownwell

$24,850

$98,475

$172,100

Median Galveston Market Value

$166,800

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 Galveston, Miami County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46932	$44,960	$79,600	$166,800	$218,800	$313,720

Source: Ownwell

Property Tax Bills Across Galveston, Miami County, Indiana

In Galveston, Indiana, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local assessor and reflects the estimated market value of the property. The tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Galveston face a median property tax bill of $908, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with amounts ranging from $367 at the 25th percentile to $1,986 at the 90th percentile. These variations can significantly impact homeowners' financial planning. Ownwell assists homeowners by identifying potential errors in property assessments and helping them file appeals to lower their tax bills. By leveraging expert knowledge and a deep understanding of local tax codes, Ownwell can effectively reduce the financial burden on homeowners, ensuring they pay only their fair share in property taxes.

Property Tax Bills Across Galveston, Miami County, Indiana

Source: Ownwell

$113

$755

$1,397

Median Galveston Tax Bill

$908

Median Miami County Tax Bill

$709

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Galveston, Miami County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46932	$153	$367	$908	$1,479	$1,986

Source: Ownwell