Greentown, Miami County, Indiana Property Taxes
Median Greentown, IN effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%. Median Greentown, IN home value: $134,400. Median annual Greentown, IN tax bill: $594, $1,806 lower than the national median property tax bill of $2,400.
How are property taxes in Miami calculated?
Property taxes in Greentown, 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 Greentown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greentown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Greentown, Miami County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$645
$599
Property Tax Rates Across Greentown, Miami County, Indiana
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties assess their budgetary needs to provide essential services and divide this amount by the total value of all taxable property within their jurisdiction, establishing the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the crux of the annual process.
In Greentown, located in Howard County, Indiana, the effective property tax rate reflects this process. Howard County's median property tax rate stands at 0.82%, which is notably lower than the national median of 1.02%. This lower rate results in a median property tax bill of $1,260, significantly below the national median of $2,400.
Comparatively, Greentown's effective property tax rate is competitive within Indiana, offering residents a more affordable tax burden. This can be an attractive factor for potential homeowners and investors looking for property in the area. Understanding these dynamics can help residents and potential buyers make informed decisions about property investments in Greentown.
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 Greentown Tax Rate
0.48%
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 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 Greentown, Miami County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46936 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Greentown, Miami County, Indiana
When examining property taxes in Greentown, 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 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 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 Greentown.
For example, the median home price in Greentown is $134,400, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Greentown, Miami County, Indiana
Source: Ownwell
$24,850
$98,475
$172,100
Median Greentown Market Value
$134,400
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 Greentown, Miami County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46936 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Greentown, Miami County, Indiana
In Greentown, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as location, property size, and improvements. Greentown is located in Miami County, Indiana, where property tax bills can vary significantly. For instance, homeowners in the 25th percentile pay about $409, while those in the 75th percentile pay around $1,436. The 90th percentile sees bills reaching up to $1,941. These figures highlight the disparity in tax burdens, which can be higher or lower than the national median property tax bill of $2,400.
Homeowners in Greentown might find their tax bills burdensome, especially if their property's assessed value is high. This is where Ownwell can assist. By leveraging their expertise in property tax appeals and exemptions, Ownwell helps homeowners potentially reduce their tax bills. They analyze property assessments and identify opportunities for savings, ensuring homeowners in Greentown pay only what is fair.
Median Greentown Tax Bill
$594
Median Miami County Tax Bill
$709
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Greentown, Miami County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46936 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell