Gosport, Monroe County, Indiana Property Taxes

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

Median Gosport, IN effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Gosport, IN home value: $180,600
Median annual Gosport, IN tax bill: $1,414, $986 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe County calculated?

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

Last Updated March 1, 2025

Gosport, Monroe County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$1,391

$1,290

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

By entering your property's estimated assessed value, our calculator applies Gosport’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 Monroe County.

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

Property Tax Rates Across Gosport, Monroe County, Indiana

Local government entities determine tax rates, which can differ significantly within a state. This variation is due to each county's annual budgetary needs. To fund services, counties estimate their required budget and divide it by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Votes and laws play a role in setting these rates and budgets, but this is the annual process in essence.

In Gosport, within Monroe County, the effective property tax rate is a reflection of this process. When comparing this rate to other cities in Indiana, as well as the median property tax rates statewide and nationally, it becomes evident how Gosport stands. With Indiana's median property tax rate at 0.77%, it is considerably lower than the national median of 1.02%. This indicates a more favorable tax environment for property owners in Gosport compared to many other regions across the United States. Understanding these differences can help property owners make informed decisions about appealing their property taxes and exploring potential exemptions.

Property Tax Rates Across Gosport, Monroe County, Indiana

Source: Ownwell

0.50%

0.84%

1.18%

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 Gosport Tax Rate

0.77%

Median Effective Monroe County Tax Rate

0.90%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gosport, Monroe County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47433	0.44%	0.61%	0.77%	1.26%	1.47%

Source: Ownwell

Property Tax Assessment Values Across Gosport, Monroe County, Indiana

When examining property taxes in Gosport, 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 Monroe 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 Monroe 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 Gosport.

For example, the median home price in Gosport is $180,600, with tax bills ranging significantly across the county. Zip code 47433 has the highest median home price at $180,600.

Property Tax Assessment Values Across Gosport, Monroe County, Indiana

Source: Ownwell

$83,500

$212,850

$342,200

Median Gosport Market Value

$180,600

Median Monroe County Market Value

$243,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gosport, Monroe County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47433	$58,350	$121,450	$180,600	$247,175	$324,250

Source: Ownwell

Property Tax Bills Across Gosport, Monroe County, Indiana

In Gosport, Monroe County, IN, 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 Gosport is $180,600, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value. In Gosport, the median tax bill is $1,414, which is significantly lower than the national median of $2,400. Homeowners in Gosport can expect tax bills ranging from $817 at the 25th percentile to $3,187 at the 90th percentile. This variability can affect homeowners' budgets, making it crucial to ensure their property is accurately assessed. Ownwell can assist homeowners in Gosport by reviewing their property assessments and filing appeals if necessary. By doing so, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay what is fair and accurate according to their property's assessed value.

Property Tax Bills Across Gosport, Monroe County, Indiana

Source: Ownwell

$445

$2,201

$3,957

Median Gosport Tax Bill

$1,414

Median Monroe County Tax Bill

$2,375

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Gosport, Monroe County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47433	$483	$817	$1,414	$2,291	$3,187

Source: Ownwell