Nashville, Monroe County, Indiana Property Taxes

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

Median Nashville, Indiana effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Nashville, Indiana home value: $342,200
Median annual Nashville, Indiana tax bill: $3,957, $1,557 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe County calculated?

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

Last Updated March 1, 2025

Nashville, Monroe County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$4,038

$3,747

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

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

Local government entities set tax rates, which can vary widely within a state. 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 Nashville’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Property Tax Rates Across Nashville, 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 Nashville Tax Rate

1.18%

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 Nashville, Monroe County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47448	0.60%	0.68%	1.18%	1.21%	1.32%

Source: Ownwell

Property Tax Assessment Values Across Nashville, Monroe County, Indiana

When examining property taxes in Nashville, 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'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 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 Nashville.

For example, the median home price in Nashville is $342,200, with tax bills ranging significantly across the county. Zip code 47448 has the highest median home price at $342,200.

Property Tax Assessment Values Across Nashville, Monroe County, Indiana

Source: Ownwell

$83,500

$212,850

$342,200

Median Nashville Market Value

$342,200

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 Nashville, Monroe County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47448	$119,040	$247,300	$342,200	$484,600	$636,240

Source: Ownwell

Property Tax Bills Across Nashville, Monroe County, Indiana

In Nashville, Monroe County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. The median home price in the area is $342,200, influencing the tax bill significantly. Homeowners in Nashville face a wide range of property tax bills, with the 25th percentile at $2,165 and the 75th percentile reaching $4,528. The highest median tax bill recorded in the region is $3,957, which aligns with the national median property tax bill of $2,400. These variations depend on factors such as property size, location, and improvements. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps clients potentially reduce their tax liabilities, ensuring they pay only their fair share and achieve significant savings on their property tax bills.

Property Tax Bills Across Nashville, Monroe County, Indiana

Source: Ownwell

$445

$2,201

$3,957

Median Nashville Tax Bill

$3,957

Median Monroe County Tax Bill

$2,375

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Nashville, Monroe County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47448	$860	$2,165	$3,957	$4,528	$6,162

Source: Ownwell