Unionville, Monroe County, Indiana Property Taxes

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

Median Unionville, IN effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Unionville, IN home value: $251,250
Median annual Unionville, IN tax bill: $2,362, $38 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

Unionville, Monroe County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$2,010

$1,865

Ownwell’s Unionville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Unionville with just two data points. By entering your property's estimated assessed value, our calculator applies Unionville’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 Unionville, Monroe County, Indiana

Local government entities determine property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget required to provide essential services and divides it by the total assessed value of all taxable property in its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process. In Unionville, Monroe County, Indiana, the effective property tax rate is 0.80%. This rate is consistent across Unionville and Monroe County, aligning with the highest and lowest median tax rates in this area. When comparing this rate to the national median property tax rate of 1.02%, Unionville's rate is lower, which can be appealing to property owners. Understanding these tax rates is crucial for homeowners looking to manage their property tax liabilities effectively. By staying informed about local property tax trends, Unionville residents can make better financial decisions regarding their property investments.

Property Tax Rates Across Unionville, 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 Unionville Tax Rate

0.80%

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 Unionville, Monroe County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47468	0.44%	0.61%	0.80%	1.32%	1.42%

Source: Ownwell

Property Tax Assessment Values Across Unionville, Monroe County, Indiana

When examining property taxes in Unionville, 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 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 Unionville. For example, the median home price in Unionville is $251,250, with tax bills ranging significantly across the county. Zip code 47468 has the highest median home price at $251,250.

Property Tax Assessment Values Across Unionville, Monroe County, Indiana

Source: Ownwell

$83,500

$212,850

$342,200

Median Unionville Market Value

$251,250

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 Unionville, Monroe County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47468	$99,320	$168,300	$251,250	$433,675	$626,000

Source: Ownwell

Property Tax Bills Across Unionville, Monroe County, Indiana

In Unionville, located in Monroe County, Indiana, property tax bills are determined by assessing the property's market value and applying the local tax rate. Indiana's property tax system considers factors such as the assessed value, deductions, and exemptions to calculate the final tax bill. The median home price in Unionville is $251,250. Property tax bills can vary significantly, with the 25th percentile at $1,095 and the 75th percentile reaching $4,282, while the 90th percentile can be as high as $7,310. The median tax bill in Monroe County is $2,362, slightly below the national median of $2,400. For homeowners, these taxes can significantly impact their annual expenses. However, there are ways to reduce these costs. By leveraging Ownwell's property tax appeal and exemption services, homeowners can potentially lower their tax bills. Ownwell's expertise in navigating the complex property tax system ensures that homeowners in Unionville receive the best possible savings, allowing them to keep more of their hard-earned money.

Property Tax Bills Across Unionville, Monroe County, Indiana

Source: Ownwell

$445

$2,201

$3,957

Median Unionville Tax Bill

$2,362

Median Monroe County Tax Bill

$2,375

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Unionville, Monroe County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47468	$597	$1,095	$2,362	$4,282	$7,310

Source: Ownwell