Bargersville, Morgan County, Indiana Property Taxes
Median Bargersville, IN effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Bargersville, IN home value: $349,100
Median annual Bargersville, IN tax bill: $1,709, $691 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan County calculated?
Property taxes in Bargersville, 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 Bargersville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bargersville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bargersville, Morgan County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.51%
Estimate Property Tax Bill
$1,780
$1,652
Property Tax Rates Across Bargersville, Morgan County, Indiana
Local government entities determine tax rates, which can differ significantly within a state. This variability arises because each county annually estimates its budget needs to provide essential services and divides this by the total value of all taxable property within its boundaries. This calculation results in the property tax rate. While votes and legislation are part of the process of setting tax rates and budgets, this is essentially how it works each year.
In Bargersville, located in Johnson County, Indiana, the effective property tax rate is worth noting. Compared to other cities in Indiana, Bargersville's rate offers a unique perspective on property taxation within the state. With Indiana's median property tax rate standing at 0.81%, Bargersville's rate is notably lower, providing residents with a financial advantage. When compared to the national median property tax rate of 1.02%, Bargersville stands out as an attractive location for property owners seeking lower tax obligations. This difference highlights the benefits of understanding local tax rates and how they can impact financial planning for property owners.
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 Bargersville Tax Rate
0.51%
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 Morgan County Tax Rate
0.54%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bargersville, Morgan County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46106 | 0.25% | 0.42% | 0.51% | 0.70% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Bargersville, Morgan County, Indiana
When examining property taxes in Bargersville, 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 Morgan 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 Morgan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Bargersville. For example, the median home price in Bargersville is $349,100, with tax bills ranging significantly across the county. Zip code 46106 has the highest median home price at $349,100.
Property Tax Assessment Values Across Bargersville, Morgan County, Indiana
Source: Ownwell
$125,500
$237,300
$349,100
Median Bargersville Market Value
$349,100
Median Morgan County Market Value
$228,450
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bargersville, Morgan County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46106 | $158,800 | $249,200 | $349,100 | $390,400 | $843,400 |
Source: Ownwell
Property Tax Bills Across Bargersville, Morgan County, Indiana
Median Bargersville Tax Bill
$1,709
Median Morgan County Tax Bill
$1,323
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Bargersville, Morgan County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46106 | $458 | $1,055 | $1,709 | $2,582 | $5,737 |
Source: Ownwell