Camby, Morgan County, Indiana Property Taxes
Median Camby, IN effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Camby, IN home value: $245,500
Median annual Camby, IN tax bill: $1,173, $1,227 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan County calculated?
Property taxes in Camby, 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 Camby’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Camby, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Camby, Morgan County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.46%
Estimate Property Tax Bill
$1,129
$1,048
Ownwell’s Camby Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Camby with just two data points.
By entering your property's estimated assessed value, our calculator applies Camby’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 Morgan County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Camby, Morgan County, Indiana
Local government entities are responsible for setting tax rates, which can differ significantly within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within 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 essentially the annual process.
In Camby, located in Morgan County, Indiana, the effective property tax rate is 0.46%. This rate is notably lower than the national median property tax rate of 1.02%. For residents, this lower tax rate can translate to significant savings compared to other regions in the U.S. where higher tax rates are the norm. When comparing Camby's property tax rate to other cities in Indiana, it becomes evident that Camby offers a more affordable option for property owners. This affordability can be a compelling factor for those considering relocation or investment in real estate within the state.
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 Camby Tax Rate
0.46%
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 Camby, Morgan County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46113 | 0.31% | 0.40% | 0.46% | 0.57% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Camby, Morgan County, Indiana
When examining property taxes in Camby, 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 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 Camby. For example, the median home price in Camby is $245,500, with tax bills ranging significantly across the county. Zip code 46113 has the highest median home price at $245,500.
Property Tax Assessment Values Across Camby, Morgan County, Indiana
Source: Ownwell
$125,500
$237,300
$349,100
Median Camby Market Value
$245,500
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 Camby, Morgan County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46113 | $165,900 | $197,400 | $245,500 | $309,300 | $375,960 |
Source: Ownwell
Property Tax Bills Across Camby, Morgan County, Indiana
Median Camby Tax Bill
$1,173
Median Morgan County Tax Bill
$1,323
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Camby, Morgan County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46113 | $545 | $804 | $1,173 | $1,640 | $2,261 |
Source: Ownwell