Morgantown, Morgan County, Indiana Property Taxes
Property Taxes in Morgantown, Indiana
Median Morgantown, Indiana effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, and lower than the Indiana state median of 1.01%.
Median Morgantown, Indiana home value: $221,050
Median annual Morgantown, Indiana tax bill: $1,822, $578 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan calculated?
Property taxes in Morgantown, 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 Morgantown's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morgantown, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Morgantown, Morgan County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$1,614
$1,497
How Does the Morgantown Property Tax Calculator Work?
Use this Morgantown property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Morgantown's median effective tax rate of 0.73% — based on actual property records in Morgan County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Morgantown's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Morgantown: rates range from 0.73% in 46160 to 0.73% in 46160, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Morgantown.
About Morgantown Property Taxes
About Property Taxes in Morgantown, Morgan, Indiana
Morgantown's median effective property tax rate of 0.73% is lower than the Indiana state median of 1.01% and lower than the national median of 1.02%. This rate reflects the Morgan County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Morgantown. Homeowners in the 46160 ZIP code carry a median effective rate of 0.73%, while those in the lowest ZIP code pay 0.73%. This spread reflects how school district boundaries and local assessment districts are drawn across Morgan County. Understanding which part of Morgantown you live in can make a meaningful difference to your annual tax bill.
Morgantown homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Morgantown, Morgan County, Indiana
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Morgantown's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
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 Morgantown Tax Rate
0.73%
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
0.63%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Morgantown, Morgan County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46160 | 0.53% | 0.66% | 0.73% | 1.23% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Morgantown, Morgan County, Indiana
When examining property taxes in Morgantown, 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 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 Morgan County, assessment notices are sent in April 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 Morgantown.
For example, the median home price in Morgantown is $221,050, with tax bills ranging significantly across the county. 46160 has the highest median home price at $221,050.
Property Tax Assessment Values Across Morgantown, Morgan County, Indiana
Source: Ownwell
$132,250
$242,725
$353,200
Median Morgantown Market Value
$221,050
Median Morgan County Market Value
$233,100
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Morgantown, Morgan County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46160 | $87,900 | $147,175 | $221,050 | $359,150 | $495,770 |
Source: Ownwell
Property Tax Bills Across Morgantown, Morgan County, Indiana
Property tax bills in Morgantown are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is influenced by factors such as the home’s size, condition, location, and any improvements that may affect what it could sell for. For a home with a median price of $221,050, the resulting tax bill can vary widely depending on the assessment and the tax rate set by local taxing authorities.
Homeowners in Morgantown may see bills that differ significantly from one property to another. The 25th percentile tax bill is $1,101, while the 75th percentile is $2,916 and the 90th percentile reaches $4,016. The median tax bill is $1,822, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. These differences can have a meaningful impact on monthly housing costs and long-term affordability.
Median Morgantown Tax Bill
$1,822
Median Morgan County Tax Bill
$1,598
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Morgantown, Morgan County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46160 | $587 | $1,101 | $1,822 | $2,916 | $4,016 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Morgan Tax Assessor | |
| Website | auditor.morgancounty55.us |