Rising Sun, Ohio County, Indiana Property Taxes

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

Median Rising Sun, IN effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Rising Sun, IN home value: $152,500
Median annual Rising Sun, IN tax bill: $1,302, $1,098 lower than the national median property tax bill of $2,400.

How are property taxes in Ohio County calculated?

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

Last Updated March 1, 2025

Rising Sun, Ohio County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$1,113

$1,033

Ownwell’s Rising Sun Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rising Sun with just two data points. By entering your property's estimated assessed value, our calculator applies Rising Sun’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 Ohio County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Rising Sun, Ohio County, Indiana

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Rising Sun, located in Ohio County, Indiana, the effective property tax rate is a topic of interest. Compared to the national median property tax rate of 1.02%, Rising Sun's rate is notably different. While Indiana's median property tax rate is lower than the national average, Rising Sun's rate reflects the state's trend. Property tax bills can vary significantly, and Rising Sun's figures offer an interesting contrast to both state and national medians. Understanding these differences can be crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Rising Sun, Ohio County, Indiana

Source: Ownwell

0.68%

0.82%

0.95%

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 Rising Sun Tax Rate

0.73%

Median Effective Ohio County Tax Rate

0.73%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rising Sun, Ohio County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47040	0.49%	0.63%	0.73%	1.01%	1.73%

Source: Ownwell

Property Tax Assessment Values Across Rising Sun, Ohio County, Indiana

When examining property taxes in Rising Sun, 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 Ohio County appraisal district 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 Ohio 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 Rising Sun. For example, the median home price in Rising Sun is $152,500, with tax bills ranging significantly across the county. Zip code 47040 has the highest median home price at $152,500.

Property Tax Assessment Values Across Rising Sun, Ohio County, Indiana

Source: Ownwell

$152,500

$170,050

$187,600

Median Rising Sun Market Value

$152,500

Median Ohio County Market Value

$161,350

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rising Sun, Ohio County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47040	$75,500	$109,800	$152,500	$216,000	$285,140

Source: Ownwell

Property Tax Bills Across Rising Sun, Ohio County, Indiana

In Rising Sun, Ohio County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $152,500. Homeowners can expect a tax bill that typically falls between $816 and $1,892, with 90% of tax bills not exceeding $2,524. The highest and lowest median tax bills in the area are both $1,302, notably lower than the national median property tax bill of $2,400. Factors influencing the tax bill include the property's assessed value and the local tax rate. These bills can significantly impact homeowners, particularly when property values increase, leading to higher taxes. Ownwell assists homeowners by providing property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help ensure that homeowners are not overpaying, offering a valuable opportunity for savings in an area where property taxes can vary widely.

Property Tax Bills Across Rising Sun, Ohio County, Indiana

Source: Ownwell

$1,045

$1,323

$1,601

Median Rising Sun Tax Bill

$1,302

Median Ohio County Tax Bill

$1,342

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Rising Sun, Ohio County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47040	$479	$816	$1,302	$1,892	$2,524

Source: Ownwell