Evansville, Posey County, Indiana Property Taxes

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

Median Evansville, IN effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Evansville, IN home value: $196,300
Median annual Evansville, IN tax bill: $1,511, $889 lower than the national median property tax bill of $2,400.

How are property taxes in Posey County calculated?

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

Last Updated March 1, 2025

Evansville, Posey County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$1,472

$1,366

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

Property Tax Rates Across Evansville, Posey County, Indiana

Local government entities set tax rates, which can vary widely within a state. 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 Evansville’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

In Evansville, located in Posey County, the median property tax rate is 0.75%. This rate is significantly below the national median property tax rate of 1.02%. Homeowners in Evansville benefit from lower tax rates compared to the national average, providing a more affordable living situation. Furthermore, the effective property tax rate in Evansville is consistent across the region, as evidenced by the uniform rate in the 47712 zip code. This stability offers predictability for property owners when planning their finances. By understanding these rates, homeowners in Evansville can make informed decisions about property investments and financial planning.

Property Tax Rates Across Evansville, Posey County, Indiana

Source: Ownwell

0.75%

0.88%

1.00%

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 Evansville Tax Rate

0.75%

Median Effective Posey County Tax Rate

0.86%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Evansville, Posey County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47712	0.47%	0.62%	0.75%	0.87%	1.43%
47720	N/A	N/A	N/A	N/A	N/A
47725	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Evansville, Posey County, Indiana

When examining property taxes in Evansville, IN, 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 Posey 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 Posey 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 Evansville. For example, the median home price in Evansville is $196,300, with tax bills ranging significantly across the county. Zip code 47712 has the highest median home price at $196,400.

Property Tax Assessment Values Across Evansville, Posey County, Indiana

Source: Ownwell

$47,700

$122,050

$196,400

Median Evansville Market Value

$196,300

Median Posey County Market Value

$149,800

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Evansville, Posey County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47712	$86,640	$141,600	$196,400	$273,200	$356,000
47720	N/A	N/A	N/A	N/A	N/A
47725	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Evansville, Posey County, Indiana

In Evansville, located in Posey County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and reflects the estimated market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. With a median home price of $196,300, homeowners in Evansville can expect varying tax bills. For instance, those in the 25th percentile pay around $897, while those in the 75th percentile face bills of approximately $2,227. The 90th percentile tax bill can reach up to $3,065. These figures can significantly impact homeowners' budgets, especially when compared to the national median property tax bill of $2,400. Ownwell steps in by offering property tax appeal and exemption services, helping homeowners potentially lower their tax obligations. By leveraging expert knowledge and local insights, Ownwell assists in ensuring that homeowners only pay their fair share, providing peace of mind and potential savings.

Property Tax Bills Across Evansville, Posey County, Indiana

Source: Ownwell

$358

$960

$1,562

Median Evansville Tax Bill

$1,511

Median Posey County Tax Bill

$1,290

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Evansville, Posey County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47712	$411	$897	$1,511	$2,227	$3,065
47720	N/A	N/A	N/A	N/A	N/A
47725	N/A	N/A	N/A	N/A	N/A

Source: Ownwell