Monterey, Pulaski County, Indiana Property Taxes

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

Median MONTEREY, IN effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but higher than the Indiana state median of 0.99%.
Median MONTEREY, IN home value: $71,850
Median annual MONTEREY, IN tax bill: $422, $1,978 lower than the national median property tax bill of $2,400.

How are property taxes in Pulaski calculated?

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

Last Updated March 1, 2025

Monterey, Pulaski County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$719

$667

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

Property Tax Rates Across Monterey, Pulaski County, Indiana

Local government entities determine tax rates, and these can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its area. This calculation establishes the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly process.

In Monterey, located in Pulaski County, the property tax dynamics reflect this process. The effective property tax rate in Monterey can be compared to other cities in Indiana, as well as the median property tax rates in Indiana and across the U.S. With Indiana's median property tax rate slightly below the national median of 1.02%, homeowners in Monterey might find some financial relief compared to other regions. However, understanding these rates and how they are applied is crucial for property owners looking to manage their tax liabilities effectively. Whether you're a homeowner or considering purchasing property in Monterey, staying informed about local tax rates can help you make better financial decisions.

Property Tax Rates Across Monterey, Pulaski County, Indiana

Source: Ownwell

0.51%

0.81%

1.12%

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 Monterey Tax Rate

1.00%

Median Effective Pulaski County Tax Rate

0.66%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monterey, Pulaski County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46960	0.34%	0.51%	1.00%	1.12%	1.97%

Source: Ownwell

Property Tax Assessment Values Across Monterey, Pulaski County, Indiana

When examining property taxes in Monterey, 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 Pulaski 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 Pulaski 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 Monterey. For example, the median home price in Monterey is $71,850, with tax bills ranging significantly across the county. Zip code 46960 has the highest median home price at $71,850.

Property Tax Assessment Values Across Monterey, Pulaski County, Indiana

Source: Ownwell

$16,500

$92,950

$169,400

Median Monterey Market Value

$71,850

Median Pulaski County Market Value

$99,900

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monterey, Pulaski County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46960	$6,200	$18,425	$71,850	$128,475	$206,050

Source: Ownwell

Property Tax Bills Across Monterey, Pulaski County, Indiana

In Monterey, Pulaski County, Indiana, property tax bills are calculated based on the assessed value of your home. With a median home price of $71,850, homeowners typically see tax bills that vary significantly. The 25th percentile tax bill is around $188, while those in the 75th percentile pay approximately $955. For the highest earners, in the 90th percentile, tax bills can reach up to $1,762. Compared to the national median property tax bill of $2,400, Monterey's rates are relatively low. However, understanding the factors that influence these bills, such as changes in assessed value and local tax rates, is crucial for homeowners. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners navigate the complexities of property tax assessments. Through strategic appeals and identifying eligible exemptions, Ownwell can potentially reduce your property tax bill, ensuring you're not overpaying and keeping more money in your pocket.

Property Tax Bills Across Monterey, Pulaski County, Indiana

Source: Ownwell

$139

$647

$1,155

Median Monterey Tax Bill

$422

Median Pulaski County Tax Bill

$631

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Monterey, Pulaski County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46960	$70	$188	$422	$955	$1,762

Source: Ownwell