Coatesville, Putnam County, Indiana Property Taxes
Median Coatesville, Indiana effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Coatesville, Indiana home value: $166,200
Median annual Coatesville, Indiana tax bill: $1,171, $1,229 lower than the national median property tax bill of $2,400.
How are property taxes in Putnam County calculated?
Property taxes in Coatesville, 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 Coatesville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Coatesville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Coatesville, Putnam County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$1,097
$1,018
Property Tax Rates Across Coatesville, Putnam County, Indiana
Local government entities determine tax rates, which can significantly differ within a state. Each year, counties estimate the necessary budget to fund services and divide this by the total assessed value of all taxable property in their area, resulting in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially how the process unfolds annually.
In Coatesville, located in Putnam County, Indiana, the effective property tax rate is 0.66%. This rate is notably lower than the national median property tax rate of 1.02%, offering some relief for property owners in the area. When comparing Coatesville's rate to other cities in Indiana, it aligns with both the highest and lowest median tax rates within the state, which are also 0.66%. This consistency across the state suggests a level of uniformity in property tax assessments, providing predictability for homeowners. With Indiana's property tax rate below the national average, Coatesville residents benefit from relatively lower property tax bills, making it an attractive location for prospective homeowners seeking affordability.
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 Coatesville Tax Rate
0.66%
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 Putnam County Tax Rate
0.77%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Coatesville, Putnam County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46121 | 0.37% | 0.51% | 0.66% | 0.87% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Coatesville, Putnam County, Indiana
When examining property taxes in Coatesville, 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 Putnam 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 Putnam County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Coatesville. For example, the median home price in Coatesville is $166,200, with tax bills ranging significantly across the county. Zip code 46121 has the highest median home price at $166,200.
Property Tax Assessment Values Across Coatesville, Putnam County, Indiana
Source: Ownwell
$52,200
$118,575
$184,950
Median Coatesville Market Value
$166,200
Median Putnam County Market Value
$120,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Coatesville, Putnam County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46121 | $94,780 | $126,750 | $166,200 | $266,150 | $357,840 |
Source: Ownwell
Property Tax Bills Across Coatesville, Putnam County, Indiana
Median Coatesville Tax Bill
$1,171
Median Putnam County Tax Bill
$978
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Coatesville, Putnam County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46121 | $385 | $688 | $1,171 | $2,312 | $4,321 |
Source: Ownwell