Sunman, Ripley County, Indiana Property Taxes

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

Median Sunman, IN effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Sunman, IN home value: $162,300
Median annual Sunman, IN tax bill: $1,427, $973 lower than the national median property tax bill of $2,400.

How are property taxes in Ripley calculated?

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

Last Updated March 1, 2025

Sunman, Ripley County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$1,282

$1,190

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

Property Tax Rates Across Sunman, Ripley County, Indiana

Local government entities determine tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Sunman, located in Ripley County, Indiana, the effective property tax rate is 0.79%. This rate is below the national median property tax rate of 1.02% and aligns with the median rate across Indiana. Compared to the U.S. median property tax bill of $2400, residents in Sunman benefit from a more favorable tax environment. This lower tax rate can be advantageous for property owners looking to reduce their tax burden while enjoying the services provided by the local government. Understanding these rates can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Sunman, Ripley County, Indiana

Source: Ownwell

0.52%

0.69%

0.86%

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 Sunman Tax Rate

0.79%

Median Effective Ripley County Tax Rate

0.79%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sunman, Ripley County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47041	0.49%	0.65%	0.79%	1.04%	1.73%

Source: Ownwell

Property Tax Assessment Values Across Sunman, Ripley County, Indiana

When examining property taxes in Sunman, 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 Ripley 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.

In Ripley County, assessment notices are sent in the spring 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 Sunman.

For example, the median home price in Sunman is $162,300, with tax bills ranging significantly across the county. Zip code 47041 has the highest median home price at $162,300.

Property Tax Assessment Values Across Sunman, Ripley County, Indiana

Source: Ownwell

$41,650

$109,275

$176,900

Median Sunman Market Value

$162,300

Median Ripley County Market Value

$137,800

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sunman, Ripley County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47041	$70,980	$110,100	$162,300	$231,800	$289,980

Source: Ownwell

Property Tax Bills Across Sunman, Ripley County, Indiana

In Sunman, located in Ripley County, Indiana, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The tax rate is applied to this value to establish the annual tax bill. For homeowners in Sunman, the median property tax bill is $1,427, which is below the national median of $2,400. This relatively lower tax burden can be attributed to the area's housing market, where the median home price is $162,300. However, tax bills can vary significantly, with the 25th percentile paying around $826, while those in the 90th percentile face bills up to $2,904. These variations are influenced by factors such as property size, location, and market trends. Homeowners in Sunman can benefit from Ownwell's expertise in property tax appeals and exemptions, helping them identify potential savings and ensure they are not overpaying. By leveraging local knowledge and tax code expertise, Ownwell assists homeowners in potentially reducing their tax liability and optimizing their financial well-being.

Property Tax Bills Across Sunman, Ripley County, Indiana

Source: Ownwell

$454

$972

$1,490

Median Sunman Tax Bill

$1,427

Median Ripley County Tax Bill

$1,170

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Sunman, Ripley County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47041	$428	$826	$1,427	$2,184	$2,904

Source: Ownwell