Vevay, Switzerland County, Indiana Property Taxes
Median Vevay, Indiana effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Vevay, Indiana home value: $88,500
Median annual Vevay, Indiana tax bill: $751, $1,649 lower than the national median property tax bill of $2,400.
How are property taxes in Switzerland County calculated?
Property taxes in Vevay, 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 Vevay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vevay, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Vevay, Switzerland County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$726
$673
Ownwell’s Vevay Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vevay with just two data points.
By entering your property's estimated assessed value, our calculator applies Vevay’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 Switzerland County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Vevay, Switzerland County, Indiana
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their 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.
In Vevay, located in Switzerland County, Indiana, the effective property tax rate stands at 0.82%. This is notably lower than the national median property tax rate of 1.02%. The property tax rate in Vevay matches the highest and lowest median tax rates within the county, highlighting a uniformity in tax assessments across different areas. Comparatively, Indiana's median property tax rate aligns closely with the rates found in Vevay, providing a consistent tax experience for property owners in the region. With a national median property tax bill of $2,400, property owners in Vevay may find their tax obligations more manageable, potentially making the area an attractive option for homeowners seeking affordability and consistency in property tax rates.
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 Vevay Tax Rate
0.82%
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 Switzerland County Tax Rate
0.80%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Vevay, Switzerland County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47043 | 0.40% | 0.58% | 0.82% | 1.46% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Vevay, Switzerland County, Indiana
When examining property taxes in Vevay, 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 Switzerland 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 Switzerland 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 Vevay. For example, the median home price in Vevay is $88,500, with tax bills ranging significantly across the county. 47043 has the highest median home price at $88,500.
Property Tax Assessment Values Across Vevay, Switzerland County, Indiana
Source: Ownwell
$45,800
$80,375
$114,950
Median Vevay Market Value
$88,500
Median Switzerland County Market Value
$86,100
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Vevay, Switzerland County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47043 | $29,700 | $52,500 | $88,500 | $134,700 | $192,220 |
Source: Ownwell
Property Tax Bills Across Vevay, Switzerland County, Indiana
Median Vevay Tax Bill
$751
Median Switzerland County Tax Bill
$696
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Vevay, Switzerland County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47043 | $201 | $379 | $751 | $1,310 | $2,003 |
Source: Ownwell