Greentown, Tipton County, Indiana Property Taxes

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

Median Greentown, IN effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Greentown, IN home value: $92,200
Median annual Greentown, IN tax bill: $745, $1,655 lower than the national median property tax bill of $2,400.

How are property taxes in Tipton County calculated?

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

Last Updated March 1, 2025

Greentown, Tipton County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$1,014

$941

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

Property Tax Rates Across Greentown, Tipton County, Indiana

Local government entities in Tipton County, Indiana, determine property tax rates, which can differ significantly within the state. Each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although setting tax rates and budgets involves votes and legislative processes, this is the basic annual procedure.

In Greentown, the effective property tax rate can be compared to other cities in Indiana and the national median property tax rates. Indiana's median property tax rate stands at 1.10%, which is slightly higher than the national median of 1.02%. The median property tax bill in Indiana is often influenced by these rates, making it crucial for property owners to understand how these figures can impact their finances. By examining these rates, property owners in Greentown can gain insight into how their tax obligations compare to those in other regions, both within the state and across the country.

Property Tax Rates Across Greentown, Tipton County, Indiana

Source: Ownwell

0.48%

0.95%

1.41%

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 Greentown Tax Rate

1.10%

Median Effective Tipton County Tax Rate

0.79%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greentown, Tipton County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46936	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Greentown, Tipton County, Indiana

When examining property taxes in Greentown, 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 Tipton 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 Tipton 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 Greentown. For example, the median home price in Greentown is $92,200, with tax bills ranging significantly across the county. 46072 has the highest median home price at $92,200.

Property Tax Assessment Values Across Greentown, Tipton County, Indiana

Source: Ownwell

$91,050

$149,725

$208,400

Median Greentown Market Value

$92,200

Median Tipton County Market Value

$150,000

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greentown, Tipton County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46936	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Greentown, Tipton County, Indiana

In Greentown, Tipton County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $92,200, and the tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made. Homeowners in this region typically see tax bills ranging from $694 at the 25th percentile to $827 at the 90th percentile, which is below the national median property tax bill of $2,400. This relatively low property tax burden can be beneficial for homeowners, but there is still potential for savings. Ownwell offers expert property tax appeal services to help homeowners ensure their assessments are fair and accurate. By potentially lowering the assessed value, Ownwell can help homeowners reduce their property tax bills even further, providing peace of mind and financial relief.

Property Tax Bills Across Greentown, Tipton County, Indiana

Source: Ownwell

$547

$1,160

$1,773

Median Greentown Tax Bill

$745

Median Tipton County Tax Bill

$1,227

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Greentown, Tipton County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46936	N/A	N/A	N/A	N/A	N/A

Source: Ownwell