Cayuga, Vermillion County, Indiana Property Taxes

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

Median Cayuga, IN effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but also lower than the Indiana state median of 0.99%. Median Cayuga, IN home value: $71,600. Median annual Cayuga, IN tax bill: $683, $1,717 lower than the national median property tax bill of $2,400.

How are property taxes in Vermillion County calculated?

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

Last Updated March 1, 2025

Cayuga, Vermillion County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$702

$651

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

Property Tax Rates Across Cayuga, Vermillion County, Indiana

Local government entities determine tax rates, which can significantly differ within a state. This is because each county annually estimates its budgetary needs for providing services and divides this by the total value of all taxable property within its jurisdiction. This calculation yields the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the annual process. In Cayuga, located in Vermillion County, Indiana, the property tax rate is reflective of this process. Compared to other cities in Indiana and nationally, Cayuga's effective property tax rate offers a unique perspective. The state's median property tax rate is slightly below the national median of 1.02%. This can be attributed to the varying economic conditions and budgetary requirements across different counties. Understanding these nuances can be crucial for property owners looking to manage their tax liabilities effectively. Whether you're a homeowner or considering purchasing property in Cayuga, being informed about these tax rates can aid in making financially sound decisions.

Property Tax Rates Across Cayuga, Vermillion County, Indiana

Source: Ownwell

0.93%

1.28%

1.62%

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 Cayuga Tax Rate

0.98%

Median Effective Vermillion County Tax Rate

1.02%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cayuga, Vermillion County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47928	0.38%	0.72%	0.98%	1.68%	2.04%

Source: Ownwell

Property Tax Assessment Values Across Cayuga, Vermillion County, Indiana

When examining property taxes in Cayuga, 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 Vermillion 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 Vermillion 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 Cayuga. For example, the median home price in Cayuga is $71,600, with tax bills ranging significantly across the county. Zip code 47928 has the highest median home price at $71,600.

Property Tax Assessment Values Across Cayuga, Vermillion County, Indiana

Source: Ownwell

$38,300

$79,750

$121,200

Median Cayuga Market Value

$71,600

Median Vermillion County Market Value

$78,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cayuga, Vermillion County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47928	$18,130	$46,150	$71,600	$105,100	$181,620

Source: Ownwell

Property Tax Bills Across Cayuga, Vermillion County, Indiana

In Cayuga, located in Vermillion County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in Cayuga is $71,600, and the property tax bill can vary significantly. For instance, homeowners in the 25th percentile pay around $357, while those in the 75th percentile face bills up to $1,264. The highest median tax bill recorded is $683, which is notably below the national median property tax bill of $2,400. These variations are influenced by factors such as property size, location, and improvements. Lower property tax rates in Cayuga can be beneficial to homeowners, but ensuring the assessed value is accurate is crucial. Ownwell offers specialized services to help homeowners appeal their property assessments and secure exemptions, potentially reducing their tax burden. By leveraging expert knowledge and local market insights, Ownwell assists homeowners in navigating the complexities of property taxes, ensuring they pay only what is fair and necessary.

Property Tax Bills Across Cayuga, Vermillion County, Indiana

Source: Ownwell

$316

$722

$1,127

Median Cayuga Tax Bill

$683

Median Vermillion County Tax Bill

$864

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Cayuga, Vermillion County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47928	$148	$357	$683	$1,264	$2,302

Source: Ownwell