Clinton, Vermillion County, Indiana Property Taxes
Median Clinton, IN effective property tax rate: 1.02%, aligning with the national median of 1.02%, but slightly higher than the Indiana state median of 0.99%.
Median Clinton, IN home value: $82,900
Median annual Clinton, IN tax bill: $947, $1,453 lower than the national median property tax bill of $2,400.
How are property taxes in Vermillion County calculated?
Property taxes in Clinton, 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 Clinton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Clinton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Clinton, Vermillion County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.02%
Estimate Property Tax Bill
$846
$785
Property Tax Rates Across Clinton, Vermillion County, Indiana
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its 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. Below, you can compare Clinton’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
In Clinton, located in Vermillion County, the property tax landscape offers a unique perspective. Here, the effective property tax rate aligns with the national median of 1.02%. This consistency provides a balanced view for property owners, contrasting with the variations often seen across different regions. While some areas may experience higher rates, Clinton's alignment with the national average offers a sense of stability for homeowners. This context is crucial when considering property investments or evaluating the financial implications of homeownership in this region. Understanding these dynamics can empower property owners to make informed decisions, ensuring they are well-prepared for any financial commitments related to property taxes.
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 Clinton Tax Rate
1.02%
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 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 Clinton, Vermillion County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47842 | 0.52% | 0.84% | 1.02% | 1.93% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Vermillion County, Indiana
When examining property taxes in Clinton, 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 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.
Assessment notices: In Vermillion 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 Clinton. For example, the median home price in Clinton is $82,900, with tax bills ranging significantly across the county. Zip code 47842 has the highest median home price at $82,900.
Property Tax Assessment Values Across Clinton, Vermillion County, Indiana
Source: Ownwell
$38,300
$79,750
$121,200
Median Clinton Market Value
$82,900
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 Clinton, Vermillion County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47842 | $30,600 | $55,000 | $82,900 | $130,425 | $189,820 |
Source: Ownwell
Property Tax Bills Across Clinton, Vermillion County, Indiana
In Clinton, Indiana, located in Vermillion County, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Clinton is $82,900, which influences the property tax bill homeowners receive. The tax bill can vary significantly, with the 25th percentile at $540 and the 75th percentile at $1,595. At the 90th percentile, the tax bill reaches $2,377. The highest and lowest median tax bills in the area are both $947, reflecting the uniformity within the zip code 47842. These figures are compared to the national median property tax bill of $2,400, showing that Clinton's property taxes can be relatively lower for many homeowners.
Homeowners in Clinton can benefit from Ownwell's services, which focus on appealing property tax assessments and identifying potential exemptions. By leveraging expertise in property tax laws and local market conditions, Ownwell helps homeowners potentially reduce their tax obligations, offering significant savings and ensuring they only pay what is fair.
Median Clinton Tax Bill
$947
Median Vermillion County Tax Bill
$864
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Clinton, Vermillion County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47842 | $268 | $540 | $947 | $1,595 | $2,377 |
Source: Ownwell