Terre Haute, Vigo County, Indiana Property Taxes

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

Median TERRE HAUTE, IN effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but higher than the Indiana state median of 0.99%.
Median TERRE HAUTE, IN home value: $101,400
Median annual TERRE HAUTE, IN tax bill: $1,170, $1,230 lower than the national median property tax bill of $2,400.

How are property taxes in Vigo calculated?

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

Last Updated March 1, 2025

Terre Haute, Vigo County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$1,014

$941

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

Property Tax Rates Across Terre Haute, Vigo County, Indiana

Local government entities determine property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides it by the total value of all taxable properties within the area. This calculation determines the property tax rate. While setting these rates involves votes and legislation, this is the basic yearly process.

In Terre Haute, located in Vigo County, the effective property tax rate is a crucial factor for homeowners and potential buyers. Comparing Terre Haute’s rate with other cities in Indiana and the national median provides valuable context. Indiana’s median property tax rate aligns closely with the national median of 1.02%, but within the state, there is significant variation. For instance, the highest median tax rate in Vigo County is 1.99% in the 47807 zip code, while the lowest is 0.95% in the 47805 zip code. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Terre Haute, Vigo County, Indiana

Source: Ownwell

0.77%

1.38%

1.99%

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 Terre Haute Tax Rate

1.00%

Median Effective Vigo County Tax Rate

1.01%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Terre Haute, Vigo County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47802	0.64%	0.90%	0.99%	1.63%	2.16%
47803	0.78%	0.97%	1.01%	1.25%	2.15%
47804	0.71%	0.95%	1.04%	2.02%	2.19%
47805	0.50%	0.73%	0.95%	1.11%	2.05%
47807	0.87%	0.98%	1.99%	2.16%	2.83%
47808	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Terre Haute, Vigo County, Indiana

When examining property taxes in Terre Haute, 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 Vigo 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 Vigo 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 Terre Haute.

For example, the median home price in Terre Haute is $101,400, with tax bills ranging significantly across the county. Zip code 47802 has the highest median home price at $122,700.

Property Tax Assessment Values Across Terre Haute, Vigo County, Indiana

Source: Ownwell

$60,300

$97,450

$134,600

Median Terre Haute Market Value

$101,400

Median Vigo County Market Value

$100,700

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Terre Haute, Vigo County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47802	$50,200	$79,000	$122,700	$188,900	$280,500
47803	$53,800	$80,200	$115,400	$174,875	$254,610
47804	$35,800	$51,825	$73,000	$95,800	$121,300
47805	$51,100	$83,900	$122,300	$173,800	$239,050
47807	$27,900	$42,000	$60,300	$81,900	$106,240
47808	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Terre Haute, Vigo County, Indiana

In Terre Haute, located in Vigo County, IN, property tax bills are primarily determined by assessing the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. The median home price in Terre Haute is $101,400, and property tax bills can vary significantly across the city. For instance, the median tax bill in the zip code 47802 is $1,359, while in 47804, it is $889. These amounts are below the national median property tax bill of $2,400. Homeowners in Terre Haute can expect tax bills ranging from $751 at the 25th percentile to $2,831 at the 90th percentile, indicating a wide range of potential tax liabilities based on property value and location. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local insights, Ownwell can help reduce tax burdens, ensuring homeowners pay only their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Terre Haute, Vigo County, Indiana

Source: Ownwell

$544

$952

$1,359

Median Terre Haute Tax Bill

$1,170

Median Vigo County Tax Bill

$1,148

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Terre Haute, Vigo County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47802	$495	$835	$1,359	$2,157	$3,261
47803	$586	$865	$1,323	$2,010	$2,984
47804	$369	$629	$889	$1,256	$1,752
47805	$349	$684	$1,143	$1,809	$2,688
47807	$427	$617	$892	$1,386	$2,091
47808	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Vigo Tax Assessor
Website	beacon.schneidercorp.com