Pekin, Washington County, Indiana Property Taxes
Median Pekin, IN effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Pekin, IN home value: $118,150
Median annual Pekin, IN tax bill: $1,111, $1,289 lower than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Pekin, 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 Pekin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pekin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pekin, Washington County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$1,111
$1,031
Property Tax Rates Across Pekin, Washington County, Indiana
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 Pekin Tax Rate
0.94%
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 Washington County Tax Rate
0.95%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pekin, Washington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47165 | 0.48% | 0.69% | 0.94% | 1.52% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Pekin, Washington County, Indiana
When examining property taxes in Pekin, 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 Washington 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 Washington 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 Pekin. For example, the median home price in Pekin is $118,150, with tax bills ranging significantly across the county. Zip code 47165 has the highest median home price at $118,150.
Property Tax Assessment Values Across Pekin, Washington County, Indiana
Source: Ownwell
$67,100
$115,200
$163,300
Median Pekin Market Value
$118,150
Median Washington County Market Value
$111,000
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pekin, Washington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47165 | $39,550 | $79,875 | $118,150 | $176,375 | $249,400 |
Source: Ownwell
Property Tax Bills Across Pekin, Washington County, Indiana
Property tax bills in Pekin, located in Washington County, IN, are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value. In Pekin, homeowners may face a median property tax bill of approximately $1,111, which is notably lower than the national median of $2,400. Factors influencing this tax bill include property size, location, and improvements, which can vary significantly across the area. For instance, tax bills can range from the 25th percentile at $594 to the 90th percentile at $2,907, reflecting the diversity in property values within the city.
Higher property taxes can place a financial burden on homeowners, but Ownwell offers a solution to alleviate this stress. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax liabilities. Through expert analysis and representation, Ownwell ensures that homeowners pay a fair amount, helping them save money and better manage their finances.
Median Pekin Tax Bill
$1,111
Median Washington County Tax Bill
$1,080
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Pekin, Washington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47165 | $307 | $594 | $1,111 | $1,920 | $2,907 |
Source: Ownwell