While it can be difficult to understand your tax responsibilities with property tax rates that vary depending on where you live and market fluctuation, it’s important they are done correctly each year.
Whether you are a new homeowner and this is your first time paying property taxes or you just need a refresher, here’s everything you need to know:
You can think of your property taxes as an investment in your community and local government.
What is the property tax rate in Clark County?
The Clark County property tax rate is an average of .82% of a property’s assessed fair market value which is just below the Indiana state average of .85%. Based on that rate, Clark County homeowners can expect to pay an average of $1,036 annually in property taxes.
How Clark County property taxes are determined
Clark County calculates the statistical median value of all taxable properties in the district to determine the average property tax rate.
Your property taxes are based on the fair market value of your home assigned by your county tax assessor after your annual appraisal. Any improvements or additions to your property may increase its appraised value.
What do Clark County property taxes pay for?
Clark County uses property taxes to locally fund municipal government projects and a variety of services including:
Budget meetings are open to the public and one of the best methods to influence budget decisions. If you are unhappy with the way your property taxes are being allocated, attend the next Clark County budget meeting.
How to pay property taxes in Clark County
Get ready to mark your calendar. Clark County property taxes are due each year on May 10 and November 10. You’ll receive a paper copy of your property tax bill by mail sometime in April.
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