Gibson County, Indiana property tax
The median homeowner in Gibson County, Indiana pays $1,244 a year in property tax on a home worth $170,500, an effective rate of 0.73%. The national effective rate is 0.98%.
What the rate means here
At 0.73%, Gibson County taxes property more lightly than the national 0.98%. The bill works out at $1,244 a year. Low-rate counties usually have another revenue source doing the work, whether that is a state funding formula, sales tax or severance revenue from extraction.
It ranks #29 of 92 Indiana counties by effective rate, against a statewide 0.74%, and #1,654 nationally. The state runs from 0.93% in Marion County down to 0.41% in Switzerland County.
The median home costs 2.52 times the median household income of $67,763, against 3.86 nationally, which is a comfortable ratio by American standards. 75.77% of occupied homes are owned rather than rented, and cheap housing relative to income is usually why. With 32,986 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Gibson County | Indiana | United States | |
|---|---|---|---|
| Effective property tax | 0.73% | 0.74% | 0.98% |
| Median tax bill | $1,244 | $1,496 | $2,969 |
| Median home value | $170,500 | $201,600 | $303,400 |
| Median gross rent | $914 | $1,020 | $1,348 |
| Median household income | $67,763 | $70,051 | $78,538 |
| Home price to income | 2.52× | 2.88× | 3.86× |
| Rent as share of income | 16.19% | 17.47% | 20.6% |
| Owner-occupied | 75.77% | 70.35% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 32,986.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Clinton County | 0.62% | $979 | $157,300 |
| Jefferson County | 0.66% | $1,191 | $180,600 |
| Jasper County | 0.49% | $998 | $204,400 |
| Daviess County | 0.68% | $1,276 | $187,500 |
| Whitley County | 0.70% | $1,432 | $205,200 |
Gibson County property tax: common questions
What is the property tax rate in Gibson County, Indiana?
The effective rate is 0.73% of home value, from a median tax bill of $1,244 against a median home value of $170,500. That is 0.25 points below the national 0.98%.
How much is property tax on a $400,000 home in Gibson County?
Roughly $2,920 a year at the county effective rate of 0.73%.
Is Gibson County expensive compared with the rest of Indiana?
It ranks #29 of 92 Indiana counties by effective property tax rate, and #1654 of 2,826 nationally. That is 0.01 points below the Indiana average of 0.74%.
What does housing cost in Gibson County?
The median home is worth $170,500 and median gross rent is $914 a month. Median household income is $67,763, which puts the home at 2.52 times annual income and rent at 16.19% of it.