Property tax in Clay County, Indiana
The median property tax bill in Clay County, Indiana is $627 a year, which is about 0.41% of the county's median home value of $153,000. That effective rate is lower than the typical Indiana county (0.66%) and lower than the national median (0.81%). These are American Community Survey 5-year estimates (2024); your own bill depends on your home's assessed value and any exemptions.
Estimate the property tax on a home in Clay County
Enter a home's market value for a ballpark at Clay County's average effective rate of 0.41% (Census). The real bill depends on the home's assessed value, the millage where it sits and any exemptions.
Estimated property tax: $627 / year
Property tax in Clay County at a glance
| Measure | Value |
|---|---|
| Median annual property tax | $627 |
| Median home value | $153,000 |
| Effective tax rate | 0.41% |
| Typical Indiana county rate | 0.66% |
| National median county rate | 0.81% |
Effective rate = median real estate taxes paid divided by median home value. Source: U.S. Census Bureau, American Community Survey 5-year estimates.
How does Clay County compare in Indiana?
Among Indiana's 92 counties, Clay County has the 92nd highest effective property-tax rate. That places it among the least taxed counties in the state. Nationally, it ranks 2900th of 3135 US counties by effective rate. See every Indiana county ranked.
How much do homeowners in Clay County actually pay?
The median is only the middle bill. Across Clay County's 8,530 owner-occupied homes, 4.4% pay $3,000 or more a year in property tax, 10.2% pay at least $2,000, and 58.4% pay under $800. Another 6.4% report paying no property tax at all, which usually means an exemption covers the whole bill.
| Annual bill | Homes | Share |
|---|---|---|
| Under $800 | 4,983 | 58.4% |
| $800 to $1,499 | 1,756 | 20.6% |
| $1,500 to $1,999 | 381 | 4.5% |
| $2,000 to $2,999 | 495 | 5.8% |
| $3,000 or more | 372 | 4.4% |
| No property tax paid | 543 | 6.4% |
Owners with a mortgage pay a median of $704 and owners without one pay $511. Owners who have paid off a home have usually held it longer, and in states that cap how fast an existing owner's assessment can rise, long-held homes carry lower assessed values. Census table B25103.
How does the Clay County property tax bill compare with local incomes?
The median property tax bill of $627 is about 0.8% of the median income of Clay County homeowner households, $79,303 a year. That compares two middles, so a retiree in a long-held home can pay a far larger share. 80.9% of Clay County's occupied homes are lived in by their owners; renters pay property tax too, just folded into rent.
Have property taxes gone up in Clay County?
Yes. The median bill went from $472 in 2015-2019 to $627 in 2020-2024, a 32.8% rise. Over the same span the median home value moved 50.9%, from $101,400 to $153,000. Bills rose more slowly than values, which is what assessment caps and falling millage rates do: the county is taxing a smaller share of each home's worth.
Two Census ACS 5-year periods with no survey years in common, in each period's own dollars. A change counts only if it exceeds the combined 90% margin of error.
Property tax in counties next to Clay County
Clay County borders 6 counties.
| County | Effective rate | Median bill | Median home value |
|---|---|---|---|
| Vigo County, IN | 0.88% | $1,313 | $148,500 |
| Owen County, IN | 0.66% | $1,145 | $172,400 |
| Sullivan County, IN | 0.61% | $799 | $131,100 |
| Greene County, IN | 0.58% | $896 | $153,200 |
| Parke County, IN | 0.49% | $735 | $151,200 |
| Putnam County, IN | 0.48% | $1,042 | $218,900 |
| Clay County, IN (this county) | 0.41% | $627 | $153,000 |
How is a home assessed in Clay County?
Indiana assesses homes at 100% of market value in every county, Clay County included. How Indiana assesses and reappraises homes.
Is there a homestead exemption in Clay County?
Yes, but it is shrinking. Indiana's homestead standard deduction is $40,000 for assessment year 2026 and reaches $0 from 2030; a bill paid in 2026 reflects the $48,000 figure. That is the Indiana rule, and it applies in Clay County. Indiana's exemptions and relief programs in full.
When are property taxes due in Clay County?
Two installments, customarily due May 10 and November 10 of the year after the January 1 assessment, moving to the next business day when they fall on a weekend. One statement covering both is mailed in spring. Late payment costs 5% within 30 days, 10% after.
Indiana splits the bill into 2 installments. That is the Indiana rule. Clay County issues and collects the bill, so the dates printed on your statement are the ones that bind you.
How to appeal your Clay County property assessment
You contest the assessed value with the County or township assessor, then the Property Tax Assessment Board of Appeals, then the Indiana Board of Tax Review. The filing deadline is typically June 15 of the assessment year if your Form 11 notice was mailed before May 1, otherwise June 15 of the year the bill was mailed. That is the Indiana rule; Clay County sets the exact dates and forms. The Indiana appeal process step by step.
Indiana rules from primary state sources, reviewed September 7, 2026; sources on the Indiana page.
Work out your own numbers
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How much house can I afford?
Your income, debts and down payment against the 28/36 rule lenders actually use, with Clay County's tax rate to hand.
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Mortgage calculator
Monthly payment with principal, interest, tax and insurance, plus what an extra payment saves you.
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Indiana income tax
Brackets, standard deduction and what Indiana actually taxes.
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Sales tax in Clay County
The other local tax: combined state and local rate for this county.
Sources
- Median real estate taxes paid and median home value for Clay County, Indiana: U.S. Census Bureau, American Community Survey 5-year estimates (2020-2024), tables B25103, B25077, B25102, B25119 and B25003; the five-year comparison uses the 2015-2019 estimates. Neighboring counties: Census county adjacency file.