Harrison County ranks second in places to live by property tax value
Joey Bowling, Intern, [email protected]
A recent study from SmartAsset, a financial technology company, listed Harrison County as the second top place to live in Indiana according to value derived from property taxes.
Harrison County has a 0.6% property tax rate. The schools rank at a 9 out of 10, and home values have increased by about 17.5% within the last five years, according to the study. All of these factors together garnered the second top spot.
Darrell Voelker, executive director of the Harrison County Economic Development Corp., said he wasn’t surprised by the study’s findings.
Harrison County has a great landscape, with plenty of land to put all types of housing on, he said.
Voelker pointed to the Cedar Point subdivision in Franklin Township, which has houses in a variety of price ranges.
“They’re all nice; they’re not close together,” he said. “That’s a good snapshot of what Harrison County is in terms of housing.”
Harrison County provides a lot of great features which aren’t necessarily taken into account within the study, Voelker said. There are houses built here for $300,000 which would cost millions of dollars elsewhere. The location, along with the highway and interstate access, allows people who commute to Louisville to easily live within the county.
Voelker said the school systems aren’t half-bad either, which helps draw more people in. Tax rates are low as well, which doesn’t harm the schools that derive funding from these rates. Voelker attributes that to the Caesars Southern Indiana Hotel and Casino in Bridgeport.
“I don’t think tax rates are the most important; it’s the services,” Voelker said.
Saying taxes from the casino pays for a lot of government bodies is a bit of an understatement. It also helps fund law enforcement, fire departments, health care and emergency management, just to name a few, which helps keep taxes low.
Voelker said counties with quite low tax rates are helped out by casinos and power plants’ presence, assuming the county taxes them at a hefty rate.
To see the study’s methodology and how other counties compare, visit https://smartasset.com/taxes/indiana-property-tax-calculator#indiana.