Bringhurst, Indiana Property Taxes
The median property tax rate in Bringhurst, Indiana is 0.54%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $164,300 in Bringhurst, the typical annual property tax bill is $878, well below the national median of $2,690. Property taxes in Bringhurst are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bringhurst's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bringhurst or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bringhurst, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Bringhurst Property Tax Bill Calculator empowers any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bringhurst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bringhurst to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bringhurst, Indiana
Property taxes in Bringhurst, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bringhurst is 0.54%, which is lower than both the Indiana state median of 0.85% and the U.S. national median of 0.99%. Local government entities within Bringhurst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bringhurst estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bringhurst's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46913 zip code has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these areas compare with Bringhurst provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bringhurst Tax Rate
0.54%
Average Carroll County Tax Rate
0.65%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bringhurst, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46913 | 0.33% | 0.44% | 0.54% | 0.85% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Bringhurst, Indiana
In Bringhurst, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Carroll County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bringhurst, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Bringhurst's median home price stands at $164,300, with tax bills varying significantly. The 25th percentile tax bill is $440, while the 75th percentile reaches $1,362 and the 90th percentile hits $2,153. The zip code 46913 has both the highest and lowest median tax bill at $878. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bringhurst Assessed Value
$164,300
Average Carroll County Assessed Value
$127,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bringhurst, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46913 | $35,640 | $99,800 | $164,300 | $232,300 | $298,000 |
Source: Ownwell
Property Tax Bills Across Bringhurst, Indiana
In Bringhurst, located in Carroll County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Bringhurst, the median home price is $164,300. The property tax rate in the area is relatively low compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Bringhurst can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $440, while the 75th percentile tax bill reaches $1,362. At the higher end, the 90th percentile tax bill is $2,153. This variation can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Bringhurst Tax Bill
$878
Average Carroll County Tax Bill
$831
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Bringhurst, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46913 | $169 | $440 | $878 | $1,362 | $2,153 |
Source: Ownwell