English, Indiana Property Taxes
The median property tax rate in English, IN is 1.14%, higher than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in English, the typical annual property tax bill reaches $878, which is significantly lower than the national median of $2,690. Property taxes in English are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding English's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of English or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
English, 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 English Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in English with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in English 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 English, Indiana
Property taxes in English, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in English is 1.14%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within English set these rates annually, and they can vary significantly across different neighborhoods. Each year, English 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 English's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47118 zip code has both the highest and lowest median property tax rate of 1.14%. Understanding how these cities compare with English provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average English Tax Rate
1.14%
Average Crawford County Tax Rate
1.24%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across English, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47118 | 0.61% | 0.88% | 1.14% | 1.97% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across English, Indiana
In English, 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 Crawford County Appraisal District 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 English, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in English helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in English is $74,100. The highest and lowest median tax bills are both $878, found in the zip code 47118.
Average English Assessed Value
$74,100
Average Crawford County Assessed Value
$66,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across English, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47118 | $18,600 | $38,150 | $74,100 | $121,350 | $175,200 |
Source: Ownwell
Property Tax Bills Across English, Indiana
Property tax bills in English, Crawford County, Indiana, are calculated based on the assessed value of the property. The assessment process considers factors such as the property's size, location, and condition. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the tax bill. For instance, the median home price in English is $74,100, and the tax bills can range significantly. Homeowners in the 25th percentile pay around $460, while those in the 75th percentile pay about $1,540. The tax bill for the 90th percentile reaches approximately $2,266. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, English's rates provide a useful benchmark for homeowners to understand their financial obligations. High property taxes can impact affordability, influencing decisions on home ownership and investment in the area.
Average English Tax Bill
$878
Average Crawford County Tax Bill
$769
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across English, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47118 | $227 | $460 | $878 | $1,540 | $2,266 |
Source: Ownwell