Saint Paul, Indiana Property Taxes
The median property tax rate in Saint Paul, IN is 0.58%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Saint Paul at $117,750, the typical annual property tax bill is $768, which is well below the national median of $2,690. Property taxes in Saint Paul 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 Saint Paul'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 Saint Paul or another part of Decatur County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Paul, 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 Saint Paul Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul 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 Saint Paul, Indiana
Property taxes in Saint Paul, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Paul is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Paul set these rates annually, and they can vary across different neighborhoods. Each year, Saint Paul 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 Saint Paul's effective property tax rate to other areas within Decatur County and the national median. For comparison, the zip code 47272 has the highest median property tax rate of 0.58%, while the lowest median tax rate is also 0.58% in the same zip code. Understanding how these areas compare with Saint Paul provides valuable insights into the varying tax landscape across Decatur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Paul Tax Rate
0.58%
Average Decatur County Tax Rate
0.79%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paul, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47272 | 0.32% | 0.45% | 0.58% | 1.08% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul, Indiana
In Saint Paul, 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 Decatur 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 Saint Paul, 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 Saint Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Saint Paul are both $768, found in the 47272 zip code.
Average Saint Paul Assessed Value
$117,750
Average Decatur County Assessed Value
$162,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Paul, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47272 | $42,720 | $78,425 | $117,750 | $199,125 | $300,190 |
Source: Ownwell
Property Tax Bills Across Saint Paul, Indiana
In Saint Paul, Decatur County, IN, property tax bills are determined by assessing the value of a property and applying the local tax rate to that assessed value. The median home price in this area is $117,750, which serves as a basis for calculating property taxes. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. For homeowners in Saint Paul, the 25th percentile tax bill is approximately $388, while those in the 75th percentile can expect to pay around $1359. At the 90th percentile, tax bills can reach up to $2257. The highest and lowest median tax bills in the area are both $768, indicating some consistency in tax rates within the same zip code. Understanding how these factors contribute to the overall tax bill can help homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Saint Paul Tax Bill
$768
Average Decatur County Tax Bill
$1,342
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paul, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47272 | $208 | $388 | $768 | $1,359 | $2,257 |
Source: Ownwell