Kendallville, Indiana Property Taxes
The median property tax rate in Kendallville, IN is 0.54%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Kendallville, the typical annual property tax bill reaches $1,370, well below the national median of $2,690. Property taxes in Kendallville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kendallville'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 Kendallville 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
Kendallville, 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 Kendallville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kendallville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kendallville 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 Kendallville, Indiana
Property taxes in Kendallville, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kendallville is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within Kendallville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kendallville 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 Kendallville's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46755 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 cities compare with Kendallville provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kendallville Tax Rate
0.54%
Average Dekalb County Tax Rate
0.70%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kendallville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46755 | 0.40% | 0.48% | 0.54% | 0.79% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Kendallville, Indiana
In Kendallville, 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 DeKalb 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 Kendallville, 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 Kendallville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 46755, with a median tax bill of $1,370.
Average Kendallville Assessed Value
$266,200
Average Dekalb County Assessed Value
$174,700
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kendallville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46755 | $106,740 | $195,500 | $266,200 | $368,000 | $482,980 |
Source: Ownwell
Property Tax Bills Across Kendallville, Indiana
In Kendallville, located in DeKalb County, Indiana, property tax bills are determined based on the assessed value of a home. The local tax rate is applied to this assessed value to calculate the annual tax bill. Factors influencing the assessed value include the property's market value, location, and any improvements or changes made to the property over time. For homeowners in Kendallville, the median home price stands at $266,200. Property tax bills in the area vary, with the 25th percentile tax bill at $918 and the 75th percentile reaching $2,113. At the 90th percentile, homeowners might see tax bills as high as $3,257. These figures highlight the range of property tax burdens that residents might face. Comparatively, the highest and lowest median tax bills in the area are both $1,370, showcasing some consistency within certain zip codes. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly, ensuring they are prepared for their annual tax responsibilities.
Average Kendallville Tax Bill
$1,370
Average Dekalb County Tax Bill
$1,248
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Kendallville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46755 | $593 | $918 | $1,370 | $2,113 | $3,257 |
Source: Ownwell