Bargersville, Indiana Property Taxes
The median property tax rate in Bargersville, IN is 0.95%, slightly lower than the national median of 0.99% and matching the Indiana state median of 0.99%. With the median home value in Bargersville at $327,450, the typical annual property tax bill reaches $3,261, which is higher than the national median of $2,690. Property taxes in Bargersville 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 Bargersville'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 Bargersville 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
Bargersville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$3,111
Ownwell’s Bargersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bargersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bargersville 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 Bargersville, Indiana
Property taxes in Bargersville, Indiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bargersville is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Bargersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bargersville 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 Bargersville's effective property tax rate to other areas in Johnson County and the national median. For comparison, the zip code 46106 has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these areas compare with Bargersville provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bargersville Tax Rate
0.95%
Average Johnson County Tax Rate
0.94%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bargersville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46106 | 0.70% | 0.90% | 0.95% | 1.08% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Bargersville, Indiana
In Bargersville, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Johnson County Assessor's Office 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 Bargersville, 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 Bargersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 46106, with a median tax bill of $3,261.
Average Bargersville Assessed Value
$327,450
Average Johnson County Assessed Value
$236,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bargersville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46106 | $157,490 | $199,850 | $327,450 | $452,325 | $639,730 |
Source: Ownwell
Property Tax Bills Across Bargersville, Indiana
Property tax bills in Bargersville, located in Johnson County, IN, are calculated based on the assessed value of a property. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners can expect their tax bills to be influenced by several factors, including property size, location, and market conditions. The median home price in Bargersville stands at $327,450, which significantly impacts the final tax bill. For instance, the 25th percentile tax bill in Bargersville is approximately $1,871, while the 75th percentile tax bill reaches up to $4,452. At the higher end, the 90th percentile tax bill can be as much as $6,887. These figures highlight the variation in tax bills based on property value and other contributing factors. Compared to the national median property tax rate of 0.99%, Bargersville's property tax bills can be relatively moderate or steep, depending on the property's assessed value. This variability underscores the importance of understanding local property tax calculations for homeowners.
Average Bargersville Tax Bill
$3,261
Average Johnson County Tax Bill
$2,401
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Bargersville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46106 | $1,200 | $1,871 | $3,261 | $4,452 | $6,887 |
Source: Ownwell