Boggstown, Indiana Property Taxes
The median property tax rate in Boggstown, IN is 1.02%, slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Boggstown at $255,900, the typical annual property tax bill reaches $2,814, surpassing the national median of $2,690. Property taxes in Boggstown are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Boggstown'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 Boggstown or another part of Johnson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boggstown, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,610
Ownwell’s Boggstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boggstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boggstown 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 Boggstown, Indiana
Property taxes in Boggstown, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boggstown is 0.87%, lower than the Indiana state median of 0.85% but still below the U.S. national median of 0.99%. Local government entities within Boggstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boggstown 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 Boggstown's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46110 zip code has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Boggstown 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 Boggstown Tax Rate
1.02%
Average Johnson County Tax Rate
0.94%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boggstown, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46110 | 0.99% | 1.00% | 1.02% | 1.06% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Boggstown, Indiana
In Boggstown, 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 Johnson 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 Boggstown, 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 Boggstown 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 bills in Boggstown is 46110, with a median tax bill of $2,814.
Average Boggstown Assessed Value
$255,900
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 Boggstown, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46110 | $243,180 | $247,950 | $255,900 | $301,200 | $328,380 |
Source: Ownwell
Property Tax Bills Across Boggstown, Indiana
In Boggstown, Johnson County, IN, property tax bills are determined based on the assessed value of a home. This assessed value is calculated by local assessors who consider factors such as market value, property size, and improvements. Homeowners in this city face a median property tax bill of $2,814, which is relatively high compared to the national median property tax rate of 0.99%. The tax bill can vary significantly, with the 25th percentile at $2,591 and the 75th percentile reaching $3,179. For those in the 90th percentile, tax bills can go as high as $3,398. These variations indicate that homeowners with higher-valued properties or significant improvements may face substantially higher tax bills. Understanding these factors is crucial for homeowners as it directly affects their annual financial obligations. By being aware of how property taxes are calculated, homeowners can better anticipate their tax bills and plan accordingly.
Average Boggstown Tax Bill
$2,814
Average Johnson County Tax Bill
$2,401
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Boggstown, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46110 | $2,457 | $2,591 | $2,814 | $3,179 | $3,398 |
Source: Ownwell