Nineveh, Indiana Property Taxes
The median property tax rate in Nineveh, IN is 0.86%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Nineveh, the typical annual property tax bill reaches $1,673, falling below the national median of $2,690. Property taxes in Nineveh 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 Nineveh'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 Nineveh 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
Nineveh, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,548
Ownwell’s Nineveh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nineveh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nineveh 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 Johnson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Nineveh, Indiana
Property taxes in Nineveh, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nineveh is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Nineveh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nineveh 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 Nineveh's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46164 zip code has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Nineveh 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 Nineveh Tax Rate
0.86%
Average Johnson County Tax Rate
0.94%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nineveh, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46164 | 0.51% | 0.65% | 0.86% | 1.33% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Nineveh, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Nineveh, Indiana. 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 Nineveh, 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. For example, Nineveh's median home price is $179,950, with tax bills ranging from $970 at the 25th percentile to $3,315 at the 90th percentile. The zip code 46164 has both the highest and lowest median tax bill, amounting to $1,673. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nineveh Assessed Value
$179,950
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 Nineveh, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46164 | $95,130 | $137,800 | $179,950 | $230,400 | $281,770 |
Source: Ownwell
Property Tax Bills Across Nineveh, Indiana
In Nineveh, Johnson County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Nineveh is $179,950, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. Homeowners in Nineveh experience a range of tax bills. For instance, the 25th percentile tax bill is $970, while the 75th percentile tax bill is $2,438, and the 90th percentile tax bill can reach up to $3,315. The median property tax bill in the 46164 zip code stands at $1,673. This variability means that while some homeowners may pay below the national median property tax rate of 0.99%, others may find their tax obligations significantly higher. Understanding these factors can help homeowners anticipate their property tax expenses and plan their finances accordingly.
Average Nineveh Tax Bill
$1,673
Average Johnson County Tax Bill
$2,401
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Nineveh, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46164 | $555 | $970 | $1,673 | $2,438 | $3,315 |
Source: Ownwell