Kingsford Heights, Indiana Property Taxes
The median property tax rate in Kingsford Heights, IN is 0.97%, slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Kingsford Heights at $74,300, the typical annual property tax bill reaches $722, significantly below the national median of $2,690. Property taxes in Kingsford Heights 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 Kingsford Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kingsford Heights or another part of LaPorte County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kingsford Heights, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$721
Ownwell’s Kingsford Heights Property Tax Bill Calculator aids homeowners, real estate investors, or potential buyers in estimating their annual property taxes in Kingsford Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsford Heights to estimate your property tax bill. This valuable tool provides a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by LaPorte County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Kingsford Heights, Indiana
Property taxes in Kingsford Heights, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingsford Heights is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Kingsford Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsford Heights 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 Kingsford Heights' effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46346 has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these areas compare with Kingsford Heights provides valuable insights into the varying tax landscape across LaPorte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingsford Heights Tax Rate
0.97%
Average Laporte County Tax Rate
1.00%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsford Heights, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46346 | 0.46% | 0.80% | 0.97% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Kingsford Heights, Indiana
In Kingsford Heights, 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 LaPorte 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 Kingsford Heights, 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 Kingsford Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46346 has the highest and lowest median tax bills at $722, reflecting the uniformity in property tax assessments in the area.
Property Tax Assessment Values Across Kingsford Heights, Indiana
Source: Ownwell
$74,300
$262,600
$450,900
Average Kingsford Heights Assessed Value
$74,300
Average Laporte County Assessed Value
$136,400
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingsford Heights, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46346 | $38,400 | $56,550 | $74,300 | $88,150 | $106,000 |
Source: Ownwell
Property Tax Bills Across Kingsford Heights, Indiana
In Kingsford Heights, located in LaPorte County, IN, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $74,300. Homeowners in Kingsford Heights typically see tax bills ranging from $500 at the 25th percentile to $1,454 at the 90th percentile, with a significant portion falling around the median tax bill of $722. This is in contrast to the national median property tax rate of 0.99%. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Various factors influence the assessed value, including the home's market value, location, and any improvements made to the property. These taxes fund essential local services such as schools, public safety, and infrastructure maintenance. For homeowners, understanding these factors is crucial as they directly impact the annual property tax bill, making it important to stay informed about any changes in local tax rates or property assessments.
Average Kingsford Heights Tax Bill
$722
Average Laporte County Tax Bill
$1,442
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsford Heights, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46346 | $320 | $500 | $722 | $1,024 | $1,454 |
Source: Ownwell