La Crosse, Indiana Property Taxes
The median property tax rate in LA CROSSE, IN is 1.00%, slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in LA CROSSE, the typical annual property tax bill reaches $1,112, which is below the national median of $2,690. Property taxes in LA CROSSE 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 LA CROSSE'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 LA CROSSE 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
La Crosse, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,066
Ownwell’s LA CROSSE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA CROSSE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA CROSSE 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 La Crosse, Indiana
Property taxes in La Crosse, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Crosse is 1.00%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within La Crosse set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Crosse 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 La Crosse's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46348 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with La Crosse 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 La Crosse Tax Rate
1.00%
Average Laporte County Tax Rate
1.00%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Crosse, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46348 | 0.73% | 0.89% | 1.00% | 1.73% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across La Crosse, Indiana
In La Crosse, 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 La Crosse, 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. For instance, the median home price in La Crosse is $106,550, with tax bills ranging from $777 at the 25th percentile to $1,910 at the 90th percentile. 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 La Crosse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Crosse Assessed Value
$106,550
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 La Crosse, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46348 | $38,400 | $71,925 | $106,550 | $138,975 | $180,980 |
Source: Ownwell
Property Tax Bills Across La Crosse, Indiana
Property tax bills in La Crosse, located in LaPorte County, IN, are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $106,550, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $777, while at the 75th percentile, they can reach up to $1,443. For those at the 90th percentile, tax bills can go as high as $1,910. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in La Crosse can have a substantial impact on homeowners' finances. Understanding how these elements interact helps homeowners anticipate their annual expenses and plan their budgets more effectively.
Average La Crosse Tax Bill
$1,112
Average Laporte County Tax Bill
$1,442
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across La Crosse, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46348 | $428 | $777 | $1,112 | $1,443 | $1,910 |
Source: Ownwell