Long Beach, Indiana Property Taxes
The median property tax rate in Long Beach, Indiana 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 Long Beach, the typical annual property tax bill reaches $6,544, significantly exceeding the national median of $2,690. Property taxes in Long Beach are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Long Beach'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 Long Beach 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
Long Beach, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$4,509
Ownwell’s Long Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long Beach 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 Long Beach, Indiana
Property taxes in Long Beach, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Beach is 1.00%, higher than the U.S. national median of 0.99%. Local government entities within Long Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Beach 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 Long Beach's effective property tax rate to other areas in Indiana and the national median. For comparison, the 46360 zip code has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these areas compare with Long Beach 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 Long Beach 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 Long Beach, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46360 | 1.00% | 1.00% | 1.00% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Long Beach, Indiana
In Long Beach, 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 Appraisal District 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 Long Beach, 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 Long Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Long Beach is $6,544, while the lowest is also $6,544, both found in the 46360 zip code.
Average Long Beach Assessed Value
$450,900
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 Long Beach, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46360 | $313,800 | $363,200 | $450,900 | $601,500 | $1,025,380 |
Source: Ownwell
Property Tax Bills Across Long Beach, Indiana
In Long Beach, located in LaPorte County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. Homeowners can expect their property tax bill to be a percentage of this assessed value, taking into account various factors such as property size, location, and market conditions. The median home price in Long Beach is $450,900, and property tax rates can vary significantly within the area. For instance, the 25th percentile tax bill is $4,395, while the 75th percentile tax bill is $9,388, and the 90th percentile tax bill reaches $14,987. The highest median tax bill recorded in the area is $6,544, which is notably higher than the national median property tax rate of 0.99%. These figures illustrate the range of property tax burdens homeowners in Long Beach may face, impacting their overall housing costs and financial planning. Understanding these variables can help homeowners better anticipate their annual property tax obligations.
Average Long Beach Tax Bill
$6,544
Average Laporte County Tax Bill
$1,442
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Long Beach, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46360 | $3,485 | $4,395 | $6,544 | $9,388 | $14,987 |
Source: Ownwell