Heltonville, Indiana Property Taxes
The median property tax rate in Heltonville, Indiana is 0.73%, 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 Heltonville being $121,800, the typical annual property tax bill amounts to $852, significantly below the national median of $2,690. Property taxes in Heltonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Heltonville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Heltonville or another part of Lawrence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Heltonville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$889
Ownwell’s Heltonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heltonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heltonville 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 Heltonville, Indiana
Property taxes in Heltonville, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heltonville is 0.73%, lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Heltonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heltonville 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 Heltonville's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47436 zip code has the highest median property tax rate of 0.73%, while the 47436 zip code also has the lowest median tax rate of 0.73%. Understanding how these areas compare with Heltonville provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Heltonville Tax Rate
0.73%
Average Lawrence County Tax Rate
0.81%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heltonville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47436 | 0.35% | 0.52% | 0.73% | 1.09% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Heltonville, Indiana
In Heltonville, 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 Lawrence 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 Heltonville, 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. The median home price in Heltonville is $121,800, with tax bills ranging from $366 at the 25th percentile to $2,306 at the 90th percentile. Both the highest and lowest median tax bills in Lawrence County are $852, found in the 47436 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Heltonville Assessed Value
$121,800
Average Lawrence County Assessed Value
$124,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Heltonville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47436 | $28,990 | $74,050 | $121,800 | $181,375 | $247,400 |
Source: Ownwell
Property Tax Bills Across Heltonville, Indiana
In Heltonville, property tax bills are calculated based on the assessed value of a home, which is determined by the Lawrence County assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Heltonville, the median home price is $121,800. The property tax rate in this region is relatively low compared to the national median property tax rate of 0.99%. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. For instance, the 25th percentile of tax bills in Heltonville is $366, while the 75th percentile is $1,469, and the 90th percentile reaches up to $2,306. These variations can significantly impact homeowners, especially those on fixed incomes or with limited financial flexibility. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Heltonville Tax Bill
$852
Average Lawrence County Tax Bill
$1,042
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Heltonville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47436 | $165 | $366 | $852 | $1,469 | $2,306 |
Source: Ownwell