Orleans, Indiana Property Taxes
The median property tax rate in Orleans, IN is 0.78%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $110,400 in Orleans, the typical annual property tax bill amounts to $878, significantly below the national median of $2,690. Property taxes in Orleans are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Orleans' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Orleans or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orleans, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$861
Ownwell’s Orleans Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orleans with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orleans 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 Orleans, Indiana
Property taxes in Orleans, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orleans is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Orleans set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orleans 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 Orleans' effective property tax rate to other counties in Indiana and the national median. For comparison, the 47452 zip code has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Orleans provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orleans Tax Rate
0.78%
Average Orange County Tax Rate
0.80%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orleans, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47452 | 0.39% | 0.57% | 0.78% | 1.32% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Orleans, Indiana
In Orleans, 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 Orange 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 Orleans, 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 Orleans is $110,400, with tax bills ranging from $460 at the 25th percentile to $2,539 at the 90th percentile. Notably, the highest and lowest median tax bills are both $878 in the 47452 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 Orleans Assessed Value
$110,400
Average Orange County Assessed Value
$102,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orleans, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47452 | $21,300 | $69,700 | $110,400 | $165,000 | $250,600 |
Source: Ownwell
Property Tax Bills Across Orleans, Indiana
In Orleans, located in Orange County, Indiana, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Orleans face property tax bills that can vary significantly, influenced by factors such as property size, location, and improvements. The median home price in Orleans stands at $110,400. Property tax bills can range widely, with the 25th percentile at $460 and the 75th percentile at $1566. For those at the higher end, the 90th percentile sees tax bills reaching up to $2539. The highest and lowest median tax bills in the area are both $878, found in zip code 47452. Compared to the national median property tax rate of 0.99%, Orleans homeowners experience a varied impact on their finances. Understanding these factors helps residents anticipate their annual tax obligations, ensuring better financial planning and stability.
Average Orleans Tax Bill
$878
Average Orange County Tax Bill
$783
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Orleans, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47452 | $231 | $460 | $878 | $1,566 | $2,539 |
Source: Ownwell