Stendal, Indiana Property Taxes
The median property tax rate in Stendal, IN is 1.20%, considerably higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Stendal, the typical annual property tax bill reaches $1,117, exceeding the national median of $2,690. Property taxes in Stendal 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 Stendal'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 Stendal 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
Stendal, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Stendal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stendal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stendal 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 Stendal, Indiana
Property taxes in Stendal, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stendal is 1.20%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Stendal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stendal 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 Stendal's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47585 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these areas compare with Stendal provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stendal Tax Rate
1.20%
Average Pike County Tax Rate
1.08%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stendal, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47585 | 0.66% | 0.95% | 1.20% | 1.95% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Stendal, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stendal, Indiana. 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 Pike 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 Stendal, 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 Stendal is $97,300. 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 Stendal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 47585, with a value of $1,117, while the lowest median tax bill is also in 47585, with the same value of $1,117.
Average Stendal Assessed Value
$97,300
Average Pike County Assessed Value
$98,750
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stendal, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47585 | $18,100 | $52,200 | $97,300 | $157,000 | $202,600 |
Source: Ownwell
Property Tax Bills Across Stendal, Indiana
In Stendal, IN, located in Pike County, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For example, the median home price in Stendal is $97,300. Homeowners in Stendal can expect property tax bills to vary widely. The 25th percentile tax bill is $543, while the 75th percentile tax bill is $1,932, and the 90th percentile tax bill reaches up to $2,893. These figures highlight the range of tax burdens homeowners might face, depending on their property's assessed value and specific circumstances. Comparing this to the national median property tax rate of 0.99%, homeowners in Stendal may find their tax bills to be relatively moderate, though individual experiences can differ significantly based on the factors mentioned.
Average Stendal Tax Bill
$1,117
Average Pike County Tax Bill
$1,051
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Stendal, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47585 | $266 | $543 | $1,117 | $1,932 | $2,893 |
Source: Ownwell