Coatesville, Indiana Property Taxes
The median property tax rate in Coatesville, Indiana is 0.66%, considerably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Coatesville at $166,200, the typical annual property tax bill reaches $1,171, significantly below the national median of $2,690. Property taxes in Coatesville 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 Coatesville'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 Coatesville 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
Coatesville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,097
Ownwell’s Coatesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coatesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coatesville 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 Coatesville, Indiana
Property taxes in Coatesville, Indiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Coatesville is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Coatesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coatesville 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 Coatesville's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46121 has both the highest and lowest median property tax rate in Coatesville at 0.66%. Understanding how these cities compare with Coatesville provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coatesville Tax Rate
0.66%
Average Putnam County Tax Rate
0.77%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coatesville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46121 | 0.37% | 0.51% | 0.66% | 0.87% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Coatesville, Indiana
In Coatesville, 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 local assessment authority 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 Coatesville, 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 Coatesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46121 has both the highest and lowest median tax bills at $1,171.
Average Coatesville Assessed Value
$166,200
Average Putnam County Assessed Value
$120,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coatesville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46121 | $94,780 | $126,750 | $166,200 | $266,150 | $357,840 |
Source: Ownwell
Property Tax Bills Across Coatesville, Indiana
In Coatesville, Putnam County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value reflects the market value of the property, taking into account factors such as location, size, and condition. Homeowners in Coatesville experience a range of property tax bills, with the 25th percentile at $688 and the 75th percentile at $2,312. For those at the higher end, the 90th percentile tax bill reaches $4,321. The median home price in Coatesville stands at $166,200, and the property tax rate is applied to this assessed value to determine the annual tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Coatesville face varying tax burdens that can significantly impact their financial planning. With the highest and lowest median tax bills both recorded at $1,171 in the 46121 zip code, understanding these calculations helps homeowners anticipate and manage their annual property tax expenses effectively.
Average Coatesville Tax Bill
$1,171
Average Putnam County Tax Bill
$978
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Coatesville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46121 | $385 | $688 | $1,171 | $2,312 | $4,321 |
Source: Ownwell