Saint Paul, Indiana Property Taxes
The median property tax rate in Saint Paul, Indiana is 0.79%, which is notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Saint Paul at $115,650, the typical annual property tax bill amounts to $879, significantly below the national median of $2,690. Property taxes in Saint Paul are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Paul’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 Saint Paul 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
Saint Paul, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$914
Ownwell’s Saint Paul Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, more localized information is available below. 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 Saint Paul, Indiana
Property taxes in Saint Paul, Indiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Paul is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Paul set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Paul 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 Saint Paul's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47272 in Shelby County has a median property tax rate of 0.79%. Understanding how these areas compare with Saint Paul provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Paul Tax Rate
0.79%
Average Shelby County Tax Rate
0.85%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paul, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47272 | 0.42% | 0.60% | 0.79% | 1.36% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saint Paul, 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 Shelby 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 Saint Paul, 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 Saint Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 47272, with a value of $879, which is also the lowest median tax bill in the area.
Average Saint Paul Assessed Value
$115,650
Average Shelby County Assessed Value
$152,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Paul, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47272 | $30,910 | $65,850 | $115,650 | $160,325 | $230,050 |
Source: Ownwell
Property Tax Bills Across Saint Paul, Indiana
In Saint Paul, Shelby County, Indiana, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local assessor and reflects the market value of the property. The property tax rate in this region is then applied to the assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Saint Paul is $115,650. Depending on various factors, homeowners in this area can expect their annual property tax bill to range significantly. The 25th percentile tax bill is approximately $385, while the 75th percentile tax bill reaches up to $1,461. For those at the 90th percentile, the tax bill can be as high as $2,205. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Saint Paul.
Average Saint Paul Tax Bill
$879
Average Shelby County Tax Bill
$1,312
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paul, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47272 | $215 | $385 | $879 | $1,461 | $2,205 |
Source: Ownwell