Notre Dame, Indiana Property Taxes
The median property tax rate in Notre Dame, IN is 1.28%, considerably higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Notre Dame, the typical annual property tax bill reaches $12,729, significantly exceeding the national median of $2,690. Property taxes in Notre Dame 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 Notre Dame'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 Notre Dame 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
Notre Dame, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$12,790
Ownwell’s Notre Dame Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Notre Dame with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Notre Dame 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 Notre Dame, Indiana
Property taxes in Notre Dame, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Notre Dame is 1.28%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Notre Dame set these rates annually, and they can vary significantly across different neighborhoods. Each year, Notre Dame 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 Notre Dame's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46556 zip code has the highest median property tax rate of 1.28%, while the 46556 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Notre Dame provides valuable insights into the varying tax landscape across St. Joseph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Notre Dame Tax Rate
1.28%
Average St. Joseph County Tax Rate
1.09%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Notre Dame, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46556 | 1.27% | 1.28% | 1.28% | 1.81% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Notre Dame, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Notre Dame, 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 St. Joseph 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 Notre Dame, 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 Notre Dame helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Notre Dame, the highest median tax bill is $12,729 in zip code 46556, which is also the lowest median tax bill, highlighting the uniformity in property tax assessments within the area.
Average Notre Dame Assessed Value
$999,200
Average St. Joseph County Assessed Value
$157,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Notre Dame, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46556 | $245,040 | $527,850 | $999,200 | $1,027,200 | $1,044,000 |
Source: Ownwell
Property Tax Bills Across Notre Dame, Indiana
In Notre Dame, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the St. Joseph County Assessor's Office and is a percentage of the property's market value. Factors such as property size, location, and improvements can influence the assessed value. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Notre Dame, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $7,027, while the 75th percentile tax bill reaches $13,097. At the higher end, the 90th percentile tax bill is approximately $13,318. The highest median tax bill in the area is $12,729, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, roads, and emergency services, directly impacting the community's quality of life. Homeowners should be aware of these factors to manage their finances effectively.
Average Notre Dame Tax Bill
$12,729
Average St. Joseph County Tax Bill
$1,785
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Notre Dame, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46556 | $3,606 | $7,027 | $12,729 | $13,097 | $13,318 |
Source: Ownwell