Ashley, Indiana Property Taxes
The median property tax rate in Ashley, IN is 0.52%, considerably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Ashley at $81,700, the typical annual property tax bill reaches $570, which is significantly less than the national median of $2,690. Property taxes in Ashley are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Ashley'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 Ashley or another part of Steuben County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashley, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$425
Ownwell’s Ashley Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Ashley. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Ashley to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down. Your property's assessed value, determined by the county, is used for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Ashley, Indiana
Property taxes in Ashley, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashley is 0.52%, which is lower than both the Indiana state median of 0.85% and the U.S. national median of 0.99%. Local government entities within Ashley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashley 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 Ashley's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46705 zip code has both the highest and lowest median property tax rate of 0.52%. Understanding how these cities compare with Ashley provides valuable insights into the varying tax landscape across Steuben County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashley Tax Rate
0.52%
Average Steuben County Tax Rate
0.76%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashley, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46705 | 0.31% | 0.38% | 0.52% | 0.80% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Ashley, Indiana
In Ashley, 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 Steuben 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 Ashley, 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. For example, in the 46705 zip code, the median tax bill is $570. 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 Ashley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ashley Assessed Value
$81,700
Average Steuben County Assessed Value
$162,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashley, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46705 | $18,020 | $59,150 | $81,700 | $158,050 | $293,660 |
Source: Ownwell
Property Tax Bills Across Ashley, Indiana
In Ashley, Steuben County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Ashley, the median home price is $81,700. Property tax bills can vary significantly, with the 25th percentile tax bill at $271 and the 75th percentile reaching $1,119. At the 90th percentile, homeowners could see a tax bill as high as $1,558. The local tax rate in Ashley is influenced by various factors, including municipal budgets, school funding, and public services. Compared to the national median property tax rate of 0.99%, Ashley's tax rates can be seen as relatively moderate, though individual experiences may vary. For homeowners, understanding these factors is crucial as they directly impact annual expenses and overall financial planning. The highest and lowest median tax bill in Ashley is $570, both recorded in the zip code 46705.
Average Ashley Tax Bill
$570
Average Steuben County Tax Bill
$967
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashley, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46705 | $121 | $271 | $570 | $1,119 | $1,558 |
Source: Ownwell