Orleans, Indiana Property Taxes
The median property tax rate in Orleans, Indiana is 1.60%, considerably higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Orleans, the typical annual property tax bill reaches $1,599, which is below the national median of $2,690. Property taxes in Orleans are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Orleans'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 Orleans 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
Orleans, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,651
Ownwell’s Orleans Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orleans with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orleans 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 Orleans, Indiana
Property taxes in Orleans, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orleans is 1.60%, significantly higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Orleans set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orleans 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 Orleans' effective property tax rate to other counties in Indiana and the national median. For comparison, the 47452 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Orleans provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orleans Tax Rate
1.60%
Average Washington County Tax Rate
0.95%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orleans, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47452 | 0.59% | 0.85% | 1.60% | 1.91% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Orleans, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Orleans, Indiana. The market value represents 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 Washington 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 Orleans, 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 Orleans 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 in Orleans is 47452, with a median tax bill of $1,599.
Average Orleans Assessed Value
$103,200
Average Washington County Assessed Value
$111,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orleans, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47452 | $41,500 | $64,050 | $103,200 | $173,775 | $223,900 |
Source: Ownwell
Property Tax Bills Across Orleans, Indiana
In Orleans, Washington County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors influencing the tax bill include the home's location, size, and any improvements made to the property. In Orleans, the median home price is $103,200, with property tax bills ranging from $1,173 at the 25th percentile to $3,500 at the 90th percentile. This range indicates significant variability based on property characteristics and valuations. For homeowners, this means that property taxes can represent a substantial annual expense, impacting overall affordability. Compared to the national median property tax rate of 0.99%, Orleans homeowners experience rates that can vary widely, reflecting the localized nature of property tax assessments and the influence of specific property factors.
Average Orleans Tax Bill
$1,599
Average Washington County Tax Bill
$1,080
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Orleans, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47452 | $652 | $1,173 | $1,599 | $2,518 | $3,500 |
Source: Ownwell