Star City, Indiana Property Taxes
The median property tax rate in Star City, IN is 0.69%, considerably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Star City at $180,350, the typical annual property tax bill reaches $1,328, which is below the national median of $2,690. Property taxes in Star City 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 Star City'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 Star City 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
Star City, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,244
Ownwell’s STAR CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR CITY 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 Star City, Indiana
Property taxes in STAR CITY, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in STAR CITY is 0.69%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within STAR CITY set these rates annually, and they can vary significantly across different neighborhoods. Each year, STAR CITY 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 STAR CITY's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46985 zip code has the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with STAR CITY provides valuable insights into the varying tax landscape across White County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Star City Tax Rate
0.69%
Average White County Tax Rate
0.74%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star City, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46985 | 0.42% | 0.56% | 0.69% | 0.83% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Star City, Indiana
In STAR CITY, 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 White 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 STAR CITY, 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 STAR CITY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in STAR CITY is $180,350, with the highest median tax bill of $1,328 in zip code 46985.
Average Star City Assessed Value
$180,350
Average White County Assessed Value
$154,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Star City, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46985 | $114,150 | $123,050 | $180,350 | $216,800 | $234,300 |
Source: Ownwell
Property Tax Bills Across Star City, Indiana
Property tax bills in Star City, White County, Indiana, are determined by a combination of the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value as determined by the county assessor. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Star City, the median home price is $180,350. Property tax bills can vary significantly, with the 25th percentile paying around $824 annually, while those in the 75th percentile face bills of approximately $1,841. The top 10% of taxpayers see bills as high as $2,167. Compared to the national median property tax rate of 0.99%, White County's rates may offer a favorable comparison for some homeowners. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding how these bills are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Star City Tax Bill
$1,328
Average White County Tax Bill
$1,109
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Star City, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46985 | $546 | $824 | $1,328 | $1,841 | $2,167 |
Source: Ownwell