Berne, Indiana Property Taxes
The median property tax rate in Berne, IN is 0.90%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Berne at $159,100, the typical annual property tax bill is around $1,495, which is less than the national median of $2,690. Property taxes in Berne 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 Berne'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 Berne or another part of Adams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Berne, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Berne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berne 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 Berne, Indiana
Property taxes in Berne, Indiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Berne is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Berne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berne 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 Berne's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46711 has the same median property tax rate of 0.90%. Understanding how these areas compare with Berne provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berne Tax Rate
0.90%
Average Adams County Tax Rate
0.84%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berne, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46711 | 0.54% | 0.72% | 0.90% | 1.01% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Berne, Indiana
In Berne, 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 Adams 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 Berne, 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 Berne 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 Berne is 46711, with a median tax bill of $1,495, which is consistent across the board.
Average Berne Assessed Value
$159,100
Average Adams County Assessed Value
$154,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berne, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46711 | $79,220 | $107,100 | $159,100 | $250,600 | $350,820 |
Source: Ownwell
Property Tax Bills Across Berne, Indiana
In Berne, Adams County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government officials who evaluate the property's market value. Several factors influence this assessed value, including the size of the property, its location, and any improvements made to it. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Berne, the median home price is $159,100. Property tax bills can vary significantly, with the 25th percentile at $838 and the 75th percentile at $2,406. The 90th percentile can reach up to $3,679, highlighting the range of potential tax burdens. The highest median tax bill in the area is $1,495, which is notably higher than the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Berne Tax Bill
$1,495
Average Adams County Tax Bill
$1,348
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Berne, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46711 | $467 | $838 | $1,495 | $2,406 | $3,679 |
Source: Ownwell