Sulphur, Indiana Property Taxes
The median property tax rate in Sulphur, IN is 1.01%, slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Sulphur, the typical annual property tax bill reaches $550, which is notably lower than the national median of $2,690. Property taxes in Sulphur 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 Sulphur'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 Sulphur 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
Sulphur, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$646
Ownwell’s Sulphur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sulphur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sulphur 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 Sulphur, Indiana
Property taxes in Sulphur, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sulphur is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Sulphur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sulphur 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 Sulphur's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47174 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Sulphur provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sulphur Tax Rate
1.01%
Average Crawford County Tax Rate
1.24%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sulphur, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47174 | 0.58% | 0.76% | 1.01% | 2.00% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Sulphur, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sulphur, 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 local appraisal district 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 Sulphur, 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 Sulphur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sulphur is $64,000, with tax bills ranging from $359 at the 25th percentile to $1,858 at the 90th percentile. Notably, the zip code 47174 has both the highest and lowest median tax bill at $550.
Average Sulphur Assessed Value
$64,000
Average Crawford County Assessed Value
$66,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sulphur, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47174 | $12,550 | $39,775 | $64,000 | $101,850 | $135,000 |
Source: Ownwell
Property Tax Bills Across Sulphur, Indiana
In Sulphur, property tax bills are calculated based on the assessed value of a home, which is determined by the Crawford County Assessor's office. The assessed value is a percentage of the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Sulphur is $64,000, and the property tax rate is reflective of the county's needs. Factors such as property location, size, and any improvements made to the property can influence the assessed value. Homeowners in Sulphur can expect tax bills to vary significantly. The 25th percentile tax bill is $359, while the 75th percentile tax bill reaches $1201, and the 90th percentile tax bill can be as high as $1858. These variations underscore the impact of property values and local tax rates on homeowners. Compared to the national median property tax rate of 0.99%, Sulphur's rates can be seen as relatively moderate, making it crucial for homeowners to understand how their specific property characteristics affect their tax obligations.
Average Sulphur Tax Bill
$550
Average Crawford County Tax Bill
$769
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Sulphur, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47174 | $213 | $359 | $550 | $1,201 | $1,858 |
Source: Ownwell