Attica, Indiana Property Taxes
The median property tax rate in Attica, IN is 0.93%, slightly below the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Attica at $109,350, the typical annual property tax bill reaches $1,102, which is lower than the national median of $2,690. Property taxes in Attica are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Attica'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 Attica or another part of Fountain County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Attica, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,017
Ownwell’s Attica Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Attica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Attica 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 Attica, Indiana
Property taxes in Attica, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Attica is 0.93%, which is below the U.S. national median of 0.99%. Local government entities within Attica set these rates annually, and they can vary significantly across different neighborhoods. Each year, Attica 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 Attica's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47918 has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Attica provides valuable insights into the varying tax landscape across Fountain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Attica Tax Rate
0.93%
Average Fountain County Tax Rate
0.77%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Attica, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47918 | 0.50% | 0.68% | 0.93% | 1.49% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Attica, Indiana
In Attica, 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 Fountain 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 Attica, 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 Attica helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Attica is $109,350, with the 25th percentile tax bill at $609 and the 75th percentile at $1,729. The highest and lowest median tax bills, both at $1,102, are found in the 47918 zip code.
Average Attica Assessed Value
$109,350
Average Fountain County Assessed Value
$123,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Attica, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47918 | $45,050 | $74,025 | $109,350 | $167,500 | $240,000 |
Source: Ownwell
Property Tax Bills Across Attica, Indiana
In Attica, Fountain County, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. For homeowners in Attica, the median home price is $109,350. Property tax bills can vary significantly within the city. At the 25th percentile, homeowners might expect a tax bill around $609, while those at the 75th percentile could see bills closer to $1,729. For homes at the 90th percentile, the tax bill can reach up to $2,650 annually. The highest and lowest median tax bills in the area both stand at $1,102 within the 47918 zip code. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly. By staying informed, homeowners can better manage the financial impact of property taxes on their overall expenses.
Average Attica Tax Bill
$1,102
Average Fountain County Tax Bill
$966
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Attica, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47918 | $339 | $609 | $1,102 | $1,729 | $2,650 |
Source: Ownwell