Delong, Indiana Property Taxes
The median property tax rate in Delong, IN is 0.51%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Delong being $46,900, the typical annual property tax bill is just $154, far below the national median of $2,690. Property taxes in Delong 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 Delong'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 Delong 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
Delong, 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 DELONG Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DELONG with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DELONG 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 Delong, Indiana
Property taxes in Delong, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delong is 0.67%, which is higher than the Indiana state median of 0.75% but still below the U.S. national median of 0.99%. Local government entities within Delong set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delong 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 Delong's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46922 has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Delong provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delong Tax Rate
0.51%
Average Fulton County Tax Rate
0.68%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delong, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46922 | 0.21% | 0.25% | 0.51% | 1.14% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Delong, Indiana
In Delong, 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 Fulton County 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 Delong, 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 Delong helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46922 has both the highest and lowest median tax bill at $154.00.
Average Delong Assessed Value
$46,900
Average Fulton County Assessed Value
$110,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delong, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46922 | $7,400 | $10,975 | $46,900 | $75,125 | $89,100 |
Source: Ownwell
Property Tax Bills Across Delong, Indiana
In Delong, located in Fulton County, Indiana, property tax bills are calculated based on the assessed value of a home. The median home price in Delong is $46,900. Property taxes are determined by applying the local tax rate to this assessed value. The local tax rate for Fulton County is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Delong can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $100, while the 75th percentile tax bill reaches $291. At the higher end, the 90th percentile tax bill can be as much as $919. Interestingly, the highest and lowest median tax bills in the area are both $154, specifically in the zip code 46922. These property taxes fund essential local services such as schools, public safety, and infrastructure. Therefore, understanding how these taxes are calculated and their potential impact can help homeowners in Delong manage their finances more effectively.
Average Delong Tax Bill
$154
Average Fulton County Tax Bill
$797
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Delong, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46922 | $33 | $100 | $154 | $291 | $919 |
Source: Ownwell