Linton, Indiana Property Taxes
The median property tax rate in Linton, IN is 1.06%, slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Linton at $73,000, the typical annual property tax bill reaches $779, which is significantly lower than the national median of $2,690. Property taxes in Linton 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 Linton'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 Linton 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
Linton, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$774
Ownwell’s Linton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linton 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 Linton, Indiana
Property taxes in Linton, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linton is 1.06%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Linton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linton 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 Linton's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47441 zip code has the highest median property tax rate of 1.06%, while the same 47441 zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Linton provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linton Tax Rate
1.06%
Average Greene County Tax Rate
1.04%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linton, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47441 | 0.21% | 0.84% | 1.06% | 1.99% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Linton, Indiana
In Linton, 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 Greene County Assessor’s Office 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 Linton, 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 Linton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 47441 has both the highest and lowest median tax bill, standing at $779.
Average Linton Assessed Value
$73,000
Average Greene County Assessed Value
$82,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Linton, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47441 | $17,900 | $41,250 | $73,000 | $118,200 | $178,000 |
Source: Ownwell
Property Tax Bills Across Linton, Indiana
In Linton, located in Greene County, IN, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Linton is $73,000, and the property tax rate is determined by local government authorities. The tax bill is influenced by several factors, including the assessed value of the property, the local tax rate, and any applicable exemptions or deductions. For homeowners in Linton, the typical property tax bill varies significantly. The 25th percentile tax bill is around $381, whereas the 75th percentile tax bill reaches approximately $1,373. At the 90th percentile, homeowners might see tax bills as high as $2,124. Compared to the national median property tax rate of 0.99%, Linton's tax bills reflect the local economic conditions and property values. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly. The highest and lowest median tax bills in the area are both $779, indicating a relatively consistent tax burden across different properties.
Average Linton Tax Bill
$779
Average Greene County Tax Bill
$788
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Linton, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47441 | $89 | $381 | $779 | $1,373 | $2,124 |
Source: Ownwell