Noblesville, Indiana Property Taxes
The median property tax rate in Noblesville, IN is 1.10%, considerably higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Noblesville at $298,500, the typical annual property tax bill reaches $3,527, exceeding the national median of $2,690. Property taxes in Noblesville 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 Noblesville'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 Noblesville 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
Noblesville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$3,284
Ownwell’s Noblesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Noblesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Noblesville 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 Noblesville, Indiana
Property taxes in Noblesville, Indiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Noblesville is 1.10%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Noblesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Noblesville 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 Noblesville's effective property tax rate to other areas in Indiana and the national median. For comparison, the 46062 zip code has the highest median property tax rate of 1.11%, while the 46060 zip code has the lowest median tax rate of 1.09%. Understanding how these areas compare with Noblesville provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Noblesville Tax Rate
1.10%
Average Hamilton County Tax Rate
1.05%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Noblesville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46060 | 0.83% | 1.00% | 1.09% | 1.19% | 2.06% |
| 46062 | 0.94% | 1.07% | 1.11% | 1.21% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Noblesville, Indiana
In Noblesville, 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 Hamilton 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 Noblesville, 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 Noblesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Noblesville, zip code 46062 has the highest median tax bill at $3,977, while zip code 46060 has the lowest at $3,215.
Property Tax Assessment Values Across Noblesville, Indiana
Source: Ownwell
$33,300
$1,087,450
$2,141,600
Average Noblesville Assessed Value
$298,500
Average Hamilton County Assessed Value
$355,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Noblesville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46060 | $140,700 | $211,200 | $270,300 | $351,100 | $435,800 |
| 46062 | $221,200 | $264,600 | $342,700 | $446,900 | $574,100 |
Source: Ownwell
Property Tax Bills Across Noblesville, Indiana
In Noblesville, located in Hamilton County, IN, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and reflects the market value of the property. The tax rate is then applied to this assessed value to calculate the property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, homeowners in Noblesville may qualify for exemptions that reduce their taxable value, thereby lowering their tax bill. The median home price in Noblesville stands at $298,500, with property tax bills ranging from $2,578 at the 25th percentile to $6,149 at the 90th percentile. The highest median tax bill in the area is $3,977 in the 46062 zip code, while the lowest is $3,215 in the 46060 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Noblesville residents.
Average Noblesville Tax Bill
$3,527
Average Hamilton County Tax Bill
$3,915
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Noblesville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46060 | $1,357 | $2,285 | $3,215 | $4,277 | $5,349 |
| 46062 | $2,259 | $2,955 | $3,977 | $5,346 | $6,775 |
Source: Ownwell