Crandall, Indiana Property Taxes
The median property tax rate in Crandall, Indiana is 0.66%, significantly lower than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Crandall at $196,900, the typical annual property tax bill amounts to $1,177, well below the national median of $2,690. Property taxes in Crandall are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Crandall'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 Crandall 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
Crandall, 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 Crandall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crandall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crandall 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 Crandall, Indiana
Property taxes in Crandall, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crandall is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Crandall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crandall 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 Crandall's effective property tax rate to other areas in Indiana and the national median. For comparison, the zip code 47114 has the same median property tax rate of 0.66%. Understanding how these areas compare with Crandall provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crandall Tax Rate
0.66%
Average Harrison County Tax Rate
0.61%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crandall, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47114 | 0.35% | 0.49% | 0.66% | 0.71% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Crandall, Indiana
In Crandall, 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 Harrison 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 Crandall, 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 Crandall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill of $1,177 and the lowest median tax bill of $1,177 is 47114.
Average Crandall Assessed Value
$196,900
Average Harrison County Assessed Value
$175,400
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crandall, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47114 | $50,580 | $90,000 | $196,900 | $279,175 | $314,890 |
Source: Ownwell
Property Tax Bills Across Crandall, Indiana
In Crandall, located in Harrison County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value and apply a specific assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For homeowners in Crandall, the property tax rate stands at a level where the median tax bill is $1,177. This is notably higher than the national median property tax rate of 0.99%. Tax bills can vary significantly, with the 25th percentile at $458 and the 75th percentile reaching $1,890. At the 90th percentile, homeowners might see tax bills as high as $2,233. These property taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life in Crandall.
Average Crandall Tax Bill
$1,177
Average Harrison County Tax Bill
$1,112
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Crandall, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47114 | $220 | $458 | $1,177 | $1,890 | $2,233 |
Source: Ownwell