Hudson, Indiana Property Taxes
The median property tax rate in Hudson, IN is 0.76%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Hudson at $184,800, the typical annual property tax bill is $1,121, which is below the national median of $2,690. Property taxes in Hudson 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 Hudson'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 Hudson 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
Hudson, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,404
Ownwell’s Hudson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson 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 Hudson, Indiana
Property taxes in Hudson, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson is 0.76%, lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46747 zip code has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Hudson provides valuable insights into the varying tax landscape across LaGrange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hudson Tax Rate
0.76%
Average Lagrange County Tax Rate
0.63%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46747 | 0.30% | 0.41% | 0.76% | 0.95% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Indiana
In Hudson, 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 LaGrange 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 Hudson, 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 Hudson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46747 has the highest and lowest median tax bill at $1,121.
Average Hudson Assessed Value
$184,800
Average Lagrange County Assessed Value
$195,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hudson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46747 | $22,860 | $81,275 | $184,800 | $322,400 | $484,330 |
Source: Ownwell
Property Tax Bills Across Hudson, Indiana
In Hudson, located in LaGrange County, IN, property tax bills are calculated using the assessed value of a property, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. For example, Hudson's median home price is $184,800, and the property tax rate is below the national median of 0.99%. Homeowners in Hudson can expect tax bills that vary significantly based on their property's assessed value. At the 25th percentile, tax bills are around $379, while at the 75th percentile, they can reach $2,005. For those at the 90th percentile, tax bills can be as high as $2,925. The highest median tax bill in the area, found in zip code 46747, is $1,121. Understanding these factors is crucial for homeowners as they directly impact annual property tax obligations.
Average Hudson Tax Bill
$1,121
Average Lagrange County Tax Bill
$1,119
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46747 | $183 | $379 | $1,121 | $2,005 | $2,925 |
Source: Ownwell