Orland, Indiana Property Taxes
The median property tax rate in Orland, IN is 0.83%, which is lower than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Orland at $124,950, the typical annual property tax bill is approximately $597, significantly below the national median of $2,690. Property taxes in Orland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Orland'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 Orland or another part of LaGrange County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orland, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,037
Ownwell’s Orland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orland 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 Orland, Indiana
Property taxes in Orland, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orland is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Orland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orland 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 Orland's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46776 has both the highest and lowest median property tax rate in the region at 0.83%. Understanding how these cities compare with Orland 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 Orland Tax Rate
0.83%
Average Lagrange County Tax Rate
0.63%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46776 | 0.22% | 0.35% | 0.83% | 0.85% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Orland, Indiana
In Orland, 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 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 Orland, 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 Orland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $597 in the zip code 46776, while the lowest median tax bill is also $597 in the same zip code.
Average Orland Assessed Value
$124,950
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 Orland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46776 | $18,190 | $63,875 | $124,950 | $170,275 | $244,980 |
Source: Ownwell
Property Tax Bills Across Orland, Indiana
In Orland, located in LaGrange County, IN, property tax bills are determined based on the assessed value of a home. The assessed value is calculated by the local assessor's office and reflects the market value of the property. Homeowners in Orland can expect their tax bills to be influenced by several factors, including the market value of their property, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Orland is $124,950, which serves as a reference point for understanding potential tax bills. At the 25th percentile, homeowners might pay around $230 in property taxes, while those at the 75th percentile could see bills as high as $1,058. The 90th percentile tax bill can reach up to $1,591, indicating a range of tax burdens based on property values and assessments. Comparatively, Orland's property tax rates are influenced by local levies and budget requirements, making it essential for homeowners to stay informed about their assessed values and any potential changes in local tax policies.
Average Orland Tax Bill
$597
Average Lagrange County Tax Bill
$1,119
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Orland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46776 | $133 | $230 | $597 | $1,058 | $1,591 |
Source: Ownwell