Stroh, Indiana Property Taxes
The median property tax rate in Stroh, Indiana is 0.82%, which is lower than both the national median of 0.99% and Indiana's state median of 0.99%. With a median home value of $81,300 in Stroh, the typical annual property tax bill amounts to $497, significantly less than the national median of $2,690. Property taxes in Stroh are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By gaining a thorough understanding of Stroh's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Stroh or its surrounding areas, comprehending the local property tax framework will prove beneficial.
Last Updated June 14, 2024
Stroh, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$667
Ownwell’s Stroh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stroh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stroh 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 Stroh, Indiana
Property taxes in Stroh, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stroh is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Stroh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stroh 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 Stroh's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46789 zip code has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these areas compare with Stroh 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 Stroh Tax Rate
0.82%
Average Lagrange County Tax Rate
0.63%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stroh, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46789 | 0.21% | 0.26% | 0.82% | 0.86% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Stroh, Indiana
In Stroh, 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 Stroh, 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 Stroh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stroh is $81,300, with tax bills ranging from $335 at the 25th percentile to $1,343 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 46789, at $497.
Average Stroh Assessed Value
$81,300
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 Stroh, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46789 | $64,120 | $69,700 | $81,300 | $128,100 | $136,620 |
Source: Ownwell
Property Tax Bills Across Stroh, Indiana
In Stroh, IN, located in LaGrange County, property tax bills are determined based on the assessed value of a home. The median home price in this area is $81,300. Property taxes are calculated by multiplying the assessed value by the local tax rate, which is then adjusted for any exemptions or deductions the homeowner may qualify for. The national median property tax rate is 0.99%, providing a benchmark for comparison. In Stroh, the property tax bills can vary significantly. For instance, homeowners at the 25th percentile pay around $335 annually, whereas those at the 75th percentile see bills closer to $1,229. At the 90th percentile, the tax bill can reach up to $1,343. The highest and lowest median tax bills in the area are both $497, indicating consistency within certain neighborhoods. These property tax bills directly impact homeowners by influencing their annual housing costs and potentially affecting their overall financial planning. Understanding these factors is crucial for homeowners to manage their budgets effectively.
Average Stroh Tax Bill
$497
Average Lagrange County Tax Bill
$1,119
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Stroh, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46789 | $211 | $335 | $497 | $1,229 | $1,343 |
Source: Ownwell