Saint John, Indiana Property Taxes
The median property tax rate in Saint John, IN is 1.00%, slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Saint John, the typical annual property tax bill reaches $3,785, significantly exceeding the national median of $2,690. Property taxes in Saint John 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 Saint John'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 Saint John 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
Saint John, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$3,779
Ownwell’s Saint John Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint John with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint John 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 Saint John, Indiana
Property taxes in Saint John, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint John is 1.00%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Saint John set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint John 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 Saint John's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46373 zip code has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Saint John provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint John Tax Rate
1.00%
Average Lake County Tax Rate
1.07%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint John, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46373 | 0.82% | 0.93% | 1.00% | 1.10% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Saint John, Indiana
In Saint John, 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 Lake 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 Saint John, 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 Saint John helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Saint John, the median home price is $377,900. The median property tax bill ranges from $2,922 at the 25th percentile to $6,288 at the 90th percentile. The zip code 46373 has both the highest and lowest median tax bill, which is $3,785.
Average Saint John Assessed Value
$377,900
Average Lake County Assessed Value
$187,400
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint John, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46373 | $262,100 | $311,700 | $377,900 | $464,800 | $593,800 |
Source: Ownwell
Property Tax Bills Across Saint John, Indiana
In Saint John, located in Lake County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $377,900, homeowners can expect varying tax bills. The 25th percentile tax bill is around $2,922, while the 75th percentile reaches up to $4,829, and the 90th percentile can be as high as $6,288. These figures highlight the range of property taxes within the area, significantly influenced by the assessed value and applicable exemptions. Homeowners in Saint John should be aware that their tax obligations can fluctuate based on these assessments and any changes in local tax rates. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for understanding local tax burdens. Being informed about these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Saint John Tax Bill
$3,785
Average Lake County Tax Bill
$2,011
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint John, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46373 | $2,181 | $2,922 | $3,785 | $4,829 | $6,288 |
Source: Ownwell