Etna Green, Indiana Property Taxes
The median property tax rate in Etna Green, IN is 0.54%, which is considerably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Etna Green at $241,450, the typical annual property tax bill reaches $1,231, falling well below the national median of $2,690. Property taxes in Etna Green 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 Etna Green’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 Etna Green 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
Etna Green, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,304
Ownwell’s Etna Green Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Etna Green with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Etna Green 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 Etna Green, Indiana
Property taxes in Etna Green, Indiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Etna Green is 0.54%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Etna Green set these rates annually, and they can vary significantly across different neighborhoods. Each year, Etna Green 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 Etna Green's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46524 zip code has the highest median property tax rate of 0.54%, while the 46524 zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Etna Green provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Etna Green Tax Rate
0.54%
Average Marshall County Tax Rate
0.94%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Etna Green, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46524 | 0.44% | 0.48% | 0.54% | 0.60% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Etna Green, Indiana
In Etna Green, 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 Marshall 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 Etna Green, 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 Etna Green helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Etna Green is $241,450, with the highest and lowest median tax bills both recorded at $1,231 in zip code 46524.
Average Etna Green Assessed Value
$241,450
Average Marshall County Assessed Value
$139,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Etna Green, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46524 | $199,170 | $215,025 | $241,450 | $267,875 | $283,730 |
Source: Ownwell
Property Tax Bills Across Etna Green, Indiana
In Etna Green, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Marshall County Assessor's Office, which evaluates the property's market value. This assessment is then multiplied by the local tax rate to calculate the annual tax bill. For example, with the median home price at $241,450, homeowners can expect to pay a tax bill around the median national rate of 0.99%. Several factors influence the final tax bill, including property improvements, neighborhood changes, and local government budgets. Homeowners in Etna Green typically see tax bills ranging from $1,225 at the 25th percentile to $1,242 at the 90th percentile. Notably, the highest and lowest median tax bills in the area are both $1,231, as seen in the 46524 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding how property tax bills are calculated helps homeowners anticipate and manage their annual expenses.
Average Etna Green Tax Bill
$1,231
Average Marshall County Tax Bill
$1,216
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Etna Green, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46524 | $1,221 | $1,225 | $1,231 | $1,238 | $1,242 |
Source: Ownwell