Kimmell, Indiana Property Taxes
The median property tax rate in Kimmell, IN is 0.67%, 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 Kimmell at $169,900, the typical annual property tax bill reaches $1,230, significantly less than the national median of $2,690. Property taxes in Kimmell are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Kimmell'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 Kimmell 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
Kimmell, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,138
Ownwell’s Kimmell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kimmell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimmell 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 Kimmell, Indiana
Property taxes in Kimmell, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimmell is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Kimmell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kimmell 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 Kimmell's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46760 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Kimmell provides valuable insights into the varying tax landscape across Noble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kimmell Tax Rate
0.67%
Average Noble County Tax Rate
0.71%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kimmell, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46760 | 0.37% | 0.52% | 0.67% | 1.32% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Kimmell, Indiana
In Kimmell, 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 Noble 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 Kimmell, 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 Kimmell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kimmell are both $1,230, found in zip code 46760.
Average Kimmell Assessed Value
$169,900
Average Noble County Assessed Value
$173,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kimmell, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46760 | $51,430 | $109,200 | $169,900 | $244,675 | $341,530 |
Source: Ownwell
Property Tax Bills Across Kimmell, Indiana
In Kimmell, located in Noble County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the property's market value. For instance, with a median home price of $169,900, the property tax rate is applied to this value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Kimmell can expect to see a range in their property tax bills. For example, the 25th percentile tax bill is around $641, while the 75th percentile reaches up to $2019. At the 90th percentile, tax bills can be as high as $3249. Comparatively, the median property tax rate in Kimmell is 0.99%, aligning with the national median. This means homeowners in Kimmell are subject to a similar tax rate as the national average, but individual tax bills can vary significantly based on the assessed value of their property.
Average Kimmell Tax Bill
$1,230
Average Noble County Tax Bill
$1,324
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Kimmell, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46760 | $327 | $641 | $1,230 | $2,019 | $3,249 |
Source: Ownwell