Cross Plains, Indiana Property Taxes
The median property tax rate in Cross Plains, Indiana is 0.95%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Cross Plains at $159,100, the typical annual property tax bill amounts to $1,461, which is lower than the national median of $2,690. Property taxes in Cross Plains 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 Cross Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cross Plains 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
Cross Plains, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,511
Ownwell’s CROSS PLAINS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CROSS PLAINS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CROSS PLAINS 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 Cross Plains, Indiana
Property taxes in Cross Plains, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cross Plains is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Cross Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cross Plains 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 Cross Plains' effective property tax rate to other counties in Indiana and the national median. For comparison, the 47017 zip code has the highest median property tax rate of 0.95%, while the 47017 zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Cross Plains provides valuable insights into the varying tax landscape across Ohio County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cross Plains Tax Rate
0.95%
Average Ohio County Tax Rate
0.73%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cross Plains, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47017 | 0.65% | 0.70% | 0.95% | 1.26% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Cross Plains, Indiana
In Cross Plains, 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 Ohio County Appraisal District 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 Cross Plains, 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 Cross Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cross Plains is $1,461.00 in the 47017 zip code, while the lowest is also $1,461.00 in the same zip code.
Average Cross Plains Assessed Value
$159,100
Average Ohio County Assessed Value
$161,350
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cross Plains, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47017 | $48,830 | $97,600 | $159,100 | $230,600 | $275,590 |
Source: Ownwell
Property Tax Bills Across Cross Plains, Indiana
In Cross Plains, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners in Cross Plains, the median home price stands at $159,100. The tax bill can range significantly, with the 25th percentile at $1,006 and the 75th percentile reaching $1,876. The 90th percentile tax bill can go up to $2,493. These figures show that property taxes can vary widely based on property value and specific local assessments. Compared to the national median property tax rate of 0.99%, Cross Plains falls within a similar range, affecting homeowners by contributing to the overall cost of owning property. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Cross Plains Tax Bill
$1,461
Average Ohio County Tax Bill
$1,342
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Cross Plains, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47017 | $519 | $1,006 | $1,461 | $1,876 | $2,493 |
Source: Ownwell