Napoleon, Indiana Property Taxes
The median property tax rate in Napoleon, IN is 0.52%, considerably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Napoleon at $89,600, the typical annual property tax bill reaches $454, significantly below the national median of $2,690. Property taxes in Napoleon 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 Napoleon'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 Napoleon 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
Napoleon, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Napoleon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Napoleon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Napoleon 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 Napoleon, Indiana
Property taxes in Napoleon, Indiana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Napoleon is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Napoleon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Napoleon 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 Napoleon's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47034 has both the highest and lowest median property tax rate in the area, standing at 0.52%. Understanding how these cities compare with Napoleon provides valuable insights into the varying tax landscape across Ripley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Napoleon Tax Rate
0.52%
Average Ripley County Tax Rate
0.79%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Napoleon, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47034 | 0.28% | 0.37% | 0.52% | 1.36% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Napoleon, Indiana
In Napoleon, 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 Ripley 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 Napoleon, 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 Napoleon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in the region is 47034, with a median tax bill of $454.
Average Napoleon Assessed Value
$89,600
Average Ripley County Assessed Value
$137,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Napoleon, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47034 | $38,200 | $63,000 | $89,600 | $125,900 | $160,960 |
Source: Ownwell
Property Tax Bills Across Napoleon, Indiana
In Napoleon, property tax bills are determined by assessing the value of your home and applying the local tax rate. The median home price in the area is $89,600. Property taxes are then calculated based on this assessed value and the tax rate set by Ripley County. Various factors, such as property improvements, neighborhood developments, and market trends, can influence the assessed value. Homeowners in Napoleon can expect their tax bills to vary. For instance, the tax bill at the 25th percentile is $298, while at the 75th percentile, it rises to $854. At the 90th percentile, the tax bill can reach up to $1,169. The highest median tax bill recorded in the region is $454, found in the zip code 47034. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Napoleon might find their property tax bills relatively manageable, though individual circumstances and property values will ultimately determine the exact amount owed.
Average Napoleon Tax Bill
$454
Average Ripley County Tax Bill
$1,170
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Napoleon, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47034 | $178 | $298 | $454 | $854 | $1,169 |
Source: Ownwell