Arlington, Indiana Property Taxes
The median property tax rate in Arlington, Indiana is 0.74%, 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 Arlington at $153,150, the typical annual property tax bill reaches $1,131, which is significantly below the national median of $2,690. Property taxes in Arlington are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Arlington's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Arlington or another part of the city, a thorough understanding of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Arlington, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,133
Ownwell’s Arlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington 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 Arlington, Indiana
Property taxes in Arlington, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington 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 Arlington's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46104 zip code has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Arlington provides valuable insights into the varying tax landscape across Rush County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
0.74%
Average Rush County Tax Rate
0.92%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46104 | 0.40% | 0.58% | 0.74% | 1.33% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Indiana
In Arlington, 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 Rush 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 Arlington, 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 Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Arlington, the median home price is $153,150. Homeowners in the 25th percentile can expect a tax bill of around $627, while those in the 75th percentile face approximately $1,945. The highest median tax bill in the area is $1,131 in the 46104 zip code, which is also the lowest median tax bill. This insight can help property owners better understand their potential tax liabilities and explore ways to reduce them.
Average Arlington Assessed Value
$153,150
Average Rush County Assessed Value
$138,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlington, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46104 | $43,660 | $90,800 | $153,150 | $216,400 | $319,270 |
Source: Ownwell
Property Tax Bills Across Arlington, Indiana
In Arlington, located in Rush County, Indiana, property tax bills are determined based on the assessed value of a home. This assessed value is calculated by local tax assessors and is meant to reflect the market value of the property. Homeowners in Arlington see a range of property tax bills, with the 25th percentile at $627 and the 75th percentile at $1,945. At the higher end, the 90th percentile tax bill reaches $2,845. The median home price in Arlington is $153,150, and the median property tax bill is $1,131, which is slightly above the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Higher property values generally result in higher tax bills, which can affect homeowners by increasing their annual financial obligations. Understanding these factors can help homeowners anticipate their property tax responsibilities and plan accordingly.
Average Arlington Tax Bill
$1,131
Average Rush County Tax Bill
$1,215
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46104 | $273 | $627 | $1,131 | $1,945 | $2,845 |
Source: Ownwell