Saint Paul, Indiana Property Taxes
The median property tax rate in Saint Paul, IN is 0.69%, notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Saint Paul, the typical annual property tax bill reaches $1,358, which is well below the national median of $2,690. Property taxes in Saint Paul 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 Saint Paul'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 Saint Paul 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
Saint Paul, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,648
Ownwell’s Saint Paul Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul 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 Saint Paul, Indiana
Property taxes in Saint Paul, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Paul is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Paul set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Paul 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 Saint Paul's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47272 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Saint Paul 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 Saint Paul Tax Rate
0.69%
Average Rush County Tax Rate
0.92%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paul, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47272 | 0.16% | 0.43% | 0.69% | 0.83% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul, Indiana
In Saint Paul, 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 local appraisal authorities 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 Saint Paul, 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. For instance, the zip code with the highest median tax bill is 47272 at $1358, while the lowest is also 47272 at $1358. Being aware of these valuation processes in Saint Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Paul Assessed Value
$238,850
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 Saint Paul, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47272 | $106,970 | $125,900 | $238,850 | $288,675 | $340,950 |
Source: Ownwell
Property Tax Bills Across Saint Paul, Indiana
In Saint Paul, Rush County, IN, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is derived from the market value of the home, which in this area has a median price of $238,850. Homeowners' tax bills can vary significantly depending on the assessed value and applicable exemptions. For example, the 25th percentile tax bill is $623, while the 75th percentile reaches $2,102, and the 90th percentile climbs to $2,827. These variations illustrate how factors like property size, location, and improvements can impact the final tax amount. Compared to the national median property tax rate of 0.99%, Saint Paul's tax bills reflect the local real estate market and tax policies. Homeowners in the highest median tax bill zip code, 47272, face a median tax bill of $1,358, which underscores the importance of understanding how local assessments and rates affect overall tax obligations.
Average Saint Paul Tax Bill
$1,358
Average Rush County Tax Bill
$1,215
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paul, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47272 | $300 | $623 | $1,358 | $2,102 | $2,827 |
Source: Ownwell