Arlington, Indiana Property Taxes
The median property tax rate in Arlington, Indiana, is 0.88%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $308,900 in Arlington, the typical annual property tax bill amounts to $2,707, slightly below the national median of $2,690. Property taxes in Arlington are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Arlington'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 Arlington or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arlington, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$2,718
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, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 0.88%, 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 areas in Indiana and the national median. For comparison, the zip code 46104 has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Arlington provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
0.88%
Average Shelby County Tax Rate
0.85%
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 | 0.47% | 0.81% | 0.88% | 1.23% | 1.53% |
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 Shelby 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. Notably, the zip code 46104 has the highest and lowest median tax bill at $2,707.
Average Arlington Assessed Value
$308,900
Average Shelby County Assessed Value
$152,000
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 | $227,400 | $246,750 | $308,900 | $315,350 | $413,280 |
Source: Ownwell
Property Tax Bills Across Arlington, Indiana
In Arlington, located in Shelby County, IN, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $308,900, homeowners can expect varying tax bills depending on specific assessments and local tax rates. Factors influencing the tax bill include property size, location, and any applicable exemptions. The 25th percentile tax bill in Arlington is $1,942, while the 75th percentile reaches $3,241, and the 90th percentile can be as high as $5,609. These figures illustrate the range of tax burdens homeowners might face. Comparing this to the national median property tax rate of 0.99%, Arlington's tax bills highlight the importance of understanding local rates and assessments. Homeowners in Shelby County should be aware of these factors, as they directly impact annual financial planning and the overall cost of owning property in the area.
Average Arlington Tax Bill
$2,707
Average Shelby County Tax Bill
$1,312
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 | $1,013 | $1,942 | $2,707 | $3,241 | $5,609 |
Source: Ownwell