Steuben County Property Taxes
The median property tax rate in Steuben County is 0.76%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Steuben County at $162,600, the typical annual property tax bill is $967, significantly less than the national median of $2,690. Property taxes in Steuben County are calculated based on the assessed value, which is often below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Steuben County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Angola or another part of Steuben County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Steuben County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,236
Ownwell’s Steuben County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Steuben County with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Steuben County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Steuben County, Indiana
Property taxes in Steuben County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Steuben County is 0.76%, which is lower than both the Indiana state median of 0.85% and the U.S. national median of 0.99%. Local government entities within Steuben County set these rates annually, and they can vary significantly between different areas within the county. Each year, Steuben County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Steuben County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Orland has one of the higher property tax rates in Indiana at 0.95%, while the city of Waterloo boasts one of the lowest at 0.41%. Analyzing how Steuben County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Steuben County Tax Rate
0.76%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Steuben County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Angola | 0.35% | 0.46% | 0.77% | 0.88% | 1.18% |
| Ashley | 0.31% | 0.38% | 0.52% | 0.80% | 1.81% |
| Fremont | 0.34% | 0.45% | 0.73% | 0.85% | 0.96% |
| Hamilton | 0.34% | 0.48% | 0.68% | 1.04% | 1.21% |
| Hudson | 0.30% | 0.40% | 0.61% | 0.90% | 1.11% |
| Lagrange | 0.36% | 0.59% | 0.87% | 0.94% | 1.03% |
| Orland | 0.39% | 0.60% | 0.95% | 0.97% | 1.63% |
| Pleasant Lake | 0.24% | 0.35% | 0.49% | 0.78% | 0.82% |
| Waterloo | 0.29% | 0.35% | 0.41% | 0.43% | 0.52% |
| Wolcottville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Steuben County, Indiana
In Steuben County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Steuben County Appraisal District. The assessed value, however, 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. Assessment notices in Steuben County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Steuben County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Steuben County, the median home price is $162,600. Homeowners in Hamilton face the highest median tax bill at $1,396, while those in Orland enjoy the lowest at just $181. By understanding these trends, property owners can gain insights into regional tax variations and better plan their finances.
Average Steuben County Assessed Value
$162,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Steuben County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Angola | $28,600 | $90,000 | $180,800 | $309,000 | $524,480 |
| Ashley | $18,020 | $59,150 | $81,700 | $158,050 | $293,660 |
| Fremont | $36,710 | $80,500 | $179,800 | $371,125 | $622,570 |
| Hamilton | $44,830 | $112,900 | $211,050 | $376,125 | $594,320 |
| Hudson | $20,600 | $59,800 | $121,200 | $205,900 | $328,660 |
| Lagrange | $8,840 | $19,500 | $96,300 | $179,100 | $274,020 |
| Orland | $1,400 | $2,700 | $22,700 | $122,000 | $199,340 |
| Pleasant Lake | $24,370 | $63,250 | $122,850 | $204,900 | $314,120 |
| Waterloo | $169,010 | $189,575 | $222,700 | $277,700 | $339,800 |
| Wolcottville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Steuben County, Indiana
In Steuben County, IN, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This 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. Homeowners in Steuben County experience a range of tax bills. For instance, the 25th percentile of tax bills is $412, while the 75th percentile reaches $2009, and the 90th percentile goes up to $3716. Comparatively, the highest median tax bill in the county is found in Hamilton at $1396, while Orland has the lowest at $181. These variations can significantly impact homeowners' financial planning and budgeting, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Steuben County Tax Bill
$967
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Steuben County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Angola | $190 | $519 | $1,164 | $2,194 | $3,766 |
| Ashley | $121 | $271 | $570 | $1,119 | $1,558 |
| Fremont | $242 | $466 | $1,027 | $2,300 | $4,401 |
| Hamilton | $320 | $641 | $1,396 | $3,058 | $4,801 |
| Hudson | $134 | $304 | $640 | $1,266 | $2,049 |
| Lagrange | $67 | $168 | $625 | $1,300 | $1,987 |
| Orland | $14 | $28 | $181 | $784 | $1,737 |
| Pleasant Lake | $126 | $285 | $560 | $998 | $1,623 |
| Waterloo | $475 | $750 | $980 | $1,307 | $1,520 |
| Wolcottville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell