Angola, Indiana Property Taxes
The median property tax rate in Angola, IN is 0.77%, notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Angola, the typical annual property tax bill reaches $1,164, which is significantly below the national median of $2,690. Property taxes in Angola 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 Angola'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 Angola 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
Angola, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,392
Ownwell’s Angola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Angola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Angola 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 Angola, Indiana
Property taxes in Angola, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Angola is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Angola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Angola 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 Angola's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46703 zip code has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Angola provides valuable insights into the varying tax landscape across Steuben County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Angola Tax Rate
0.77%
Average Steuben County Tax Rate
0.76%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Angola, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46703 | 0.35% | 0.46% | 0.77% | 0.88% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Angola, Indiana
In Angola, 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 Angola, 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 Angola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Angola is $180,800, with tax bills ranging significantly. The highest and lowest median tax bills are both $1,164, found in the 46703 zip code.
Average Angola Assessed Value
$180,800
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 Angola, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46703 | $28,600 | $90,000 | $180,800 | $309,000 | $524,480 |
Source: Ownwell
Property Tax Bills Across Angola, Indiana
In Angola, located in Steuben County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $180,800, homeowners can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Factors such as property size, location, and improvements made to the property play a significant role in determining the assessed value. For Angola residents, the tax bill can range significantly. The 25th percentile tax bill is around $519, while the 75th percentile reaches up to $2,194. At the higher end, the 90th percentile tax bill can climb to $3,766. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, directly affecting the community's quality of life. The median tax bill in Angola stands at $1,164, which is relatively moderate compared to the national median property tax rate of 0.99%.
Average Angola Tax Bill
$1,164
Average Steuben County Tax Bill
$967
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Angola, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46703 | $190 | $519 | $1,164 | $2,194 | $3,766 |
Source: Ownwell