Orland, Indiana Property Taxes
The median property tax rate in Orland, Indiana is 0.95%, slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Orland, the typical annual property tax bill reaches $181, significantly below the national median of $2,690. Property taxes in Orland 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 Orland'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 Orland 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
Orland, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Orland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orland 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 Orland, Indiana
Property taxes in Orland, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orland is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Orland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orland 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 Orland's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46776 zip code has the highest median property tax rate of 0.95%, while the same 46776 zip code has the lowest median tax rate of 0.95%. Understanding how these cities compare with Orland 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 Orland Tax Rate
0.95%
Average Steuben County Tax Rate
0.76%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46776 | 0.39% | 0.60% | 0.95% | 0.97% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Orland, Indiana
In Orland, Indiana, understanding the difference between "market value" and "assessed value" is essential 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 such as location, property condition, and economic trends. This value is estimated by the Steuben County Assessor's Office 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 Orland, 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. Orland's median home price is $22,700, with tax bills ranging from $28 at the 25th percentile to $1,737 at the 90th percentile. The highest and lowest median tax bills are both $181 in the 46776 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Orland Assessed Value
$22,700
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 Orland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46776 | $1,400 | $2,700 | $22,700 | $122,000 | $199,340 |
Source: Ownwell
Property Tax Bills Across Orland, Indiana
In Orland, Steuben County, Indiana, property tax bills are calculated based on the assessed value of your home. This assessed value is determined by local assessors who evaluate the property’s market value. For homeowners in Orland, the median home price is $22,700, significantly lower than the national median. Property tax rates in Orland are applied to this assessed value to determine the tax bill. The tax rate in Indiana is relatively low compared to the national median property tax rate of 0.99%. Consequently, the tax bill can vary widely; the 25th percentile tax bill is as low as $28, while the 75th percentile tax bill reaches $784. For those in the 90th percentile, the tax bill can be as high as $1,737. These property taxes fund essential services like public schools, infrastructure, and emergency services, directly impacting the quality of life in Orland. Homeowners can expect a relatively low tax burden, making it an attractive location for those looking for affordable property taxes.
Average Orland Tax Bill
$181
Average Steuben County Tax Bill
$967
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Orland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46776 | $14 | $28 | $181 | $784 | $1,737 |
Source: Ownwell