East Enterprise, Indiana Property Taxes
The median property tax rate in East Enterprise, IN is 1.45%, significantly higher than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in East Enterprise at $66,350, the typical annual property tax bill reaches $636, which is below the national median of $2,690. Property taxes in East Enterprise are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding East Enterprise'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 East Enterprise or another part of Switzerland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Enterprise, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$962
Ownwell’s East Enterprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Enterprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Enterprise 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 East Enterprise, Indiana
Property taxes in East Enterprise, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Enterprise is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Enterprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Enterprise 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 East Enterprise's effective property tax rate to other areas and the national median. For comparison, the zip code 47019 has the same median property tax rate of 1.45%. Understanding how these areas compare with East Enterprise provides valuable insights into the varying tax landscape across Switzerland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Enterprise Tax Rate
1.45%
Average Switzerland County Tax Rate
0.80%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Enterprise, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47019 | 0.50% | 0.80% | 1.45% | 1.46% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across East Enterprise, Indiana
In East Enterprise, 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 Switzerland 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 East Enterprise, 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 East Enterprise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $66,350, with the median tax bill ranging from $412 at the 25th percentile to $1,477 at the 90th percentile. The zip code 47019 has the highest and lowest median tax bill of $636.
Average East Enterprise Assessed Value
$66,350
Average Switzerland County Assessed Value
$86,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Enterprise, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47019 | $31,200 | $47,025 | $66,350 | $96,550 | $126,600 |
Source: Ownwell
Property Tax Bills Across East Enterprise, Indiana
Property tax bills in East Enterprise, located in Switzerland County, IN, are determined based on the assessed value of the property and the local tax rate. The assessed value is an estimate of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. In East Enterprise, the median home price is $66,350. Homeowners can expect their tax bills to vary, with the 25th percentile at $412, the 75th percentile at $686, and the 90th percentile reaching up to $1,477. Several factors influence these tax bills, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, East Enterprise's property tax rates may seem relatively moderate. However, these taxes can still significantly impact homeowners, affecting their overall housing costs and financial planning. Understanding these factors is crucial for homeowners to anticipate their annual expenses and manage their budgets effectively.
Average East Enterprise Tax Bill
$636
Average Switzerland County Tax Bill
$696
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across East Enterprise, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47019 | $288 | $412 | $636 | $686 | $1,477 |
Source: Ownwell