Auburn, Indiana Property Taxes
The median property tax rate in Auburn, IN is 0.83%, 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 Auburn at $454,000, the typical annual property tax bill reaches $3,949, surpassing the national median of $2,690. Property taxes in Auburn 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 Auburn'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 Auburn 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
Auburn, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$3,768
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Indiana
Property taxes in Auburn, Indiana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46706 has both the highest and lowest median property tax rate of 0.83%. Understanding how these areas compare with Auburn provides valuable insights into the varying tax landscape across Allen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
0.83%
Average Allen County Tax Rate
1.04%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46706 | 0.72% | 0.80% | 0.83% | 0.86% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Indiana
In Auburn, 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 Allen 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 Auburn, 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. Auburn's median home price stands at $454,000, with tax bills ranging significantly. The 25th percentile tax bill is $2,703, while the 75th percentile is $4,861, and the 90th percentile reaches $5,726. The highest median tax bill in Auburn is $3,949 in the 46706 zip code, which also happens to have the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Auburn Assessed Value
$454,000
Average Allen County Assessed Value
$172,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46706 | $227,400 | $327,775 | $454,000 | $563,675 | $648,110 |
Source: Ownwell
Property Tax Bills Across Auburn, Indiana
In Auburn, Allen County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For context, the national median property tax rate is 0.99%. In Auburn, the median home price is $454,000, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile can expect a tax bill around $2,703, while those in the 75th percentile may see bills closer to $4,861. At the 90th percentile, tax bills can reach up to $5,726. The highest and lowest median tax bills in Auburn are both $3,949, found in the zip code 46706. These tax obligations significantly impact homeowners, influencing decisions on purchasing and maintaining property. Understanding these factors can help homeowners better manage their financial planning and property investments.
Average Auburn Tax Bill
$3,949
Average Allen County Tax Bill
$1,797
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46706 | $1,662 | $2,703 | $3,949 | $4,861 | $5,726 |
Source: Ownwell