Blackford County, Indiana Property Taxes
The median property tax rate in Blackford County is 0.90%, which is slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Blackford County at $92,600, the typical annual property tax bill is approximately $931, significantly below the national median of $2,690. Property taxes in Blackford County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Blackford County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Hartford City or another part of Blackford County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blackford County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$833
$773
Ownwell’s Blackford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Blackford with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Blackford to estimate your property tax bill. This insight 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 Blackford County, Indiana
Property taxes in Blackford County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Blackford County is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Blackford County set these rates annually, and they can vary significantly between different areas within the county. Each year, Blackford 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 Blackford County's effective property tax rate with other areas in Indiana and the national median. For comparison, the city of Dunkirk has one of the higher property tax rates in Indiana at 1.16%, while the city of Marion boasts one of the lowest at 0.72%. Analyzing how Blackford County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Blackford County Tax Rate
0.90%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blackford County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dunkirk | 0.41% | 0.83% | 1.16% | 1.84% | 2.51% |
| Eaton | 0.79% | 0.82% | 0.92% | 1.14% | 1.43% |
| Hartford City | 0.47% | 0.78% | 0.90% | 1.70% | 2.16% |
| Marion | 0.24% | 0.55% | 0.72% | 0.99% | 1.65% |
| Montpelier | 0.47% | 0.67% | 0.87% | 1.69% | 2.37% |
| Muncie | N/A | N/A | N/A | N/A | N/A |
| Pennville | N/A | N/A | N/A | N/A | N/A |
| Upland | 0.58% | 0.73% | 0.87% | 1.24% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Blackford County, Indiana
In Blackford 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 Blackford 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 Blackford 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. For instance, residents of Marion face the highest median tax bill at $1,779, while those in Muncie enjoy the lowest median tax bill at $251. Being aware of these valuation processes in Blackford County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Blackford County, Indiana
Source: Ownwell
$86,600
$167,700
$248,800
Average Blackford County Assessed Value
$92,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blackford County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dunkirk | $26,130 | $58,750 | $94,250 | $154,650 | $253,670 |
| Eaton | $124,520 | $143,950 | $163,550 | $208,975 | $260,080 |
| Hartford City | $28,400 | $56,700 | $93,000 | $156,800 | $227,400 |
| Marion | $144,140 | $179,500 | $248,800 | $264,175 | $304,520 |
| Montpelier | $22,220 | $55,675 | $86,600 | $130,800 | $211,790 |
| Muncie | N/A | N/A | N/A | N/A | N/A |
| Pennville | N/A | N/A | N/A | N/A | N/A |
| Upland | $72,900 | $141,575 | $198,850 | $249,125 | $265,850 |
Source: Ownwell
Property Tax Bills Across Blackford County, Indiana
In Blackford County, IN, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local assessors who evaluate the property's market value. This value is then multiplied by the county's tax rate to determine the annual property tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. Homeowners in Blackford County experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $524, while at the 75th percentile, it rises to $1537. At the 90th percentile, it can reach up to $2484. Comparatively, the national median property tax rate is 0.99%, making Blackford County's figures noteworthy. The highest median tax bill in the region is found in Marion at $1779, whereas the lowest is in Muncie at $251. These variations significantly impact homeowners' annual expenses, influencing their financial planning and property investment decisions.
Average Blackford County Tax Bill
$931
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Blackford County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dunkirk | $251 | $504 | $1,025 | $1,837 | $3,226 |
| Eaton | $1,032 | $1,184 | $1,496 | $2,325 | $2,934 |
| Hartford City | $265 | $546 | $952 | $1,551 | $2,484 |
| Marion | $386 | $933 | $1,779 | $3,296 | $4,662 |
| Montpelier | $208 | $451 | $801 | $1,371 | $2,225 |
| Muncie | N/A | N/A | N/A | N/A | N/A |
| Pennville | N/A | N/A | N/A | N/A | N/A |
| Upland | $595 | $1,093 | $1,692 | $2,244 | $3,166 |
Source: Ownwell