Upland, Blackford County, Indiana Property Taxes
The median property tax rate in Upland, IN is 0.87%, slightly below the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Upland at $198,850, the typical annual property tax bill amounts to $1,692, which is lower than the national median of $2,690. Property taxes in Upland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Upland'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 Upland 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
Upland, Blackford County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,730
$1,605
Ownwell’s Upland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Upland 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 Upland, Blackford County, Indiana
Property taxes in Upland, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upland is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Upland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upland 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 Upland's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46989 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Upland provides valuable insights into the varying tax landscape across Blackford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Upland Tax Rate
0.87%
Average Blackford County Tax Rate
0.90%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upland, Blackford County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46989 | 0.58% | 0.73% | 0.87% | 1.24% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Upland, Blackford County, Indiana
In Upland, 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 Blackford County Appraisal District 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 Upland, 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 Upland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Upland are both $1,692, found in the 46989 zip code.
Property Tax Assessment Values Across Upland, Blackford County, Indiana
Source: Ownwell
$86,600
$167,700
$248,800
Average Upland Assessed Value
$198,850
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 Upland, Blackford County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46989 | $72,900 | $141,575 | $198,850 | $249,125 | $265,850 |
Source: Ownwell
Property Tax Bills Across Upland, Blackford County, Indiana
In Upland, located in Blackford County, Indiana, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. Factors such as the home's assessed value, which is based on market conditions and property characteristics, play a significant role in calculating the tax bill. The median home price in Upland is $198,850, and the tax rate in the area is reflective of Indiana's overall approach to property taxation. Homeowners in Upland can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,093, while the 75th percentile reaches up to $2,244. For those in the 90th percentile, the tax bill can go as high as $3,166. Comparatively, the national median property tax rate is 0.99%, making Upland's property taxes relatively moderate. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Upland Tax Bill
$1,692
Average Blackford County Tax Bill
$931
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Upland, Blackford County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46989 | $595 | $1,093 | $1,692 | $2,244 | $3,166 |
Source: Ownwell