Bethlehem, Indiana Property Taxes
The median property tax rate in Bethlehem, IN is 1.26%, considerably higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Bethlehem at $87,100, the typical annual property tax bill reaches $1,147, exceeding the national median of $2,690. Property taxes in Bethlehem 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 Bethlehem'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 Bethlehem 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
Bethlehem, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,097
Ownwell’s Bethlehem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethlehem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethlehem 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 Bethlehem, Indiana
Property taxes in Bethlehem, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethlehem is 0.75%, lower than both the Indiana state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Bethlehem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethlehem 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 Bethlehem's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47104 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Bethlehem provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethlehem Tax Rate
1.26%
Average Clark County Tax Rate
0.92%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethlehem, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47104 | 0.36% | 0.67% | 1.26% | 1.62% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Bethlehem, Indiana
In Bethlehem, 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 Clark 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 Bethlehem, 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. The median home price in Bethlehem is $87,100, with tax bills ranging from $357 at the 25th percentile to $2,929 at the 90th percentile. The zip code 47104 has both the highest and lowest median tax bill at $1,147. Being aware of these valuation processes in Bethlehem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bethlehem Assessed Value
$87,100
Average Clark County Assessed Value
$205,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethlehem, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47104 | $24,240 | $42,900 | $87,100 | $183,500 | $252,080 |
Source: Ownwell
Property Tax Bills Across Bethlehem, Indiana
Property tax bills in Bethlehem, located in Clark County, Indiana, are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies a standardized assessment ratio. In Bethlehem, homeowners can expect a median home price of $87,100. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property location, improvements, and exemptions play a significant role in determining the final tax amount. For example, the 25th percentile tax bill in Bethlehem stands at $357, while the 75th percentile reaches $1,935, and the 90th percentile peaks at $2,929. These variations indicate how different property values and exemptions can impact the final tax bill. Compared to the national median property tax rate of 0.99%, Bethlehem homeowners may find their tax bills relatively manageable, although individual circumstances can vary significantly.
Average Bethlehem Tax Bill
$1,147
Average Clark County Tax Bill
$1,927
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethlehem, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47104 | $187 | $357 | $1,147 | $1,935 | $2,929 |
Source: Ownwell