Russiaville, Clinton County, Indiana Property Taxes
The median property tax rate in Russiaville, IN is 0.67%, considerably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Russiaville at $140,600, the typical annual property tax bill reaches $944, well below the national median of $2,690. Property taxes in Russiaville 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 Russiaville'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 Russiaville or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Russiaville, Clinton County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$942
$874
Ownwell’s Russiaville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Russiaville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Russiaville 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 Russiaville, Clinton County, Indiana
Property taxes in Russiaville, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Russiaville is 0.67%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Russiaville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Russiaville 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 Russiaville's effective property tax rate to other counties in Indiana and the national median. For comparison, Russiaville has the highest and lowest median property tax rate of 0.67% within the zip code 46979. Understanding how these cities compare with Russiaville provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Russiaville Tax Rate
0.67%
Average Clinton County Tax Rate
0.93%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Russiaville, Clinton County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46979 | 0.44% | 0.52% | 0.67% | 0.83% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Russiaville, Clinton County, Indiana
In Russiaville, 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 Clinton 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 Russiaville, 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 Russiaville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 46979 has the highest median tax bill at $944.00, which can vary based on specific property characteristics.
Property Tax Assessment Values Across Russiaville, Clinton County, Indiana
Source: Ownwell
$50,900
$125,025
$199,150
Average Russiaville Assessed Value
$140,600
Average Clinton County Assessed Value
$124,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Russiaville, Clinton County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46979 | $75,520 | $102,000 | $140,600 | $182,400 | $241,560 |
Source: Ownwell
Property Tax Bills Across Russiaville, Clinton County, Indiana
In Russiaville, located in Clinton County, IN, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Russiaville can expect their property tax rate to be influenced by this assessed value, which is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $140,600, homeowners might see tax bills ranging from $559 at the 25th percentile to $2,079 at the 90th percentile. The median property tax bill in Russiaville is $944, which is lower than the national median property tax rate of 0.99%. These property tax bills are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners need to be aware of how these taxes are calculated, as they can significantly impact the overall cost of owning a home in Russiaville.
Average Russiaville Tax Bill
$944
Average Clinton County Tax Bill
$1,235
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Russiaville, Clinton County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46979 | $401 | $559 | $944 | $1,340 | $2,079 |
Source: Ownwell