Leavenworth, Crawford County, Indiana Property Taxes
The median property tax rate in Leavenworth, IN is 1.32%, significantly higher than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Leavenworth at $69,850, the typical annual property tax bill amounts to $888, which is below the national median of $2,690. Property taxes in Leavenworth are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Leavenworth's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of Leavenworth or elsewhere in Crawford County, a comprehensive grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leavenworth, Crawford County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$922
$856
Ownwell’s Leavenworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leavenworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leavenworth 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 Leavenworth, Crawford County, Indiana
Property taxes in Leavenworth, Indiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Leavenworth is 0.43%, significantly lower than both the Indiana state median of 0.76% and the U.S. national median of 0.99%. Local government entities within Leavenworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leavenworth 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 Leavenworth's effective property tax rate to other counties in Indiana and the national median. For comparison, the highest median property tax rate in the state is 1.06%, while the lowest median tax rate is 0.43%. Understanding how these cities compare with Leavenworth provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leavenworth Tax Rate
1.32%
Average Crawford County Tax Rate
1.24%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leavenworth, Crawford County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47137 | 0.56% | 0.87% | 1.32% | 2.14% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Leavenworth, Crawford County, Indiana
In Leavenworth, 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 local 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 Leavenworth, 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 Leavenworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $888.00, found in the 47137 zip code.
Property Tax Assessment Values Across Leavenworth, Crawford County, Indiana
Source: Ownwell
$18,000
$53,250
$88,500
Average Leavenworth Assessed Value
$69,850
Average Crawford County Assessed Value
$66,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leavenworth, Crawford County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47137 | $14,210 | $31,650 | $69,850 | $120,500 | $181,800 |
Source: Ownwell
Property Tax Bills Across Leavenworth, Crawford County, Indiana
In Leavenworth, located in Crawford County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. For instance, with a median home price of $69,850, homeowners can expect their property tax bill to be influenced by this valuation. Several factors affect the final tax bill, including the local tax rate and any applicable exemptions or deductions. In this region, property tax bills can vary significantly, with the 25th percentile tax bill at $462 and the 75th percentile reaching up to $1,522. Some homeowners may see tax bills as high as $2,206, especially those with higher-valued properties or fewer exemptions. Compared to the national median property tax rate of 0.99%, Leavenworth's tax rates can impact homeowners differently based on the assessed property value and individual circumstances. This variability in tax bills underscores the importance of understanding local tax regulations and potential exemptions to manage property tax expenses effectively.
Average Leavenworth Tax Bill
$888
Average Crawford County Tax Bill
$769
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Leavenworth, Crawford County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47137 | $230 | $462 | $888 | $1,522 | $2,206 |
Source: Ownwell