West Harrison, Indiana Property Taxes
The median property tax rate in West Harrison, IN, is 0.92%, slightly below the national median of 0.99% and matching the Indiana state median. With a median home value of $195,900 in West Harrison, the typical annual property tax bill is $1,839, which is significantly lower than the national median of $2,690. Property taxes in West Harrison are calculated based on the tax assessed value, often reduced by exemptions such as those for primary residences and agricultural properties. Understanding West Harrison'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 West Harrison or another part of Dearborn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Harrison, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,802
Ownwell’s WEST HARRISON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST HARRISON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST HARRISON 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 West Harrison, Indiana
Property taxes in West Harrison, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Harrison is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within the area set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Harrison 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 West Harrison's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47060 has the highest median property tax rate of 0.92%, while the same zip code also represents the lowest median tax rate of 0.92%. Understanding how these cities compare with West Harrison provides valuable insights into the varying tax landscape across Dearborn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Harrison Tax Rate
0.92%
Average Dearborn County Tax Rate
0.95%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Harrison, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47060 | 0.70% | 0.83% | 0.92% | 1.10% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across West Harrison, Indiana
In West Harrison, 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 Dearborn 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 West Harrison, 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 West Harrison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 47060, both at $1839.
Average West Harrison Assessed Value
$195,900
Average Dearborn County Assessed Value
$174,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Harrison, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47060 | $75,500 | $139,100 | $195,900 | $245,200 | $316,960 |
Source: Ownwell
Property Tax Bills Across West Harrison, Indiana
In West Harrison, located in Dearborn County, IN, property tax bills are determined by assessing the market value of a property and then applying the local tax rate to that value. The median home price in this area is $195,900, which serves as a baseline for calculating tax obligations. The assessed value is then multiplied by the local tax rate, which is influenced by various factors including local government budgets and public service needs. Homeowners in West Harrison can expect their tax bills to vary significantly. For instance, those in the 25th percentile pay around $1,294, while those in the 75th percentile face bills closer to $2,557. At the 90th percentile, the tax bill can reach as high as $3,527. These variations depend on property values and specific exemptions or deductions that may apply. Comparatively, the median tax bill in West Harrison is $1,839, which is higher than the national median property tax rate of 0.99%. This can significantly impact homeowners, influencing decisions related to property investment and long-term financial planning.
Average West Harrison Tax Bill
$1,839
Average Dearborn County Tax Bill
$1,720
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across West Harrison, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47060 | $724 | $1,294 | $1,839 | $2,557 | $3,527 |
Source: Ownwell