Harlan, Indiana Property Taxes
The median property tax rate in Harlan, IN is 0.59%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $173,500 in Harlan, the typical annual property tax bill amounts to $808, which is considerably less than the national median of $2,690. Property taxes in Harlan 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 Harlan'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 Harlan or another part of DeKalb County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harlan, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Harlan Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Harlan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harlan to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Harlan, Indiana
Property taxes in Harlan, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harlan is 0.59%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Harlan set these rates annually, and they can vary across different neighborhoods. Each year, Harlan 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 Harlan's effective property tax rate to other areas in Indiana and the national median. For comparison, the zip code 46743 has both the highest and lowest median property tax rate of 0.59%. Understanding how these areas compare with Harlan provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harlan Tax Rate
0.59%
Average Dekalb County Tax Rate
0.70%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harlan, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46743 | 0.41% | 0.45% | 0.59% | 0.78% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Harlan, Indiana
In Harlan, 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 Harlan, 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 Harlan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Harlan is $808 in zip code 46743, which is significantly lower than the national median property tax rate of 0.99%. The lowest median tax bill is also $808 in the same zip code, indicating a consistent tax environment within the area.
Average Harlan Assessed Value
$173,500
Average Dekalb County Assessed Value
$174,700
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harlan, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46743 | $84,940 | $143,200 | $173,500 | $206,800 | $227,240 |
Source: Ownwell
Property Tax Bills Across Harlan, Indiana
In Harlan, located in DeKalb County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is applied to this assessed value to determine the annual tax bill. The median home price in Harlan is $173,500, and the property tax rate in DeKalb County is relatively moderate compared to the national median property tax rate of 0.99%. For homeowners in Harlan, the 25th percentile of tax bills is $688, while the 75th percentile is $1,122, and the 90th percentile reaches up to $1,670. These figures illustrate the range of property tax bills that homeowners can expect, depending on their property's assessed value and any applicable exemptions. For instance, the highest and lowest median tax bills in the area are both $808, highlighting a level of consistency in tax assessments within the 46743 zip code. Understanding these factors is crucial for homeowners as they budget for annual expenses and consider the overall cost of homeownership in Harlan.
Average Harlan Tax Bill
$808
Average Dekalb County Tax Bill
$1,248
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Harlan, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46743 | $521 | $688 | $808 | $1,122 | $1,670 |
Source: Ownwell