Crawfordsville, Indiana Property Taxes
The median property tax rate in Crawfordsville, IN is 0.70%, which is significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $266,550 in Crawfordsville, the typical annual property tax bill amounts to $2,012, falling below the national median of $2,690. Property taxes in Crawfordsville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Crawfordsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Crawfordsville or another part of the city, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crawfordsville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,866
Ownwell’s Crawfordsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crawfordsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crawfordsville 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 Crawfordsville, Indiana
Property taxes in Crawfordsville, Indiana, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Crawfordsville is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Crawfordsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crawfordsville 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. Understanding how these cities compare with Crawfordsville provides valuable insights into the varying tax landscape across Fountain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crawfordsville Tax Rate
0.70%
Average Fountain County Tax Rate
0.77%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crawfordsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47933 | 0.53% | 0.57% | 0.70% | 0.87% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Crawfordsville, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crawfordsville, Indiana. 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 Fountain 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 Crawfordsville, 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. For instance, the median home price in Crawfordsville is $266,550, with tax bills ranging from $1,095 at the 25th percentile to $4,810 at the 90th percentile. The highest and lowest median tax bills, both at $2,012, are found in the 47933 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crawfordsville Assessed Value
$266,550
Average Fountain County Assessed Value
$123,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crawfordsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47933 | $167,680 | $190,375 | $266,550 | $389,200 | $528,070 |
Source: Ownwell
Property Tax Bills Across Crawfordsville, Indiana
In Crawfordsville, located in Montgomery County, IN, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. This value reflects the market value of the property. The local tax rate is then applied to the assessed value to calculate the annual tax bill. For instance, with a median home price of $266,550, the tax bill can vary significantly. The 25th percentile tax bill stands at $1,095, while the 75th percentile reaches $3,067, and the 90th percentile climbs to $4,810. These variations depend on factors such as the property's location within the county, any applicable exemptions, and specific local tax rates. Homeowners in Crawfordsville might find their tax bills higher or lower than the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and manage their finances accordingly.
Average Crawfordsville Tax Bill
$2,012
Average Fountain County Tax Bill
$966
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Crawfordsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47933 | $935 | $1,095 | $2,012 | $3,067 | $4,810 |
Source: Ownwell