Hazleton, Indiana Property Taxes
The median property tax rate in Hazleton, IN is 0.94%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $94,200 in Hazleton, the typical annual property tax bill amounts to $837, which is significantly lower than the national median of $2,690. Property taxes in Hazleton are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hazleton'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 Hazleton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hazleton, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$885
Ownwell’s Hazleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hazleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazleton 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 Hazleton, Indiana
Property taxes in Hazleton, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazleton is 0.94%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Hazleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazleton 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 Hazleton's effective property tax rate to other areas in Indiana and the national median. For comparison, the 47640 zip code has both the highest and lowest median property tax rates of 0.94%, which aligns with Hazleton's rate. Understanding how these areas compare with Hazleton provides valuable insights into the varying tax landscape across Gibson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hazleton Tax Rate
0.94%
Average Gibson County Tax Rate
0.95%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hazleton, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47640 | 0.54% | 0.72% | 0.94% | 1.78% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Hazleton, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hazleton, 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 Gibson County 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 Hazleton, 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 Hazleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $837 in the 47640 zip code, while the lowest median tax bill is also $837 in the same zip code.
Average Hazleton Assessed Value
$94,200
Average Gibson County Assessed Value
$136,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hazleton, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47640 | $13,320 | $49,500 | $94,200 | $144,900 | $205,200 |
Source: Ownwell
Property Tax Bills Across Hazleton, Indiana
In Hazleton, property tax bills are determined based on the assessed value of a home, which is derived from the market value. The median home price in Hazleton stands at $94,200. Property taxes are calculated by applying the local tax rate to the assessed value. Factors such as property size, location, and improvements can affect the assessed value, which in turn influences the tax bill. For homeowners, property tax bills can vary significantly. In Hazleton, the 25th percentile tax bill is $395, while the 75th percentile tax bill is $1,430, and the 90th percentile tax bill reaches $2,279. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax obligations. These tax bills contribute to funding essential public services such as schools, infrastructure, and emergency services. Understanding how property taxes are calculated helps homeowners budget effectively and anticipate future financial commitments.
Average Hazleton Tax Bill
$837
Average Gibson County Tax Bill
$1,336
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Hazleton, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47640 | $174 | $395 | $837 | $1,430 | $2,279 |
Source: Ownwell