Converse, Grant County, Indiana Property Taxes
The median property tax rate in Converse, IN is 0.89%, slightly below the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Converse at $135,300, the typical annual property tax bill is $1,116, which is less than the national median of $2,690. Property taxes in Converse are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Converse'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 Converse or another part of the city, knowing the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Converse, Grant County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,204
$1,117
Ownwell’s Converse Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Converse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Converse 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 Converse, Grant County, Indiana
Property taxes in Converse, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Converse is 0.89%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Converse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Converse 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 Converse's effective property tax rate to other areas in Indiana and the national median. For comparison, the highest median property tax rate in Grant County is also 0.89%, while the lowest median tax rate is similarly 0.89%. Understanding how these cities compare with Converse provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Converse Tax Rate
0.89%
Average Grant County Tax Rate
0.87%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Converse, Grant County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46919 | 0.39% | 0.64% | 0.89% | 1.21% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Converse, Grant County, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Converse, Indiana. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Grant 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 Converse, 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. For instance, the zip code 46919 has a median tax bill of $1,116. Being aware of these valuation processes in Converse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Converse, Grant County, Indiana
Source: Ownwell
$42,400
$136,850
$231,300
Average Converse Assessed Value
$135,300
Average Grant County Assessed Value
$99,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Converse, Grant County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46919 | $61,320 | $92,600 | $135,300 | $183,100 | $265,340 |
Source: Ownwell
Property Tax Bills Across Converse, Grant County, Indiana
Property tax bills in Converse, located in Grant County, Indiana, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and condition influence the assessed value, while local government budgets and school funding needs affect the tax rate. For homeowners in Converse, the median home price is $135,300, leading to varying tax bills. The tax bill at the 25th percentile is $627, while at the 75th percentile, it reaches $1,888. For those in the 90th percentile, tax bills can be as high as $3,180. Compared to the national median property tax rate of 0.99%, Converse offers relatively moderate property tax rates, making it an attractive option for homeowners. Understanding these factors helps homeowners anticipate their financial responsibilities and manage their budgets effectively.
Average Converse Tax Bill
$1,116
Average Grant County Tax Bill
$892
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Converse, Grant County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46919 | $318 | $627 | $1,116 | $1,888 | $3,180 |
Source: Ownwell