Upland, Indiana Property Taxes
The median property tax rate in Upland, Indiana is 0.74%, notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Upland at $156,100, the typical annual property tax bill amounts to $1,218, which is below the national median of $2,690. Property taxes in Upland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Upland'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 Upland or another part of Grant County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Upland, 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 Upland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Upland 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 Upland, Indiana
Property taxes in Upland, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upland is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Upland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upland 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 Upland's effective property tax rate to other areas in Indiana and the national median. For comparison, the zip code 46989 has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Upland 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 Upland Tax Rate
0.74%
Average Grant County Tax Rate
0.87%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46989 | 0.38% | 0.57% | 0.74% | 1.05% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Upland, Indiana
In Upland, 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 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 Upland, 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 Upland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Upland is $1218, found in zip code 46989, which is also the lowest median tax bill.
Average Upland Assessed Value
$156,100
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 Upland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46989 | $70,680 | $106,950 | $156,100 | $222,375 | $292,210 |
Source: Ownwell
Property Tax Bills Across Upland, Indiana
In Upland, located in Grant County, Indiana, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Upland is $156,100. To calculate the tax bill, the assessed value of the property is multiplied by the local tax rate, which varies within the county. Several factors influence the assessed value, including the property's market value, improvements, and location. Homeowners in Upland experience a range of property tax bills. For instance, the 25th percentile tax bill is $721, while the 75th percentile reaches $1,858, and the 90th percentile can go up to $2,686. These variations highlight how different factors like property size and enhancements can impact the final tax amount. Compared to the national median property tax rate of 0.99%, Upland's property tax bills can significantly affect homeowners' annual expenses, making it crucial for residents to understand how their tax obligations are calculated.
Average Upland Tax Bill
$1,218
Average Grant County Tax Bill
$892
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Upland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46989 | $405 | $721 | $1,218 | $1,858 | $2,686 |
Source: Ownwell