Mauckport, Indiana Property Taxes
The median property tax rate in Mauckport, IN is 0.62%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Mauckport at $107,200, the typical annual property tax bill is $574, well below the national median of $2,690. Property taxes in Mauckport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mauckport'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 Mauckport or another part of Harrison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mauckport, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$665
Ownwell’s Mauckport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mauckport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mauckport 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 Mauckport, Indiana
Property taxes in Mauckport, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mauckport is 0.62%, which is below both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Mauckport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mauckport 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 Mauckport's effective property tax rate to other areas in Indiana and the national median. For comparison, the zip code 47142 has both the highest and lowest median property tax rate of 0.62%. Understanding how these areas compare with Mauckport provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mauckport Tax Rate
0.62%
Average Harrison County Tax Rate
0.61%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mauckport, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47142 | 0.30% | 0.43% | 0.62% | 1.04% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Mauckport, Indiana
In Mauckport, 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 Harrison 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 Mauckport, 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 Mauckport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mauckport is $107,200, with the highest median tax bill in zip code 47142 at $574.
Average Mauckport Assessed Value
$107,200
Average Harrison County Assessed Value
$175,400
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mauckport, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47142 | $21,380 | $58,600 | $107,200 | $176,900 | $263,820 |
Source: Ownwell
Property Tax Bills Across Mauckport, Indiana
In Mauckport, located in Harrison County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value considers various factors, including the property's size, location, and condition. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Mauckport, the median home price is $107,200. Property tax bills can vary significantly, with the 25th percentile at $293 and the 75th percentile reaching $1,159. The 90th percentile tax bill is as high as $1,896, indicating a wide range of possible tax liabilities. The median tax bill across the city is $574, which is considerably lower than the national median property tax rate of 0.99%. These property tax bills impact homeowners by contributing to the cost of owning a home, influencing decisions about purchasing, selling, or investing in property improvements. Understanding how these taxes are calculated helps homeowners better manage their financial planning and obligations.
Average Mauckport Tax Bill
$574
Average Harrison County Tax Bill
$1,112
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Mauckport, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47142 | $137 | $293 | $574 | $1,159 | $1,896 |
Source: Ownwell