Stilesville, Indiana Property Taxes
The median property tax rate in Stilesville, IN is 0.68%, which is notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Stilesville at $164,300, the typical annual property tax bill amounts to $1,154, significantly less than the national median of $2,690. Property taxes in Stilesville 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 Stilesville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stilesville or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stilesville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,117
Ownwell’s Stilesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stilesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stilesville 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 Stilesville, Indiana
Property taxes in Stilesville, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stilesville is 0.68%, lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Stilesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stilesville 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 Stilesville's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46180 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Stilesville provides valuable insights into the varying tax landscape across Hendricks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stilesville Tax Rate
0.68%
Average Hendricks County Tax Rate
0.98%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stilesville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46180 | 0.42% | 0.58% | 0.68% | 1.06% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Stilesville, Indiana
In Stilesville, 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 Hendricks County Assessor's Office 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 Stilesville, 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. In Stilesville, the median home price is $164,300. The zip code 46180 has the highest and lowest median tax bill at $1,154. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stilesville Assessed Value
$164,300
Average Hendricks County Assessed Value
$256,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stilesville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46180 | $52,000 | $111,700 | $164,300 | $248,900 | $362,200 |
Source: Ownwell
Property Tax Bills Across Stilesville, Indiana
In Stilesville, located in Hendricks County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Stilesville can expect their tax bills to vary significantly depending on the assessed value of their homes and the local tax rate. For example, the median home price in Stilesville is $164,300. Property tax bills in the area range from the 25th percentile at $670 to the 75th percentile at $1,904, with the 90th percentile reaching up to $2,858. The highest and lowest median tax bills in the area are both $1,154, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Stilesville's property tax rates can be considered moderate. This affects homeowners by determining how much they need to budget annually for property taxes, impacting their overall cost of homeownership.
Average Stilesville Tax Bill
$1,154
Average Hendricks County Tax Bill
$2,647
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Stilesville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46180 | $310 | $670 | $1,154 | $1,904 | $2,858 |
Source: Ownwell