Huntington, Huntington County, Indiana Property Taxes
The median property tax rate in Huntington, IN is 0.91%, slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Huntington at $122,800, the typical annual property tax bill amounts to $1,126, falling below the national median of $2,690. Property taxes in Huntington 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 Huntington'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 Huntington 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
Huntington, Huntington County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,117
$1,037
Ownwell’s Huntington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntington 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 Huntington, Huntington County, Indiana
Property taxes in Huntington, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntington is 0.91%, slightly lower than the U.S. national median of 0.99%. Local government entities within Huntington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntington 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 Huntington's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46750 zip code has both the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Huntington provides valuable insights into the varying tax landscape across Huntington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntington Tax Rate
0.91%
Average Huntington County Tax Rate
0.90%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntington, Huntington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46750 | 0.54% | 0.74% | 0.91% | 1.12% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Huntington, Huntington County, Indiana
In Huntington, 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 Huntington 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 Huntington, 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 Huntington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Huntington is $1126 in zip code 46750, which is also the lowest median tax bill. With a median home price of $122,800, Huntington's property tax bills range from $741 at the 25th percentile to $2700 at the 90th percentile. This understanding can significantly aid in managing and potentially reducing your property taxes.
Property Tax Assessment Values Across Huntington, Huntington County, Indiana
Source: Ownwell
$105,500
$151,950
$198,400
Average Huntington Assessed Value
$122,800
Average Huntington County Assessed Value
$130,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntington, Huntington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46750 | $47,360 | $79,800 | $122,800 | $197,500 | $290,240 |
Source: Ownwell
Property Tax Bills Across Huntington, Huntington County, Indiana
In Huntington, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. The median home price in Huntington is $122,800, and the property tax rate in the area is reflective of the national median rate of 0.99%. Several factors influence the final tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rate set by local taxing authorities. For instance, homeowners in the 25th percentile of tax bills pay around $741, while those in the 75th percentile face bills of about $1,815. At the higher end, the 90th percentile sees tax bills as high as $2,700. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding these factors can help homeowners better anticipate their annual financial obligations and plan accordingly.
Average Huntington Tax Bill
$1,126
Average Huntington County Tax Bill
$1,172
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntington, Huntington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46750 | $396 | $741 | $1,126 | $1,815 | $2,700 |
Source: Ownwell