Roanoke, Huntington County, Indiana Property Taxes
The median property tax rate in Roanoke, IN is 0.86%, slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Roanoke at $198,400, the typical annual property tax bill reaches $1,812, which is below the national median of $2,690. Property taxes in Roanoke 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 Roanoke'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 Roanoke 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
Roanoke, Huntington County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,706
$1,583
Ownwell’s Roanoke Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roanoke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roanoke 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 Roanoke, Huntington County, Indiana
Property taxes in Roanoke, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roanoke is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Roanoke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roanoke 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 Roanoke's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46783 zip code has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Roanoke 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 Roanoke Tax Rate
0.86%
Average Huntington County Tax Rate
0.90%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roanoke, Huntington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46783 | 0.60% | 0.73% | 0.86% | 0.95% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Roanoke, Huntington County, Indiana
In Roanoke, 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 Roanoke, 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 Roanoke helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46783 has both the highest and lowest median tax bill at $1,812, providing a benchmark for comparison.
Property Tax Assessment Values Across Roanoke, Huntington County, Indiana
Source: Ownwell
$105,500
$151,950
$198,400
Average Roanoke Assessed Value
$198,400
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 Roanoke, Huntington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46783 | $99,800 | $145,800 | $198,400 | $302,200 | $417,180 |
Source: Ownwell
Property Tax Bills Across Roanoke, Huntington County, Indiana
In Roanoke, Huntington County, IN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is periodically evaluated by county assessors. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and the local tax rate set by the county. For example, in Roanoke, the median home price is $198,400. Homeowners in the 25th percentile can expect a tax bill around $1,272, while those in the 75th percentile might see a bill closer to $2,578. At the 90th percentile, tax bills can reach up to $3,633. The highest and lowest median tax bills in the area are both $1,812, indicating a consistent rate across different neighborhoods. These property taxes significantly impact homeowners, influencing their annual budgeting and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Roanoke's tax rates are relatively moderate, offering a balanced approach to funding local services while maintaining affordability for residents.
Average Roanoke Tax Bill
$1,812
Average Huntington County Tax Bill
$1,172
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Roanoke, Huntington County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46783 | $656 | $1,272 | $1,812 | $2,578 | $3,633 |
Source: Ownwell