Warren, Indiana Property Taxes
The median property tax rate in Warren, IN is 0.82%, which is notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $125,700 in Warren, the typical annual property tax bill amounts to $1,007, significantly below the national median of $2,690. Property taxes in Warren are determined based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Warren's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in the heart of Warren or another part of Huntington County, having a solid grasp of the local property tax system will be beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Warren, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,031
Ownwell’s Warren Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warren 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 Warren, Indiana
Property taxes in Warren, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warren is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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. Understanding how these cities compare with Warren 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 Warren Tax Rate
0.82%
Average Huntington County Tax Rate
0.90%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warren, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46792 | 0.42% | 0.60% | 0.82% | 1.24% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Warren, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warren, Indiana. 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 local appraisal district 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 Warren, 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. The median home price in Warren is $125,700, with property tax bills ranging from $505 at the 25th percentile to $2,895 at the 90th percentile. The zip code 46792 has the highest and lowest median tax bill, both at $1,007. 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 Warren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warren Assessed Value
$125,700
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 Warren, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46792 | $44,590 | $85,525 | $125,700 | $190,075 | $284,900 |
Source: Ownwell
Property Tax Bills Across Warren, Indiana
In Warren, located in Huntington County, Indiana, property tax bills are calculated based on the assessed value of the property. The process begins with the county assessor determining the market value of a home, which is then adjusted to reflect its assessed value. This assessed value is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, the median home price in Warren is $125,700. Homeowners in the 25th percentile can expect a tax bill around $505, while those in the 75th percentile may see bills up to $1,781. At the 90th percentile, the tax bill can reach $2,895. Comparatively, the highest and lowest median tax bills in the county are both $1,007, which is significantly lower than the national median property tax rate of 0.99%. These variations can substantially impact homeowners, influencing decisions on purchasing and maintaining property in the area.
Average Warren Tax Bill
$1,007
Average Huntington County Tax Bill
$1,172
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Warren, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46792 | $236 | $505 | $1,007 | $1,781 | $2,895 |
Source: Ownwell