San Pierre, Indiana Property Taxes
The median property tax rate in San Pierre, IN is 0.53%, considerably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in San Pierre at $204,300, the typical annual property tax bill reaches $1,047, well below the national median of $2,690. Property taxes in San Pierre are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding San Pierre'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 San Pierre or another part of Jasper County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Pierre, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,083
Ownwell’s SAN PIERRE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAN PIERRE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAN PIERRE 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 San Pierre, Indiana
Property taxes in San Pierre, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Pierre is 0.53%, lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within San Pierre set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Pierre 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 San Pierre's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46374 has the highest median property tax rate of 0.53%, while the same zip code 46374 also has the lowest median tax rate of 0.53%. Understanding how these cities compare with San Pierre provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Pierre Tax Rate
0.53%
Average Jasper County Tax Rate
0.49%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Pierre, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46374 | 0.33% | 0.43% | 0.53% | 0.61% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across San Pierre, Indiana
In San Pierre, 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 Jasper 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 San Pierre, 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 San Pierre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46374 has the highest and lowest median tax bill, both at $1,047, highlighting the uniformity in tax assessments in the area.
Average San Pierre Assessed Value
$204,300
Average Jasper County Assessed Value
$186,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Pierre, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46374 | $71,800 | $139,100 | $204,300 | $296,900 | $504,500 |
Source: Ownwell
Property Tax Bills Across San Pierre, Indiana
In San Pierre, located in Jasper County, Indiana, 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 determine the annual tax bill. For homeowners in San Pierre, the median home price is $204,300. Property tax bills can vary significantly, with the 25th percentile tax bill at $636 and the 75th percentile reaching $1,726. At the 90th percentile, tax bills can go as high as $2,699. The property tax rate in San Pierre is influenced by various factors, including local government budgets, school funding, and public services. Compared to the national median property tax rate of 0.99%, San Pierre's tax rates can be seen as relatively moderate. Homeowners need to be aware of these factors as they directly impact their annual financial obligations. The highest and lowest median tax bills in the area are both recorded at $1,047 in the 46374 zip code, indicating some consistency within the region.
Average San Pierre Tax Bill
$1,047
Average Jasper County Tax Bill
$974
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across San Pierre, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46374 | $336 | $636 | $1,047 | $1,726 | $2,699 |
Source: Ownwell