Jay County, Indiana Property Taxes
The median property tax rate in Jay County is 0.74%, which is significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Jay County at $86,900, the typical annual property tax bill is around $724, well below the national median of $2,690. Property taxes in Jay County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Jay County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Portland or another part of Jay County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jay County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$643
$597
Ownwell’s Jay County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Jay County with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Jay County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Jay County, Indiana
Property taxes in Jay County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Jay County is 0.74%, which is lower than the Indiana state median and the U.S. national median of 0.99%. Local government entities within Jay County set these rates annually, and they can vary significantly between different areas within the county. Each year, Jay County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Jay County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Salamonia has one of the higher property tax rates in Indiana at 1.44%, while the city of Union City boasts one of the lowest at 0.63%. Analyzing how Jay County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Jay County Tax Rate
0.74%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jay County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | N/A | N/A | N/A | N/A | N/A |
| Bryant | 0.35% | 0.55% | 0.83% | 1.37% | 1.89% |
| Dunkirk | 0.31% | 0.63% | 0.85% | 2.16% | 3.40% |
| Geneva | N/A | N/A | N/A | N/A | N/A |
| Montpelier | 0.18% | 0.51% | 0.66% | 0.77% | 0.80% |
| Pennville | 0.38% | 0.51% | 0.74% | 1.60% | 2.34% |
| Portland | 0.32% | 0.50% | 0.69% | 1.38% | 2.05% |
| Redkey | 0.38% | 0.53% | 0.76% | 2.11% | 2.88% |
| Ridgeville | 0.34% | 0.53% | 0.66% | 0.91% | 1.95% |
| Salamonia | 0.34% | 0.40% | 1.44% | 2.08% | 2.46% |
| Union City | 0.24% | 0.38% | 0.63% | 0.94% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Jay County, Indiana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Jay County, Indiana. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Jay County Appraisal District. The assessed value, however, 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. Assessment notices in Jay County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Geneva has the highest median tax bill in the county at $1,496, while Albany has the lowest at $442. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Jay County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Jay County Assessed Value
$86,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jay County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | N/A | N/A | N/A | N/A | N/A |
| Bryant | $25,440 | $59,300 | $129,600 | $217,400 | $292,340 |
| Dunkirk | $21,450 | $40,400 | $60,300 | $91,425 | $128,750 |
| Geneva | N/A | N/A | N/A | N/A | N/A |
| Montpelier | $91,100 | $103,300 | $119,100 | $140,600 | $145,800 |
| Pennville | $21,800 | $42,700 | $72,100 | $122,200 | $181,260 |
| Portland | $42,200 | $63,300 | $97,050 | $149,775 | $226,900 |
| Redkey | $15,950 | $37,850 | $61,750 | $105,375 | $175,500 |
| Ridgeville | $85,380 | $111,700 | $139,100 | $179,600 | $226,600 |
| Salamonia | $9,500 | $30,600 | $60,300 | $87,000 | $111,900 |
| Union City | $62,240 | $96,100 | $162,700 | $203,850 | $303,460 |
Source: Ownwell
Property Tax Bills Across Jay County, Indiana
In Jay County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Jay County, the median home price stands at $86,900. Property tax bills vary significantly, with the 25th percentile at $361 and the 75th percentile reaching $1,279. At the 90th percentile, tax bills can go up to $2,174. Compared to the national median property tax rate of 0.99%, Jay County's rates can be seen as relatively moderate. The city of Geneva within Jay County has the highest median tax bill at $1,496, while Albany has the lowest at $442. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Jay County Tax Bill
$724
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Jay County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | N/A | N/A | N/A | N/A | N/A |
| Bryant | $175 | $428 | $952 | $2,065 | $3,305 |
| Dunkirk | $141 | $342 | $563 | $994 | $1,546 |
| Geneva | N/A | N/A | N/A | N/A | N/A |
| Montpelier | $331 | $544 | $783 | $929 | $970 |
| Pennville | $174 | $300 | $583 | $1,101 | $1,945 |
| Portland | $211 | $394 | $790 | $1,358 | $2,209 |
| Redkey | $164 | $293 | $596 | $991 | $1,638 |
| Ridgeville | $309 | $501 | $856 | $1,605 | $2,553 |
| Salamonia | $195 | $291 | $469 | $866 | $1,532 |
| Union City | $127 | $337 | $1,038 | $1,800 | $3,156 |
Source: Ownwell