Hayden, Indiana Property Taxes
The median property tax rate in Hayden, IN is 0.84%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $90,000 in Hayden, the typical annual property tax bill is $872, falling below the national median of $2,690. Property taxes in Hayden are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Hayden'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 Hayden or another part of Jennings County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hayden, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell's Hayden Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Hayden. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Hayden to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county and includes any applicable exemptions, ensuring you get the most precise tax estimate possible.
Property Tax Rates Across Hayden, Indiana
Property taxes in Hayden, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hayden is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Hayden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hayden 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 Hayden's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47245 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Hayden provides valuable insights into the varying tax landscape across Jennings County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hayden Tax Rate
0.84%
Average Jennings County Tax Rate
0.87%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hayden, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47245 | 0.23% | 0.54% | 0.84% | 1.23% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Hayden, Indiana
In Hayden, 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 Jennings 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 Hayden, 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 Hayden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hayden, the median home price is $90,000, with the highest and lowest median tax bills both at $872 in zip code 47245.
Average Hayden Assessed Value
$90,000
Average Jennings County Assessed Value
$107,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hayden, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47245 | $61,790 | $68,075 | $90,000 | $172,425 | $217,680 |
Source: Ownwell
Property Tax Bills Across Hayden, Indiana
In Hayden, located in Jennings County, Indiana, property tax bills are calculated based on the assessed value of a home. The local government assesses property values to determine the amount homeowners owe. This assessed value is then multiplied by the local property tax rate, which can vary depending on local budgets and needs. For homeowners in Hayden, the median home price is $90,000. Tax bills can vary significantly, with the 25th percentile at $370 and the 75th percentile at $1,747, reflecting the range of property values and tax rates within the area. The 90th percentile tax bill goes up to $2,268, indicating higher-valued properties or higher tax rates in certain parts of the city. Compared to the national median property tax rate of 0.99%, homeowners in Hayden may experience a different tax burden based on these assessed values and local rates. Understanding these factors helps homeowners anticipate their annual property tax expenses and manage their finances accordingly.
Average Hayden Tax Bill
$872
Average Jennings County Tax Bill
$904
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Hayden, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47245 | $220 | $370 | $872 | $1,747 | $2,268 |
Source: Ownwell