Etna Green, Indiana Property Taxes
The median property tax rate in Etna Green, IN is 0.69%, 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 $195,750 in Etna Green, the typical annual property tax bill amounts to $1,371, significantly below the national median of $2,690. Property taxes in Etna Green 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 Etna Green's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Etna Green or another part of Kosciusko County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Etna Green, 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 Etna Green Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Etna Green with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Etna Green to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more localized trends, scroll down for detailed neighborhood information. Your property’s assessed value is the amount determined by Kosciusko County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Etna Green, Indiana
Property taxes in Etna Green, Indiana, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Etna Green is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Etna Green set these rates annually, and they can vary across different neighborhoods. Each year, Etna Green 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 Etna Green's effective property tax rate to other areas in Indiana and the national median. For comparison, the zip code 46524 has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these areas compare with Etna Green provides valuable insights into the varying tax landscape across Kosciusko County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Etna Green Tax Rate
0.69%
Average Kosciusko County Tax Rate
0.79%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Etna Green, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46524 | 0.46% | 0.56% | 0.69% | 0.91% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Etna Green, Indiana
In Etna Green, 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 Kosciusko 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 Etna Green, 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 Etna Green is $195,750, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $793, while the 75th percentile tax bill is $2,349, and the 90th percentile tax bill reaches $3,631. By understanding 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 Etna Green helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Etna Green Assessed Value
$195,750
Average Kosciusko County Assessed Value
$191,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Etna Green, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46524 | $77,780 | $124,225 | $195,750 | $289,200 | $443,420 |
Source: Ownwell
Property Tax Bills Across Etna Green, Indiana
Property tax bills in Etna Green, situated in Kosciusko County, IN, are calculated based on the assessed value of a property, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. In Etna Green, the median home price stands at $195,750. Homeowners within the 25th percentile can expect a tax bill around $793, while those in the 75th percentile might see bills as high as $2,349. For those in the 90th percentile, tax bills can reach up to $3,631. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Etna Green's property tax rates can significantly affect homeowners' annual expenses. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly. Notably, the highest and lowest median tax bills in the area are both reported at $1,371, indicating a relatively consistent tax environment within the region.
Average Etna Green Tax Bill
$1,371
Average Kosciusko County Tax Bill
$1,442
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Etna Green, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46524 | $423 | $793 | $1,371 | $2,349 | $3,631 |
Source: Ownwell