Sidney, Indiana Property Taxes
The median property tax rate in Sidney, IN, is 0.85%, 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 $78,800 in Sidney, the typical annual property tax bill is $591, significantly below the national median of $2,690. Property taxes in Sidney are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sidney'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 Sidney or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sidney, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$670
Ownwell’s Sidney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sidney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sidney 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 Sidney, Indiana
Property taxes in Sidney, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sidney is 0.85%, which is lower than both the Indiana state median of 0.89% and the U.S. national median of 0.99%. Local government entities within Sidney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sidney 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 Sidney's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46562 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Sidney 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 Sidney Tax Rate
0.85%
Average Kosciusko County Tax Rate
0.79%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sidney, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46562 | 0.39% | 0.48% | 0.85% | 1.71% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Sidney, Indiana
In Sidney, 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 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 Sidney, 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. With a median home price of $78,800, property tax bills can vary. For instance, tax bills at the 25th percentile are around $307, while those at the 75th percentile reach approximately $1,107. The highest median tax bill is $591 in the 46562 zip code, which also happens to have the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sidney Assessed Value
$78,800
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 Sidney, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46562 | $12,200 | $55,000 | $78,800 | $101,700 | $124,840 |
Source: Ownwell
Property Tax Bills Across Sidney, Indiana
In Sidney, located in Kosciusko County, IN, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value, which is then multiplied by the local property tax rate to calculate the tax bill. For homeowners in Sidney, the median home price is $78,800. Various factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Sidney can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is about $307, while at the 75th percentile, it rises to approximately $1,107. For those at the 90th percentile, the tax bill can reach up to $1,824. These figures highlight the range of potential property tax liabilities for residents, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Sidney's property tax rates can be seen as relatively moderate, providing some financial relief to homeowners in the area.
Average Sidney Tax Bill
$591
Average Kosciusko County Tax Bill
$1,442
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Sidney, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46562 | $117 | $307 | $591 | $1,107 | $1,824 |
Source: Ownwell