Orleans, Indiana Property Taxes
The median property tax rate in Orleans, Indiana is 0.66%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $144,900 in Orleans, the typical annual property tax bill is $966, well below the national median of $2,690. Property taxes in Orleans are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Orleans' property tax system, exploring available exemptions, and seeking opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Orleans or another part of Lawrence County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Orleans, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$956
Ownwell’s Orleans Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orleans with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orleans 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 Orleans, Indiana
Property taxes in Orleans, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orleans is 0.66%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Orleans set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orleans 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 Orleans' effective property tax rate to other areas in Indiana and the national median. For comparison, the zip code 47452 has both the highest and the lowest median property tax rate of 0.66%, reflecting a uniform rate across Orleans. Understanding how these rates compare with Orleans provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orleans Tax Rate
0.66%
Average Lawrence County Tax Rate
0.81%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orleans, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47452 | 0.34% | 0.53% | 0.66% | 0.81% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Orleans, Indiana
In Orleans, 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 Lawrence 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 Orleans, 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 Orleans helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 47452 has the highest and lowest median tax bill at $966.
Average Orleans Assessed Value
$144,900
Average Lawrence County Assessed Value
$124,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orleans, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47452 | $76,200 | $103,800 | $144,900 | $186,500 | $241,220 |
Source: Ownwell
Property Tax Bills Across Orleans, Indiana
In Orleans, Lawrence County, IN, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Orleans can expect their property tax bills to vary depending on several factors, including the property's assessed value and the local tax rate. For instance, the median home price in Orleans is $144,900. Property tax bills in this area can range significantly, with the 25th percentile tax bill at $572 and the 75th percentile tax bill at $1,412. The 90th percentile tax bill can go up to $2,122, indicating a wide range of tax obligations among homeowners. Comparatively, the national median property tax rate is 0.99%, and Orleans' property tax bills fall within a range that reflects the local economic conditions. These tax bills directly impact homeowners by influencing their annual financial obligations and the overall affordability of owning property in Orleans.
Average Orleans Tax Bill
$966
Average Lawrence County Tax Bill
$1,042
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Orleans, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47452 | $337 | $572 | $966 | $1,412 | $2,122 |
Source: Ownwell