Montgomery County Property Taxes
The median property tax rate in Montgomery County is 0.77%, 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 $158,100 in Montgomery County, the typical annual property tax bill is approximately $1,357, significantly below the national median of $2,690. Property taxes in Montgomery County are determined based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Montgomery County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Crawfordsville or another part of Montgomery County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Montgomery County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,217
Ownwell’s Montgomery County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Montgomery County with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Montgomery 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 Montgomery County, Indiana
Property taxes in Montgomery County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Montgomery County is 0.77%, which is lower than the Indiana state median and the U.S. national median of 0.99%. Local government entities within Montgomery County set these rates annually, and they can vary significantly between different areas within the county. Each year, Montgomery 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. For comparison, the city of Alamo has one of the higher property tax rates in Indiana at 1.96%, while the city of Romney boasts one of the lowest at 0.55%. Analyzing how Montgomery County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Montgomery County Tax Rate
0.77%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montgomery County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alamo | 0.47% | 0.61% | 1.96% | 2.02% | 2.38% |
| Clarks Hill | 0.46% | 0.56% | 0.64% | 0.78% | 1.30% |
| Colfax | 0.47% | 0.56% | 0.69% | 1.05% | 1.68% |
| Crawfordsville | 0.43% | 0.57% | 0.88% | 1.20% | 2.14% |
| Darlington | 0.35% | 0.47% | 0.59% | 0.87% | 1.58% |
| Hillsboro | 0.53% | 0.53% | 0.60% | 1.17% | 3.29% |
| Ladoga | 0.42% | 0.54% | 0.66% | 0.97% | 1.81% |
| Linden | 0.39% | 0.49% | 0.64% | 1.03% | 1.89% |
| New Market | 0.28% | 0.48% | 0.62% | 0.83% | 1.91% |
| New Richmond | 0.44% | 0.52% | 0.66% | 1.02% | 1.81% |
| New Ross | 0.36% | 0.48% | 0.60% | 0.93% | 1.51% |
| Roachdale | 0.52% | 0.60% | 0.62% | 1.42% | 1.50% |
| Romney | 0.32% | 0.46% | 0.55% | 1.28% | 1.35% |
| Russellville | 0.62% | 0.79% | 1.08% | 1.20% | 1.28% |
| Thorntown | 0.50% | 0.53% | 0.61% | 0.68% | 0.73% |
| Waveland | 0.37% | 0.47% | 0.66% | 1.23% | 1.94% |
| Waynetown | 0.35% | 0.47% | 0.58% | 0.81% | 1.75% |
| Wingate | 0.38% | 0.46% | 0.64% | 1.35% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Montgomery County, Indiana
In Montgomery County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Montgomery 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 Montgomery 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Russellville has the highest median tax bill at $4,122, while Alamo has the lowest at $367. Being aware of these valuation processes in Montgomery County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Montgomery County, Indiana
Source: Ownwell
$41,000
$211,900
$382,800
Average Montgomery County Assessed Value
$158,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montgomery County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alamo | $6,460 | $17,850 | $41,000 | $57,500 | $79,340 |
| Clarks Hill | $112,820 | $236,500 | $280,100 | $321,200 | $393,080 |
| Colfax | $85,420 | $180,775 | $229,050 | $276,000 | $447,690 |
| Crawfordsville | $73,690 | $110,800 | $163,900 | $234,200 | $325,100 |
| Darlington | $72,680 | $107,075 | $151,950 | $231,450 | $346,320 |
| Hillsboro | $94,100 | $164,150 | $199,400 | $242,950 | $353,100 |
| Ladoga | $70,520 | $107,100 | $166,700 | $258,300 | $359,220 |
| Linden | $54,200 | $85,200 | $116,700 | $179,750 | $275,700 |
| New Market | $62,900 | $89,150 | $114,100 | $143,600 | $193,020 |
| New Richmond | $64,620 | $89,000 | $135,600 | $224,100 | $317,400 |
| New Ross | $64,000 | $104,825 | $165,300 | $254,225 | $331,210 |
| Roachdale | $124,920 | $136,500 | $190,200 | $229,700 | $277,520 |
| Romney | $133,520 | $135,000 | $208,700 | $260,900 | $417,860 |
| Russellville | $192,720 | $264,000 | $382,800 | $440,850 | $475,680 |
| Thorntown | $150,870 | $168,550 | $192,950 | $223,300 | $332,950 |
| Waveland | $47,450 | $70,250 | $116,800 | $192,225 | $312,090 |
| Waynetown | $73,990 | $105,525 | $146,000 | $210,350 | $322,120 |
| Wingate | $41,270 | $69,050 | $109,950 | $202,550 | $313,030 |
Source: Ownwell
Property Tax Bills Across Montgomery County, Indiana
In Montgomery County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax bill is influenced by various factors, including the property's market value, assessment ratio, and the local tax rate. Homeowners in Montgomery County can expect their property tax rates to be relatively close to the national median property tax rate of 0.99%. For example, with a median home price of $158,100, homeowners in the 25th percentile might pay around $719 annually, while those in the 75th percentile could see tax bills of approximately $2,120. At the higher end, the 90th percentile tax bill reaches about $3,135. These figures show a significant range, reflecting the diverse property values within the county. Understanding these factors is crucial for homeowners as they directly impact the affordability and financial planning associated with homeownership in Montgomery County. Comparing these rates to the national context highlights the relative burden or relief experienced by local homeowners.
Average Montgomery County Tax Bill
$1,357
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Montgomery County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alamo | $104 | $196 | $367 | $602 | $1,118 |
| Clarks Hill | $1,104 | $1,346 | $1,667 | $2,412 | $3,494 |
| Colfax | $655 | $1,087 | $1,598 | $2,592 | $3,871 |
| Crawfordsville | $434 | $853 | $1,502 | $2,235 | $3,184 |
| Darlington | $295 | $540 | $992 | $1,747 | $3,195 |
| Hillsboro | $1,116 | $1,297 | $1,761 | $1,903 | $2,331 |
| Ladoga | $371 | $679 | $1,241 | $2,085 | $3,224 |
| Linden | $296 | $419 | $889 | $1,595 | $2,548 |
| New Market | $240 | $424 | $725 | $1,219 | $1,904 |
| New Richmond | $333 | $575 | $1,076 | $1,737 | $2,904 |
| New Ross | $296 | $614 | $1,055 | $1,850 | $2,597 |
| Roachdale | $721 | $950 | $1,290 | $2,734 | $3,113 |
| Romney | $426 | $613 | $1,241 | $1,929 | $5,005 |
| Russellville | $1,415 | $2,430 | $4,122 | $5,384 | $6,141 |
| Thorntown | $827 | $1,173 | $1,211 | $1,258 | $2,180 |
| Waveland | $235 | $396 | $901 | $1,671 | $3,190 |
| Waynetown | $293 | $528 | $942 | $1,643 | $3,026 |
| Wingate | $252 | $394 | $797 | $1,622 | $2,694 |
Source: Ownwell