Crawfordsville, Montgomery County, Indiana Property Taxes
The median property tax rate in Crawfordsville, IN is 0.88%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Crawfordsville at $163,900, the typical annual property tax bill is approximately $1,502, falling below the national median of $2,690. Property taxes in Crawfordsville are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Crawfordsville'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 Crawfordsville or another part of Montgomery County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crawfordsville, Montgomery County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,442
$1,338
Ownwell’s Crawfordsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crawfordsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crawfordsville 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 Crawfordsville, Montgomery County, Indiana
Property taxes in Crawfordsville, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crawfordsville is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Crawfordsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crawfordsville 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 Crawfordsville's effective property tax rate to other areas in Montgomery County and the national median. For comparison, the 47933 zip code has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Crawfordsville provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crawfordsville Tax Rate
0.88%
Average Montgomery County Tax Rate
0.77%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crawfordsville, Montgomery County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47933 | 0.43% | 0.57% | 0.88% | 1.20% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Crawfordsville, Montgomery County, Indiana
In Crawfordsville, 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 Montgomery County Assessor's office 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 Crawfordsville, 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 Crawfordsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $1,502 in the 47933 zip code.
Property Tax Assessment Values Across Crawfordsville, Montgomery County, Indiana
Source: Ownwell
$41,000
$160,550
$280,100
Average Crawfordsville Assessed Value
$163,900
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 Crawfordsville, Montgomery County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47933 | $73,690 | $110,800 | $163,900 | $234,200 | $325,100 |
Source: Ownwell
Property Tax Bills Across Crawfordsville, Montgomery County, Indiana
In Crawfordsville, Montgomery County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value typically reflects a percentage of the property's market value. Homeowners in Crawfordsville face varying tax bills, influenced by the assessed value and specific tax rates set by local taxing authorities. For instance, the median home price in Crawfordsville is $163,900. Property tax bills in the area range widely; at the 25th percentile, homeowners might pay around $853 annually, while those at the 75th percentile could see bills as high as $2,235. The 90th percentile tax bill can reach up to $3,184. These amounts highlight the disparity in tax obligations based on property value and local tax rates. Compared to the national median property tax rate of 0.99%, Crawfordsville's rates can significantly impact homeowners' financial planning and the overall cost of homeownership. Understanding these factors helps residents anticipate their property tax liabilities and budget accordingly.
Average Crawfordsville Tax Bill
$1,502
Average Montgomery County Tax Bill
$1,357
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Crawfordsville, Montgomery County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47933 | $434 | $853 | $1,502 | $2,235 | $3,184 |
Source: Ownwell