Roachdale, Indiana Property Taxes
The median property tax rate in Roachdale, IN is 0.62%, notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Roachdale at $190,200, the typical annual property tax bill is $1,290, which is significantly less than the national median of $2,690. Property taxes in Roachdale are calculated based on the tax assessed value, which often falls below the market value thanks to various exemptions like the primary residence and agricultural exemptions. Understanding Roachdale'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 Roachdale or another part of Montgomery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roachdale, 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 Roachdale Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Roachdale with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Roachdale to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed data, including neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by Montgomery County, is essential for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Roachdale, Indiana
Property taxes in Roachdale, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roachdale is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Roachdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roachdale 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 Roachdale's effective property tax rate to other areas in Indiana and the national median. For comparison, the zip code 46172 has both the highest and lowest median property tax rate of 0.62%. Understanding how these areas compare with Roachdale 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 Roachdale Tax Rate
0.62%
Average Montgomery County Tax Rate
0.77%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roachdale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46172 | 0.52% | 0.60% | 0.62% | 1.42% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Roachdale, Indiana
In Roachdale, 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 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 Roachdale, 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 Roachdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46172 in Roachdale has both the highest and lowest median tax bill, which is $1,290.
Average Roachdale Assessed Value
$190,200
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 Roachdale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46172 | $124,920 | $136,500 | $190,200 | $229,700 | $277,520 |
Source: Ownwell
Property Tax Bills Across Roachdale, Indiana
In Roachdale, Montgomery County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. They consider factors such as the property's market value, location, and any improvements or renovations made. The median home price in Roachdale is $190,200. Using this assessed value, local tax rates are applied to determine the annual property tax bill. Homeowners in Roachdale can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $950, while the 75th percentile reaches up to $2,734, and the 90th percentile can be as high as $3,113. The highest and lowest median tax bills in the area are both $1,290, indicating some consistency in tax assessments within the zip code 46172. Compared to the national median property tax rate of 0.99%, Roachdale's property taxes can be seen as moderately variable. These tax bills impact homeowners by influencing their overall housing costs and financial planning.
Average Roachdale Tax Bill
$1,290
Average Montgomery County Tax Bill
$1,357
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Roachdale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46172 | $721 | $950 | $1,290 | $2,734 | $3,113 |
Source: Ownwell