Noble County, Indiana Property Taxes
The median property tax rate in Noble County is 0.71%, which is significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Noble County at $173,300, the typical annual property tax bill is $1,324, considerably less than the national median of $2,690. Property taxes in Noble County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Noble County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Albion or another part of Noble County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Noble County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,230
$1,142
Ownwell’s Noble County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Noble County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Noble 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 Noble County, Indiana
Property taxes in Noble County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Noble County is 0.71%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Noble County set these rates annually, and they can vary significantly between different areas within the county. Each year, Noble 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. The following data compares Noble County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Topeka has one of the higher property tax rates in Indiana at 0.83%, while the city of Wolflake boasts one of the lowest at 0.50%. Analyzing how Noble County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Noble County Tax Rate
0.71%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Noble County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albion | 0.37% | 0.53% | 0.66% | 1.01% | 1.37% |
| Avilla | 0.46% | 0.57% | 0.69% | 0.81% | 1.13% |
| Churubusco | 0.51% | 0.63% | 0.72% | 0.82% | 1.19% |
| Columbia City | 0.33% | 0.51% | 0.64% | 1.35% | 1.37% |
| Corunna | N/A | N/A | N/A | N/A | N/A |
| Cromwell | 0.43% | 0.59% | 0.76% | 1.42% | 1.75% |
| Huntertown | 0.35% | 0.53% | 0.60% | 0.65% | 0.99% |
| Kendallville | 0.41% | 0.55% | 0.72% | 0.94% | 1.60% |
| Kimmell | 0.37% | 0.52% | 0.67% | 1.32% | 1.48% |
| Laotto | 0.39% | 0.49% | 0.59% | 0.71% | 1.12% |
| Larwill | 0.53% | 0.65% | 0.76% | 1.39% | 1.45% |
| Ligonier | 0.50% | 0.63% | 0.80% | 0.98% | 1.61% |
| Millersburg | N/A | N/A | N/A | N/A | N/A |
| Pierceton | 0.41% | 0.58% | 0.73% | 1.41% | 1.46% |
| Rome City | 0.46% | 0.61% | 0.81% | 1.53% | 1.64% |
| Topeka | 0.55% | 0.67% | 0.83% | 1.01% | 1.38% |
| Wawaka | 0.34% | 0.53% | 0.71% | 1.32% | 1.42% |
| Wolcottville | 0.40% | 0.56% | 0.70% | 1.01% | 1.92% |
| Wolflake | 0.27% | 0.38% | 0.50% | 1.34% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Noble County, Indiana
In Noble 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 Noble 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 Noble 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. Being aware of these valuation processes in Noble County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Noble County, the highest median tax bill is found in Topeka at $2,948, while the lowest is in Wolflake at $444. This significant range highlights the importance of understanding your property's assessed value and exploring all available tax relief options.
Average Noble County Assessed Value
$173,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Noble County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albion | $57,900 | $108,350 | $174,500 | $261,100 | $369,760 |
| Avilla | $107,760 | $154,650 | $203,800 | $283,450 | $389,460 |
| Churubusco | $136,940 | $194,700 | $260,750 | $353,150 | $473,370 |
| Columbia City | $59,720 | $113,050 | $181,700 | $302,000 | $401,660 |
| Corunna | N/A | N/A | N/A | N/A | N/A |
| Cromwell | $40,040 | $79,250 | $134,300 | $212,350 | $314,540 |
| Huntertown | $221,620 | $239,250 | $316,000 | $443,250 | $694,780 |
| Kendallville | $87,600 | $115,200 | $159,700 | $226,100 | $325,800 |
| Kimmell | $51,430 | $109,200 | $169,900 | $244,675 | $341,530 |
| Laotto | $101,440 | $154,400 | $233,200 | $324,375 | $448,340 |
| Larwill | $25,080 | $76,400 | $176,200 | $266,800 | $343,500 |
| Ligonier | $80,350 | $114,300 | $170,100 | $265,525 | $392,750 |
| Millersburg | N/A | N/A | N/A | N/A | N/A |
| Pierceton | $53,570 | $105,650 | $152,950 | $220,675 | $248,230 |
| Rome City | $51,620 | $117,050 | $202,500 | $364,200 | $505,420 |
| Topeka | $198,160 | $247,250 | $340,000 | $511,300 | $668,960 |
| Wawaka | $29,280 | $88,350 | $147,600 | $208,000 | $314,740 |
| Wolcottville | $58,050 | $90,775 | $123,900 | $207,050 | $342,700 |
| Wolflake | $21,290 | $72,675 | $91,050 | $113,025 | $166,840 |
Source: Ownwell
Property Tax Bills Across Noble County, Indiana
In Noble County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the county is $173,300. To calculate the tax bill, the assessed value is multiplied by the local property tax rate. Various factors, such as property improvements, location, and market conditions, influence the assessed value. Homeowners in Noble County can expect tax bills that vary significantly. The 25th percentile tax bill is $761, while the 75th percentile reaches $2,112, and the 90th percentile climbs to $3,173. These figures indicate a wide range of property tax burdens among residents, reflecting the diverse property values within the county. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax rates. High property taxes can impact homeowners by increasing their annual expenses, potentially affecting affordability and long-term financial planning.
Average Noble County Tax Bill
$1,324
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Noble County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albion | $299 | $664 | $1,201 | $1,974 | $2,896 |
| Avilla | $566 | $999 | $1,456 | $2,111 | $2,947 |
| Churubusco | $833 | $1,281 | $1,866 | $2,752 | $3,844 |
| Columbia City | $326 | $650 | $1,350 | $2,378 | $3,305 |
| Corunna | N/A | N/A | N/A | N/A | N/A |
| Cromwell | $252 | $590 | $1,063 | $1,849 | $2,879 |
| Huntertown | $959 | $1,275 | $1,789 | $3,213 | $4,621 |
| Kendallville | $439 | $783 | $1,267 | $1,913 | $2,685 |
| Kimmell | $327 | $641 | $1,230 | $2,019 | $3,249 |
| Laotto | $457 | $786 | $1,396 | $2,248 | $3,206 |
| Larwill | $355 | $708 | $1,270 | $2,232 | $2,737 |
| Ligonier | $447 | $861 | $1,489 | $2,334 | $3,518 |
| Millersburg | N/A | N/A | N/A | N/A | N/A |
| Pierceton | $439 | $725 | $1,247 | $1,747 | $2,359 |
| Rome City | $402 | $780 | $1,770 | $3,469 | $5,484 |
| Topeka | $1,256 | $2,066 | $2,948 | $4,289 | $6,857 |
| Wawaka | $244 | $465 | $1,054 | $1,871 | $2,674 |
| Wolcottville | $330 | $644 | $981 | $1,742 | $2,938 |
| Wolflake | $160 | $268 | $444 | $928 | $1,179 |
Source: Ownwell