English, Orange County, Indiana Property Taxes
The median property tax rate in English, Indiana is 1.21%, considerably higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in English at $86,400, the typical annual property tax bill reaches $707, which is notably lower than the national median of $2,690. Property taxes in English are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding English'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 English or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
English, Orange County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,045
$970
Ownwell’s English Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in English with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in English 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 English, Orange County, Indiana
Property taxes in English, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in English is 0.80%, lower than both the Indiana state median of 0.85% and the U.S. national median of 0.99%. Local government entities within English set these rates annually, and they can vary significantly across different neighborhoods. Each year, English 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 English's effective property tax rate to other counties in Indiana and the national median. For comparison, 47118 has the highest median property tax rate of 0.80%, while 47118 also has the lowest median tax rate of 0.80%. Understanding how these cities compare with English provides valuable insights into the varying tax landscape across Orange, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average English Tax Rate
1.21%
Average Orange County Tax Rate
0.80%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across English, Orange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47118 | 0.41% | 0.59% | 1.21% | 1.43% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across English, Orange County, Indiana
In English, 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 Orange County Appraisal District 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. 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 English helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 47118, with a median tax bill of $707.00.
Property Tax Assessment Values Across English, Orange County, Indiana
Source: Ownwell
$75,900
$107,350
$138,800
Average English Assessed Value
$86,400
Average Orange County Assessed Value
$102,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across English, Orange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47118 | $18,300 | $42,175 | $86,400 | $137,850 | $177,900 |
Source: Ownwell
Property Tax Bills Across English, Orange County, Indiana
Property tax bills in English, Orange County, Indiana, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In English, the median home price is $86,400, and property tax rates can vary within the county. Homeowners in the 25th percentile of tax bills pay around $363, while those in the 75th percentile pay approximately $1,206. The highest median tax bill in the area is $707, found in the 47118 zip code. These property taxes fund essential local services like public schools, infrastructure, and emergency services, directly impacting homeowners' quality of life. Compared to the national median property tax rate of 0.99%, English offers a relatively moderate tax environment, making it an attractive option for homeowners seeking affordability.
Average English Tax Bill
$707
Average Orange County Tax Bill
$783
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across English, Orange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47118 | $150 | $363 | $707 | $1,206 | $1,760 |
Source: Ownwell