Hardinsburg, Orange County, Indiana Property Taxes
The median property tax rate in Hardinsburg, IN is 0.80%, which is lower than both the national median of 0.99% and Indiana's state median of 0.99%. With a median home value of $95,800 in Hardinsburg, the typical annual property tax bill is $670, significantly below the national median of $2,690. Property taxes in Hardinsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hardinsburg'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 Hardinsburg or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hardinsburg, Orange County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$766
$711
Ownwell’s Hardinsburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hardinsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hardinsburg to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. 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 Hardinsburg, Orange County, Indiana
Property taxes in Hardinsburg, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hardinsburg is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Hardinsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hardinsburg 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 Hardinsburg's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47125 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Hardinsburg provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hardinsburg Tax Rate
0.80%
Average Orange County Tax Rate
0.80%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardinsburg, Orange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47125 | 0.43% | 0.58% | 0.80% | 1.45% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Hardinsburg, Orange County, Indiana
In Hardinsburg, 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 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 Hardinsburg, 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 Hardinsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $670, found in the 47125 zip code, which is also the lowest median tax bill, emphasizing the uniformity in tax burdens across the region.
Property Tax Assessment Values Across Hardinsburg, Orange County, Indiana
Source: Ownwell
$75,900
$107,350
$138,800
Average Hardinsburg Assessed Value
$95,800
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 Hardinsburg, Orange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47125 | $15,200 | $41,800 | $95,800 | $145,275 | $201,010 |
Source: Ownwell
Property Tax Bills Across Hardinsburg, Orange County, Indiana
In Hardinsburg, located in Orange County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For example, in Hardinsburg, homeowners experience a range of tax bills depending on their property's value. At the 25th percentile, the tax bill is $347, while at the 75th percentile, it rises to $1,156. For those at the 90th percentile, the tax bill can reach up to $1,894. Compared to the national median property tax rate of 0.99%, Hardinsburg's property tax rates can offer significant savings or costs depending on the property's value. These taxes are crucial as they fund local services like schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in the area.
Average Hardinsburg Tax Bill
$670
Average Orange County Tax Bill
$783
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardinsburg, Orange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47125 | $164 | $347 | $670 | $1,156 | $1,894 |
Source: Ownwell