Saint Croix, Indiana Property Taxes
The median property tax rate in Saint Croix, IN is 0.93%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $95,200 in Saint Croix, the typical annual property tax bill amounts to $828, which is significantly lower than the national median of $2,690. Property taxes in Saint Croix are calculated based on the assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Saint Croix'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 Saint Croix or another part of Perry County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Croix, 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 Saint Croix Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Saint Croix with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Saint Croix to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Saint Croix, Indiana
Property taxes in Saint Croix, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Croix is 0.93%, slightly lower than the U.S. national median of 0.99%. Local government entities within Saint Croix set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Croix 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. For comparison, the 47576 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these areas compare with Saint Croix provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Croix Tax Rate
0.93%
Average Perry County Tax Rate
0.94%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Croix, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47576 | 0.52% | 0.72% | 0.93% | 1.81% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Saint Croix, Indiana
In Saint Croix, 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 Perry 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 Saint Croix, 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 Saint Croix helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Perry County, the median home price is $95,200. The median tax bill for the 25th percentile is $460, while the 75th percentile sees a tax bill of $1,537. The 90th percentile tax bill reaches $2,283. The zip code with both the highest and lowest median tax bill is 47576, standing at $828.
Average Saint Croix Assessed Value
$95,200
Average Perry County Assessed Value
$97,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Croix, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47576 | $23,300 | $55,650 | $95,200 | $145,200 | $200,700 |
Source: Ownwell
Property Tax Bills Across Saint Croix, Indiana
In Saint Croix, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property’s market value, which is based on factors such as location, size, and condition. For instance, with a median home price of $95,200, homeowners can expect varying tax bills. The 25th percentile tax bill is around $460, while the 75th percentile reaches $1,537, and the 90th percentile can be as high as $2,283. These tax bills are influenced by the local tax rate, which may differ from the national median property tax rate of 0.99%. Property taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners in Saint Croix should be aware of these factors as they affect their annual financial planning and the overall value of their investment in their property.
Average Saint Croix Tax Bill
$828
Average Perry County Tax Bill
$927
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Croix, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47576 | $238 | $460 | $828 | $1,537 | $2,283 |
Source: Ownwell