Pike County, Indiana Property Taxes
The median property tax rate in Pike County is 1.08%, which is higher than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $98,750 in Pike County, the typical annual property tax bill is around $1,051, which is below the national median of $2,690. Property taxes in Pike County are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Pike County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Petersburg or another part of Pike County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pike County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,067
$990
Ownwell’s Pike County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pike County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pike 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 Pike County, Indiana
Property taxes in Pike County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pike County is 1.08%, which is higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Pike County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pike 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. For comparison, the city of Oatsville has one of the higher property tax rates in Indiana at 2.98%, while the city of Huntingburg boasts one of the lowest at 0.94%. Analyzing how Pike County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pike County Tax Rate
1.08%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pike County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arthur | N/A | N/A | N/A | N/A | N/A |
| Hazleton | 0.73% | 0.97% | 1.17% | 1.95% | 2.28% |
| Holland | 0.58% | 0.93% | 1.18% | 1.41% | 1.90% |
| Huntingburg | 0.89% | 0.92% | 0.94% | 1.16% | 1.90% |
| Lynnville | N/A | N/A | N/A | N/A | N/A |
| Oakland City | 0.69% | 0.97% | 1.21% | 1.94% | 2.29% |
| Oatsville | N/A | N/A | N/A | N/A | N/A |
| Otwell | 0.65% | 0.87% | 1.05% | 1.73% | 2.27% |
| Patoka | N/A | N/A | N/A | N/A | N/A |
| Petersburg | 0.56% | 0.93% | 1.07% | 1.88% | 2.47% |
| Spurgeon | 0.71% | 0.97% | 1.91% | 2.12% | 2.96% |
| Stendal | 0.66% | 0.95% | 1.20% | 1.95% | 2.44% |
| Velpen | 0.68% | 0.93% | 1.11% | 1.93% | 2.58% |
| Winslow | 0.57% | 0.89% | 1.09% | 1.89% | 2.62% |
Source: Ownwell
Property Tax Assessment Values Across Pike County, Indiana
In Pike 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 Pike 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 Pike 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. For instance, Lynnville has the highest median tax bill at $3,492, while Oatsville has the lowest at $491. Being aware of these valuation processes in Pike County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Pike County Assessed Value
$98,750
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pike County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arthur | N/A | N/A | N/A | N/A | N/A |
| Hazleton | $13,780 | $33,850 | $86,000 | $154,500 | $206,260 |
| Holland | $90,900 | $111,100 | $134,200 | $211,800 | $228,240 |
| Huntingburg | $88,980 | $170,200 | $212,600 | $270,900 | $357,520 |
| Lynnville | N/A | N/A | N/A | N/A | N/A |
| Oakland City | $33,890 | $67,850 | $116,950 | $174,075 | $215,290 |
| Oatsville | N/A | N/A | N/A | N/A | N/A |
| Otwell | $21,000 | $68,775 | $117,500 | $172,525 | $244,500 |
| Patoka | N/A | N/A | N/A | N/A | N/A |
| Petersburg | $17,100 | $48,800 | $98,400 | $150,800 | $214,020 |
| Spurgeon | $9,340 | $20,375 | $60,700 | $88,650 | $115,500 |
| Stendal | $18,100 | $52,200 | $97,300 | $157,000 | $202,600 |
| Velpen | $8,770 | $33,350 | $104,050 | $155,525 | $205,970 |
| Winslow | $15,000 | $41,175 | $87,700 | $138,900 | $189,100 |
Source: Ownwell
Property Tax Bills Across Pike County, Indiana
In Pike County, IN, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in Pike County is $98,750, which helps illustrate the general property values in the area. Factors considered in determining the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. For instance, tax bills in Pike County can range significantly, with the 25th percentile at $512 and the 75th percentile at $1,806. At the higher end, the 90th percentile tax bill reaches $2,709. Homeowners in Pike County experience varied tax burdens depending on their property's assessed value and location. For example, Lynnville has the highest median tax bill at $3,492, while Oatsville has the lowest at $491. These variations can significantly impact homeowners' annual expenses, making it crucial for property owners to understand their tax obligations and potential exemptions.
Average Pike County Tax Bill
$1,051
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Pike County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arthur | N/A | N/A | N/A | N/A | N/A |
| Hazleton | $164 | $440 | $1,075 | $1,836 | $3,504 |
| Holland | $563 | $1,252 | $1,889 | $2,616 | $2,968 |
| Huntingburg | $1,071 | $1,625 | $2,200 | $2,995 | $3,736 |
| Lynnville | N/A | N/A | N/A | N/A | N/A |
| Oakland City | $398 | $748 | $1,379 | $2,266 | $3,221 |
| Oatsville | N/A | N/A | N/A | N/A | N/A |
| Otwell | $257 | $600 | $1,191 | $2,002 | $3,163 |
| Patoka | N/A | N/A | N/A | N/A | N/A |
| Petersburg | $181 | $515 | $1,027 | $1,775 | $2,634 |
| Spurgeon | $207 | $414 | $764 | $1,106 | $1,382 |
| Stendal | $266 | $543 | $1,117 | $1,932 | $2,893 |
| Velpen | $148 | $448 | $1,119 | $1,936 | $2,878 |
| Winslow | $191 | $458 | $932 | $1,590 | $2,346 |
Source: Ownwell