Hazleton, Indiana Property Taxes
The median property tax rate in Hazleton, IN is 1.17%, considerably higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Hazleton at $86,000, the typical annual property tax bill reaches $1,075, which is lower than the national median of $2,690. Property taxes in Hazleton 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 Hazleton'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 Hazleton 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
Hazleton, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,006
Ownwell’s Hazleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hazleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazleton 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 Hazleton, Indiana
Property taxes in Hazleton, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazleton is 1.17%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Hazleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazleton 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 Hazleton's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47640 zip code has the highest median property tax rate of 1.17%, while the 47640 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Hazleton provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hazleton Tax Rate
1.17%
Average Pike County Tax Rate
1.08%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hazleton, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47640 | 0.73% | 0.97% | 1.17% | 1.95% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Hazleton, Indiana
In Hazleton, 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 Pike County Assessor's Office 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 Hazleton, 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 Hazleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 47640 has the highest median tax bill at $1,075, while the lowest median tax bill is also $1,075 in the same zip code.
Average Hazleton Assessed Value
$86,000
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 Hazleton, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47640 | $13,780 | $33,850 | $86,000 | $154,500 | $206,260 |
Source: Ownwell
Property Tax Bills Across Hazleton, Indiana
In Hazleton, located in Pike 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 and apply the county's assessment rate. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Hazleton, property tax bills can vary significantly. The median home price in the area is $86,000. At the lower end, the 25th percentile tax bill is around $440, while at the higher end, the 75th percentile tax bill reaches approximately $1,836. The 90th percentile tax bill can go up to $3,504. Compared to the national median property tax rate of 0.99%, these figures provide a clear picture of the local tax burden. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Hazleton Tax Bill
$1,075
Average Pike County Tax Bill
$1,051
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Hazleton, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47640 | $164 | $440 | $1,075 | $1,836 | $3,504 |
Source: Ownwell