Kewanna, Indiana Property Taxes
The median property tax rate in Kewanna, IN is 0.66%, significantly lower than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Kewanna at $90,800, the typical annual property tax bill is $556, well below the national median of $2,690. Property taxes in Kewanna are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kewanna'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 Kewanna or another part of Pulaski County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kewanna, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$599
Ownwell’s Kewanna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kewanna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kewanna 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 Kewanna, Indiana
Property taxes in Kewanna, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kewanna is 0.66%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Kewanna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kewanna 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 Kewanna's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46939 zip code has both the highest and lowest median property tax rate of 0.66%. Understanding how these rates compare with Kewanna provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kewanna Tax Rate
0.66%
Average Pulaski County Tax Rate
0.66%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kewanna, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46939 | 0.31% | 0.43% | 0.66% | 1.22% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Kewanna, Indiana
In Kewanna, 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 Pulaski 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 Kewanna, 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. For instance, the median home price in Kewanna is $90,800, with tax bills ranging from $298 at the 25th percentile to $1,768 at the 90th percentile. The zip code with both the highest and lowest median tax bills is 46939, with a median tax bill of $556. Being aware of these valuation processes in Kewanna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kewanna Assessed Value
$90,800
Average Pulaski County Assessed Value
$99,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kewanna, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46939 | $23,700 | $51,500 | $90,800 | $145,600 | $244,000 |
Source: Ownwell
Property Tax Bills Across Kewanna, Indiana
In Kewanna, located in Pulaski County, IN, property tax bills are calculated based on the assessed value of a property. This assessed value is determined by local assessors who evaluate the market value of homes and apply a standardized assessment ratio. The tax rate is then applied to this assessed value to calculate the annual tax bill. Various factors, including property size, location, and improvements, influence the assessed value. For homeowners in Kewanna, the median home price is $90,800. The property tax bill can vary significantly, with the 25th percentile tax bill at $298 and the 75th percentile reaching $1,065. At the 90th percentile, homeowners might see a tax bill as high as $1,768. The highest and lowest median tax bills in the area are both $556, reflecting a consistent approach to property tax assessment within the zip code 46939. Comparatively, Kewanna's property tax rate is below the national median of 0.99%, offering some financial relief to homeowners. This lower tax burden can make homeownership more affordable and appealing in this Indiana community.
Average Kewanna Tax Bill
$556
Average Pulaski County Tax Bill
$631
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Kewanna, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46939 | $166 | $298 | $556 | $1,065 | $1,768 |
Source: Ownwell