North Judson, Indiana Property Taxes
The median property tax rate in North Judson, IN is 0.69%, noticeably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in North Judson at $169,400, the typical annual property tax bill amounts to $1,155, which is below the national median of $2,690. Property taxes in North Judson are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding North Judson'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 North Judson or another part of Pulaski County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Judson, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,169
Ownwell’s North Judson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Judson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Judson 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 North Judson, Indiana
Property taxes in North Judson, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Judson is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within North Judson set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Judson 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 North Judson's effective property tax rate to other areas in Indiana and the national median. For comparison, the zip code 46366 has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these areas compare with North Judson 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 North Judson Tax Rate
0.69%
Average Pulaski County Tax Rate
0.66%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Judson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46366 | 0.44% | 0.56% | 0.69% | 1.16% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across North Judson, Indiana
In North Judson, 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 Appraisal District 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 North Judson, 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 North Judson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in North Judson is $169,400, and the median tax bill is $1,155. The zip code 46366 has the highest and lowest median tax bill at $1,155.
Average North Judson Assessed Value
$169,400
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 North Judson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46366 | $53,400 | $98,750 | $169,400 | $227,500 | $306,720 |
Source: Ownwell
Property Tax Bills Across North Judson, Indiana
In North Judson, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. For instance, if the median home price in North Judson is $169,400, the assessed value will be a portion of this amount, adjusted for any local assessment rules and exemptions. The property tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including the property's location within Pulaski County, local tax rates, and any applicable exemptions or deductions. For example, the tax bill for homeowners in the 25th percentile is around $707, while those in the 75th percentile can expect to pay approximately $2007. Homeowners at the 90th percentile might see tax bills as high as $3020. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how local rates and assessments affect their annual tax obligations.
Average North Judson Tax Bill
$1,155
Average Pulaski County Tax Bill
$631
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across North Judson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46366 | $343 | $707 | $1,155 | $2,007 | $3,020 |
Source: Ownwell