San Pierre, Indiana Property Taxes
The median property tax rate in San Pierre, IN is 0.95%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in San Pierre at $92,800, the typical annual property tax bill is $595, significantly lower than the national median of $2,690. Property taxes in San Pierre are calculated based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding San Pierre'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 San Pierre or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Pierre, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$882
Ownwell’s SAN PIERRE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAN PIERRE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAN PIERRE 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 San Pierre, Indiana
Property taxes in San Pierre, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Pierre is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within San Pierre set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Pierre 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 San Pierre's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46374 zip code has the highest median property tax rate of 0.95%, while the same 46374 zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with San Pierre 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 San Pierre Tax Rate
0.95%
Average Pulaski County Tax Rate
0.66%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Pierre, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46374 | 0.37% | 0.49% | 0.95% | 1.38% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across San Pierre, Indiana
In San Pierre, 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'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 San Pierre, 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 San Pierre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $92,800, with the highest and lowest median tax bills both recorded at $595 in zip code 46374.
Average San Pierre Assessed Value
$92,800
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 San Pierre, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46374 | $22,460 | $55,200 | $92,800 | $116,300 | $145,450 |
Source: Ownwell
Property Tax Bills Across San Pierre, Indiana
In San Pierre, located in Pulaski County, Indiana, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $92,800. Property taxes are determined by multiplying the assessed value by the local tax rate, which is then adjusted by any applicable exemptions or deductions. Homeowners in San Pierre can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $288, while the 75th percentile reaches $1,220, and the 90th percentile can go as high as $2,162. These variations reflect differences in property values and any exemptions or deductions that may apply. Comparing these figures to the national median property tax rate of 0.99%, San Pierre's property taxes are relatively moderate. This variation in tax bills can significantly affect homeowners, influencing their monthly expenses and overall financial planning. Understanding how these factors interplay can help homeowners better manage their property-related costs.
Average San Pierre Tax Bill
$595
Average Pulaski County Tax Bill
$631
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across San Pierre, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46374 | $198 | $288 | $595 | $1,220 | $2,162 |
Source: Ownwell