Star City, Indiana Property Taxes
The median property tax rate in Star City, IN is 0.59%, significantly lower than both the national median of 0.99% and Indiana's state median of 0.99%. With a median home value of $91,100 in Star City, the typical annual property tax bill amounts to $494, well below the national median of $2,690. Property taxes in Star City are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Star City's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in the heart of Star City or its surrounding areas, grasping the local property tax system will prove advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Star City, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$537
Ownwell’s STAR CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR CITY 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 Star City, Indiana
Property taxes in STAR CITY, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in STAR CITY is 0.59%, lower than both the Indiana state median of 0.81% and the U.S. national median of 0.99%. Local government entities within STAR CITY set these rates annually, and they can vary significantly across different neighborhoods. Each year, STAR CITY 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 STAR CITY's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46985 zip code has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with STAR CITY 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 Star City Tax Rate
0.59%
Average Pulaski County Tax Rate
0.66%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star City, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46985 | 0.24% | 0.37% | 0.59% | 1.13% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Star City, Indiana
In STAR CITY, 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 STAR CITY, 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 highest median tax bill in STAR CITY is $494 in the 46985 zip code, while the lowest is also $494 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Star City Assessed Value
$91,100
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 Star City, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46985 | $15,180 | $44,250 | $91,100 | $149,250 | $223,940 |
Source: Ownwell
Property Tax Bills Across Star City, Indiana
In STAR CITY, located in Pulaski County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in STAR CITY is $91,100, and the property tax rate is influenced by a variety of factors, including local government budgets and school district funding needs. Homeowners in STAR CITY can expect property tax bills that vary widely. For instance, the 25th percentile tax bill is around $199, while the 75th percentile tax bill is approximately $967. Those at the 90th percentile face tax bills as high as $1,596. Interestingly, the highest and lowest median tax bills in the area are both $494, found in the 46985 zip code. Compared to the national median property tax rate of 0.99%, STAR CITY's property tax bills reflect the unique economic and governmental factors at play in Pulaski County, impacting homeowners' annual expenses.
Average Star City Tax Bill
$494
Average Pulaski County Tax Bill
$631
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Star City, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46985 | $107 | $199 | $494 | $967 | $1,596 |
Source: Ownwell