Roachdale, Indiana Property Taxes
The median property tax rate in Roachdale, IN is 0.76%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Roachdale at $109,800, the typical annual property tax bill reaches $880, significantly below the national median of $2,690. Property taxes in Roachdale are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Roachdale'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 Roachdale or another part of Putnam County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roachdale, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$834
Ownwell’s Roachdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roachdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roachdale 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 Roachdale, Indiana
Property taxes in Roachdale, Indiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Roachdale is 0.76%, which is below the U.S. national median of 0.99%. Local government entities within Roachdale set these rates annually, and they can vary across different neighborhoods. Each year, Roachdale 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 Roachdale's effective property tax rate to other areas and the national median. For comparison, the 46172 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Roachdale provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roachdale Tax Rate
0.76%
Average Putnam County Tax Rate
0.77%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roachdale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46172 | 0.35% | 0.56% | 0.76% | 1.31% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Roachdale, Indiana
In Roachdale, 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 Putnam 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 Roachdale, 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. The median home price in Roachdale is $109,800, with tax bills ranging from $437 at the 25th percentile to $1,534 at the 75th percentile, and up to $2,463 at the 90th percentile. The highest and lowest median tax bills are both $880, found in the zip code 46172. By understanding 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 Roachdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roachdale Assessed Value
$109,800
Average Putnam County Assessed Value
$120,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roachdale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46172 | $37,660 | $69,725 | $109,800 | $170,600 | $238,920 |
Source: Ownwell
Property Tax Bills Across Roachdale, Indiana
In Roachdale, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The median home price in Roachdale is $109,800. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Various factors influence the final tax bill, including property characteristics, location, and applicable exemptions. For homeowners in Roachdale, property tax bills can vary significantly. The 25th percentile tax bill is approximately $437, while the 75th percentile reaches around $1,534. At the higher end, the 90th percentile tax bill can go up to $2,463. These figures highlight the range of possible tax bills homeowners might face. Compared to the national median property tax rate of 0.99%, Roachdale's rates can be seen as relatively moderate, making it an attractive location for homeowners seeking affordability. However, it is essential for homeowners to understand their specific assessed value and any potential exemptions to anticipate their tax obligations accurately.
Average Roachdale Tax Bill
$880
Average Putnam County Tax Bill
$978
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Roachdale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46172 | $218 | $437 | $880 | $1,534 | $2,463 |
Source: Ownwell