Randolph County, Indiana Property Taxes
The median property tax rate in Randolph County is 0.98%, which is slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Randolph County at $87,700, the typical annual property tax bill is approximately $890, significantly below the national median of $2,690. Property taxes in Randolph County are calculated based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Randolph County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Winchester or another part of Randolph County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Randolph County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$859
$798
Ownwell’s Randolph County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Randolph County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Randolph County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property’s assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Randolph County, Indiana
Property taxes in Randolph County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Randolph County is 0.98%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Randolph County set these rates annually, and they can vary significantly between different areas within the county. Each year, Randolph County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Randolph County's effective property tax rate with other regions and the national median. For comparison, the city of Saratoga has one of the higher property tax rates in Indiana at 1.67%, while the city of Mooreland boasts one of the lowest at 0.62%. Analyzing how Randolph County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Randolph County Tax Rate
0.98%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Randolph County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | 0.57% | 0.69% | 0.90% | 1.24% | 2.03% |
| Farmland | 0.54% | 0.79% | 0.96% | 1.54% | 1.98% |
| Fountain City | N/A | N/A | N/A | N/A | N/A |
| Losantville | 0.44% | 0.63% | 0.80% | 1.33% | 1.90% |
| Lynn | 0.41% | 0.67% | 0.92% | 1.42% | 2.00% |
| Modoc | 0.40% | 0.62% | 0.83% | 1.34% | 1.90% |
| Mooreland | N/A | N/A | N/A | N/A | N/A |
| Parker City | 0.48% | 0.72% | 0.95% | 1.51% | 1.98% |
| Portland | N/A | N/A | N/A | N/A | N/A |
| Redkey | 0.50% | 0.70% | 0.97% | 1.26% | 2.18% |
| Ridgeville | 0.57% | 0.80% | 1.04% | 1.88% | 2.14% |
| Saratoga | 0.75% | 0.87% | 1.67% | 1.91% | 3.03% |
| Selma | N/A | N/A | N/A | N/A | N/A |
| Union City | 0.53% | 0.83% | 1.01% | 1.93% | 2.18% |
| Williamsburg | 0.23% | 0.53% | 0.77% | 1.13% | 1.33% |
| Winchester | 0.50% | 0.81% | 0.98% | 1.71% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Randolph County, Indiana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Randolph County. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Randolph County Appraisal District. The assessed value, however, 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. Assessment notices in Randolph County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Randolph County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Randolph County, the median home price is $87,700. The cities with the highest and lowest median tax bills are Williamsburg at $1,331 and Saratoga at $325, respectively. The national median property tax rate is 0.99%, providing a useful benchmark for comparison.
Average Randolph County Assessed Value
$87,700
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Randolph County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | $60,650 | $63,000 | $79,050 | $126,250 | $165,350 |
| Farmland | $39,480 | $64,600 | $96,600 | $151,900 | $234,480 |
| Fountain City | N/A | N/A | N/A | N/A | N/A |
| Losantville | $37,600 | $57,625 | $108,300 | $159,650 | $224,920 |
| Lynn | $30,580 | $58,800 | $95,100 | $154,500 | $240,040 |
| Modoc | $23,960 | $54,275 | $114,950 | $182,900 | $280,540 |
| Mooreland | N/A | N/A | N/A | N/A | N/A |
| Parker City | $43,800 | $70,250 | $98,750 | $146,975 | $230,500 |
| Portland | N/A | N/A | N/A | N/A | N/A |
| Redkey | $16,980 | $64,900 | $110,700 | $153,500 | $200,640 |
| Ridgeville | $15,640 | $33,150 | $62,500 | $119,225 | $181,910 |
| Saratoga | $8,560 | $17,525 | $25,250 | $38,025 | $51,190 |
| Selma | N/A | N/A | N/A | N/A | N/A |
| Union City | $29,800 | $45,900 | $69,300 | $115,400 | $179,280 |
| Williamsburg | $72,830 | $105,575 | $142,450 | $211,400 | $354,610 |
| Winchester | $37,480 | $60,400 | $92,300 | $139,000 | $214,420 |
Source: Ownwell
Property Tax Bills Across Randolph County, Indiana
In Randolph County, IN, property tax bills are calculated based on the assessed value of a home. The local assessor determines this value, which is then multiplied by the county's property tax rate to calculate the tax bill. Homeowners in Randolph County experience a range of tax bills, with the 25th percentile at $528 and the 75th percentile at $1,483. For those at the 90th percentile, tax bills can reach up to $2,548. Several factors influence these amounts, including the market value of the property, any applicable exemptions, and the specific tax rate set by local authorities. For example, Williamsburg has the highest median tax bill at $1,331, while Saratoga has the lowest at $325. These variations affect homeowners by influencing their overall cost of living and potentially their decisions on property investments. Compared to the national median property tax rate of 0.99%, Randolph County's tax rates can present both higher and lower financial obligations for residents, depending on their property's assessed value and location within the county.
Average Randolph County Tax Bill
$890
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Randolph County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | $340 | $461 | $835 | $1,416 | $2,088 |
| Farmland | $320 | $611 | $993 | $1,656 | $2,816 |
| Fountain City | N/A | N/A | N/A | N/A | N/A |
| Losantville | $238 | $504 | $888 | $1,342 | $2,070 |
| Lynn | $223 | $508 | $888 | $1,510 | $2,653 |
| Modoc | $217 | $408 | $982 | $1,717 | $3,038 |
| Mooreland | N/A | N/A | N/A | N/A | N/A |
| Parker City | $277 | $550 | $963 | $1,550 | $2,800 |
| Portland | N/A | N/A | N/A | N/A | N/A |
| Redkey | $256 | $506 | $1,048 | $1,646 | $2,618 |
| Ridgeville | $204 | $374 | $668 | $1,269 | $2,238 |
| Saratoga | $156 | $217 | $325 | $490 | $840 |
| Selma | N/A | N/A | N/A | N/A | N/A |
| Union City | $295 | $535 | $788 | $1,268 | $2,143 |
| Williamsburg | $292 | $530 | $1,331 | $2,008 | $3,116 |
| Winchester | $294 | $588 | $959 | $1,553 | $2,661 |
Source: Ownwell