Culver, Starke County, Indiana Property Taxes
The median property tax rate in Culver, IN is 0.69%, which is notably lower than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Culver at $136,150, the typical annual property tax bill amounts to $884, falling well below the national median of $2,690. Property taxes in Culver are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a clear understanding of Culver's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Culver or another part of Starke County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Culver, Starke County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$939
$872
Ownwell’s Culver Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Culver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Culver 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 Culver, Starke County, Indiana
Property taxes in Culver, Indiana, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Culver is 0.69%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Culver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Culver 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 Culver's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46511 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Culver provides valuable insights into the varying tax landscape across Starke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Culver Tax Rate
0.69%
Average Starke County Tax Rate
0.83%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Culver, Starke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46511 | 0.37% | 0.50% | 0.69% | 1.04% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Culver, Starke County, Indiana
In Culver, 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 Starke 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 Culver, 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 Culver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46511 has the highest and lowest median tax bill, both standing at $884.
Property Tax Assessment Values Across Culver, Starke County, Indiana
Source: Ownwell
$34,950
$89,725
$144,500
Average Culver Assessed Value
$136,150
Average Starke County Assessed Value
$132,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Culver, Starke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46511 | $55,440 | $96,075 | $136,150 | $197,725 | $254,590 |
Source: Ownwell
Property Tax Bills Across Culver, Starke County, Indiana
In Culver, Indiana, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor. The tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and market conditions. Homeowners in Culver face varying tax bills depending on these factors, with the median home price at $136,150. For example, the 25th percentile of tax bills is approximately $561, while the 75th percentile reaches up to $1,653. At the higher end, the 90th percentile tax bill is around $2,534, indicating significant variability based on property characteristics. Compared to the national median property tax rate of 0.99%, Culver's tax rates can be considered moderate. Homeowners should be aware of these factors as they can significantly impact yearly financial planning and overall homeownership costs.
Average Culver Tax Bill
$884
Average Starke County Tax Bill
$1,097
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Culver, Starke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46511 | $346 | $561 | $884 | $1,653 | $2,534 |
Source: Ownwell