North Judson, Indiana Property Taxes
The median property tax rate in North Judson, IN is 0.80%, 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 North Judson at $126,900, the typical annual property tax bill is $1,052, significantly below the national median of $2,690. Property taxes in North Judson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Judson'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 North Judson or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Judson, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,015
Ownwell’s North Judson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Judson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Judson 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 North Judson, Indiana
Property taxes in North Judson, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Judson is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within North Judson set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Judson 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 North Judson's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46366 has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with North Judson 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 North Judson Tax Rate
0.80%
Average Starke County Tax Rate
0.83%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Judson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46366 | 0.42% | 0.61% | 0.80% | 1.43% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across North Judson, Indiana
In North Judson, 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'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 North Judson, 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 North Judson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,052, found in the 46366 zip code.
Average North Judson Assessed Value
$126,900
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 North Judson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46366 | $36,860 | $76,000 | $126,900 | $187,775 | $257,540 |
Source: Ownwell
Property Tax Bills Across North Judson, Indiana
In North Judson, located in Starke County, IN, property tax bills are calculated based on the assessed value of your home. The local tax rate is applied to this assessed value to determine your annual tax bill. Several factors influence this process, including the home's market value, any applicable exemptions, and the local tax rate. For instance, the median home price in North Judson is $126,900. Homeowners in this area can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $554, while at the 75th percentile, they can reach up to $1,715. The highest tax bills, at the 90th percentile, soar to approximately $2,534. Compared to the national median property tax rate of 0.99%, North Judson's property tax rates are relatively moderate. Understanding these factors can help homeowners better manage their finances and anticipate future tax obligations.
Average North Judson Tax Bill
$1,052
Average Starke County Tax Bill
$1,097
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across North Judson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46366 | $251 | $554 | $1,052 | $1,715 | $2,534 |
Source: Ownwell