Cross Plains, Indiana Property Taxes
The median property tax rate in Cross Plains, IN is 0.75%, 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 Cross Plains being $78,400, the typical annual property tax bill is $548, significantly below the national median of $2,690. Property taxes in Cross Plains are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cross Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cross Plains 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
Cross Plains, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s CROSS PLAINS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CROSS PLAINS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CROSS PLAINS 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 Cross Plains, Indiana
Property taxes in Cross Plains, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cross Plains is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Cross Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cross Plains 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 Cross Plains' effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47017 has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Cross Plains provides valuable insights into the varying tax landscape across Switzerland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cross Plains Tax Rate
0.75%
Average Switzerland County Tax Rate
0.80%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cross Plains, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47017 | 0.46% | 0.57% | 0.75% | 1.21% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Cross Plains, Indiana
In CROSS PLAINS, 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 Switzerland County 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 CROSS PLAINS, 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. CROSS PLAINS has a median home price of $78,400. The tax bills vary, with the 25th percentile at $409 and the 75th percentile at $1,245. The highest and lowest median tax bill, both at $548, are found in zip code 47017. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cross Plains Assessed Value
$78,400
Average Switzerland County Assessed Value
$86,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cross Plains, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47017 | $39,700 | $50,500 | $78,400 | $120,800 | $191,700 |
Source: Ownwell
Property Tax Bills Across Cross Plains, Indiana
In CROSS PLAINS, property tax bills are calculated based on the assessed value of a home, which is determined by Switzerland County's property assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $78,400, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $409 annually, while those at the 75th percentile could see bills as high as $1,245. The top 10% of tax bills can reach up to $2,210. Several factors influence these calculations, including property location, improvements, and market conditions. This variation in tax bills means that homeowners need to budget carefully to accommodate these expenses. Compared to the national median property tax rate of 0.99%, CROSS PLAINS residents may find their tax rates either more manageable or more burdensome, depending on their specific circumstances. This system ensures that property taxes are distributed in a way that reflects the value and condition of individual properties.
Average Cross Plains Tax Bill
$548
Average Switzerland County Tax Bill
$696
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Cross Plains, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47017 | $276 | $409 | $548 | $1,245 | $2,210 |
Source: Ownwell