Attica, Tippecanoe County, Indiana Property Taxes
The median property tax rate in Attica, IN is 0.67%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Attica at $121,000, the typical annual property tax bill amounts to $811, which is well below the national median of $2,690. Property taxes in Attica are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Attica's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Attica 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
Attica, Tippecanoe County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$811
$752
Ownwell’s Attica Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Attica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Attica 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 Attica, Tippecanoe County, Indiana
Property taxes in Attica, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Attica is 0.67%, lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Attica set these rates annually, and they can vary significantly across different neighborhoods. Each year, Attica 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 Attica's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47918 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Attica provides valuable insights into the varying tax landscape across Tippecanoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Attica Tax Rate
0.67%
Average Tippecanoe County Tax Rate
0.90%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Attica, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47918 | 0.50% | 0.59% | 0.67% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Attica, Tippecanoe County, Indiana
In Attica, 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 Tippecanoe 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 Attica, 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 Attica 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 $811, found in the 47918 zip code.
Property Tax Assessment Values Across Attica, Tippecanoe County, Indiana
Source: Ownwell
$52,000
$144,800
$237,600
Average Attica Assessed Value
$121,000
Average Tippecanoe County Assessed Value
$169,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Attica, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47918 | $41,920 | $96,400 | $121,000 | $164,600 | $228,520 |
Source: Ownwell
Property Tax Bills Across Attica, Tippecanoe County, Indiana
In Attica, Tippecanoe County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Attica is $121,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in this area can expect to pay a tax bill ranging from $654 at the 25th percentile to $2086 at the 90th percentile. The median property tax bill is $811, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood values, and local tax rates all play a role in determining the assessed value and, consequently, the tax bill. This system ensures that tax contributions are proportionate to property values, impacting homeowners by reflecting changes in the real estate market and local economic conditions.
Average Attica Tax Bill
$811
Average Tippecanoe County Tax Bill
$1,655
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Attica, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47918 | $257 | $654 | $811 | $1,464 | $2,086 |
Source: Ownwell