Ambia, Warren County, Indiana Property Taxes
The median property tax rate in Ambia, IN is 0.93%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $93,100 in Ambia, the typical annual property tax bill amounts to $922, which is significantly lower than the national median of $2,690. Property taxes in Ambia are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ambia'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 Ambia or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ambia, Warren County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$866
$803
Ownwell’s Ambia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ambia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ambia 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 Ambia, Warren County, Indiana
Property taxes in Ambia, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ambia is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Ambia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ambia 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 Ambia's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47917 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with Ambia provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ambia Tax Rate
0.93%
Average Warren County Tax Rate
0.86%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ambia, Warren County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47917 | 0.48% | 0.68% | 0.93% | 1.48% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Ambia, Warren County, Indiana
In Ambia, 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 Warren 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 Ambia, 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. In Ambia, the median home price is $93,100, with tax bills ranging from $314 at the 25th percentile to $2,140 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ambia, Warren County, Indiana
Source: Ownwell
$57,600
$123,550
$189,500
Average Ambia Assessed Value
$93,100
Average Warren County Assessed Value
$119,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ambia, Warren County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47917 | $15,800 | $47,250 | $93,100 | $154,800 | $213,340 |
Source: Ownwell
Property Tax Bills Across Ambia, Warren County, Indiana
Property tax bills in Ambia, located in Warren County, IN, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is an estimate of the market value of the property, which in Ambia is influenced by factors such as property size, location, and market conditions. For instance, with a median home price of $93,100, homeowners can expect varying tax bills based on their property’s assessed value and the applicable tax rate. In Ambia, property tax bills can range significantly. The 25th percentile of tax bills is around $314, while the 75th percentile reaches $1,537, and the 90th percentile goes up to $2,140. The median tax bill in Ambia, which stands at $922, is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Ambia compared to other regions. Homeowners need to be aware of these factors as they significantly affect annual property tax obligations and overall housing costs.
Average Ambia Tax Bill
$922
Average Warren County Tax Bill
$1,064
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Ambia, Warren County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47917 | $156 | $314 | $922 | $1,537 | $2,140 |
Source: Ownwell