Attica, Indiana Property Taxes
The median property tax rate in Attica, IN is 0.87%, which is notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $127,850 in Attica, the typical annual property tax bill amounts to $1,124, falling below the national median of $2,690. Property taxes in Attica are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Attica's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're residing in the heart of Attica or elsewhere in Warren County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Attica, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,112
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, Indiana
Property taxes in Attica, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Attica is 0.87%, which is lower than 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 zip code 47918 has both the highest and lowest median property tax rate in the area, standing at 0.87%. Understanding how these cities compare with Attica 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 Attica Tax Rate
0.87%
Average Warren County Tax Rate
0.86%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Attica, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47918 | 0.47% | 0.69% | 0.87% | 1.64% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Attica, 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 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 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 zip code 47918 has the highest and lowest median tax bill, both at $1,124, showcasing a uniform property tax landscape in the area.
Average Attica Assessed Value
$127,850
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 Attica, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47918 | $26,200 | $69,500 | $127,850 | $195,650 | $273,220 |
Source: Ownwell
Property Tax Bills Across Attica, Indiana
In Attica, located in Warren County, IN, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in this area is $127,850, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value, thereby affecting the final tax amount. Homeowners in Attica typically see tax bills ranging from $515 at the 25th percentile to $1,915 at the 75th percentile, with some reaching as high as $3,062 at the 90th percentile. The highest and lowest median tax bills in the region both stand at $1,124, indicating a relatively consistent tax burden across different properties within the same zip code. Compared to the national median property tax rate of 0.99%, Attica's property taxes can be considered moderate, impacting homeowners by contributing to local services such as schools, infrastructure, and emergency services.
Average Attica Tax Bill
$1,124
Average Warren County Tax Bill
$1,064
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Attica, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47918 | $231 | $515 | $1,124 | $1,915 | $3,062 |
Source: Ownwell