Uniondale, Indiana Property Taxes
The median property tax rate in Uniondale, Indiana is 0.53%, considerably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Uniondale at $220,200, the typical annual property tax bill reaches $1,255, significantly below the national median of $2,690. Property taxes in Uniondale 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 Uniondale'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 Uniondale 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
Uniondale, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,167
Ownwell’s Uniondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Uniondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Uniondale 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 Uniondale, Indiana
Property taxes in Uniondale, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Uniondale is 0.74%, significantly lower than the U.S. national median of 0.99%. Local government entities within Uniondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Uniondale 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 Uniondale's effective property tax rate to other counties in Indiana and the national median. For comparison, the highest median property tax rate in the county is 0.74%, while the lowest median tax rate is also 0.74%. Understanding how these cities compare with Uniondale provides valuable insights into the varying tax landscape across Wells County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Uniondale Tax Rate
0.53%
Average Wells County Tax Rate
0.56%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Uniondale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46791 | 0.36% | 0.45% | 0.53% | 0.66% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Uniondale, Indiana
In Uniondale, 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 Wells 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 Uniondale, 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. For instance, the median home price in Uniondale is $220,200, with tax bills ranging from $717 at the 25th percentile to $2,892 at the 90th percentile. The zip code 46791 has both the highest and lowest median tax bill at $1,255. 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 Uniondale Assessed Value
$220,200
Average Wells County Assessed Value
$188,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Uniondale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46791 | $94,880 | $134,500 | $220,200 | $334,400 | $443,160 |
Source: Ownwell
Property Tax Bills Across Uniondale, Indiana
In Uniondale, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For example, if a home's market value is $220,200, the assessed value would be a fraction of that, depending on local assessment rates. This assessed value is then multiplied by the local property tax rate to calculate the tax bill. Several factors influence the final tax bill, including property location, size, and improvements. In Wells County, where Uniondale is located, the tax bill for the 25th percentile is around $717, while it rises to $1,999 for the 75th percentile and reaches $2,892 for the 90th percentile. These figures show a range of tax burdens depending on property values and other factors. Compared to the national median property tax rate of 0.99%, Uniondale's property tax rates can vary significantly, affecting homeowners differently based on their property's assessed value. Understanding these factors can help homeowners anticipate their tax obligations more accurately.
Average Uniondale Tax Bill
$1,255
Average Wells County Tax Bill
$1,092
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Uniondale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46791 | $370 | $717 | $1,255 | $1,999 | $2,892 |
Source: Ownwell