Huntington, Indiana Property Taxes
The median property tax rate in Huntington, IN is 0.72%, lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Huntington at $210,050, the typical annual property tax bill is $1,411, significantly below the national median of $2,690. Property taxes in Huntington are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Huntington'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 Huntington 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
Huntington, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,512
Ownwell’s Huntington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntington 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 Huntington, Indiana
Property taxes in Huntington, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntington is 0.72%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Huntington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntington 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 Huntington's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46750 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Huntington provides valuable insights into the varying tax landscape across Huntington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntington Tax Rate
0.72%
Average Whitley County Tax Rate
0.80%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntington, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46750 | 0.49% | 0.61% | 0.72% | 0.79% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Huntington, Indiana
In Huntington, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 local assessment office 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 Huntington, 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. The median home price in Huntington is $210,050, with tax bills ranging from $1,079 at the 25th percentile to $5,308 at the 90th percentile. Notably, the highest and lowest median tax bills in Huntington are both $1,411, found in the 46750 zip code. 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 Huntington Assessed Value
$210,050
Average Whitley County Assessed Value
$192,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntington, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46750 | $118,900 | $173,100 | $210,050 | $289,675 | $473,900 |
Source: Ownwell
Property Tax Bills Across Huntington, Indiana
In Huntington, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the home. The property tax rate in Huntington is then applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the size, age, and condition of the property, as well as recent sales of comparable properties in the area. Homeowners in Huntington can expect tax bills that reflect these assessments. For example, the tax bill for the 25th percentile is around $1,079, while those in the 75th percentile pay approximately $2,293. The 90th percentile sees tax bills as high as $5,308. Compared to the national median property tax rate of 0.99%, Huntington's property tax rates can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Huntington Tax Bill
$1,411
Average Whitley County Tax Bill
$1,635
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntington, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46750 | $641 | $1,079 | $1,411 | $2,293 | $5,308 |
Source: Ownwell