Cutler, Carroll County, Indiana Property Taxes
Median Cutler, IN effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Cutler, IN home value: $174,800
Median annual Cutler, IN tax bill: $967, $1,433 lower than the national median property tax bill of $2,400.
How are property taxes in Carroll County calculated?
Property taxes in Cutler, IN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cutler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cutler, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cutler, Carroll County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$961
$892
Property Tax Rates Across Cutler, Carroll County, Indiana
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Cutler, located in Carroll County, Indiana, the effective property tax rate is a reflection of this process. With a median property tax rate of 0.55%, Cutler stands out when compared to other cities in Indiana and the national median property tax rate of 1.02%. The rate in Cutler is notably lower than the national median, offering potential savings for property owners in the area. This can be an attractive aspect for those considering relocation or investment in Cutler, as it suggests a more affordable property tax environment compared to many other parts of the country.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cutler Tax Rate
0.55%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Carroll County Tax Rate
0.65%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cutler, Carroll County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46920 | 0.35% | 0.46% | 0.55% | 0.80% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Cutler, Carroll County, Indiana
When examining property taxes in Cutler, Indiana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Carroll County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Carroll County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cutler. For example, the median home price in Cutler is $174,800, with tax bills ranging significantly across the county. Zip code 46920 has the highest median home price at $174,800.
Property Tax Assessment Values Across Cutler, Carroll County, Indiana
Source: Ownwell
$46,100
$145,900
$245,700
Median Cutler Market Value
$174,800
Median Carroll County Market Value
$127,000
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cutler, Carroll County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46920 | $43,060 | $101,150 | $174,800 | $242,050 | $327,920 |
Source: Ownwell
Property Tax Bills Across Cutler, Carroll County, Indiana
Median Cutler Tax Bill
$967
Median Carroll County Tax Bill
$831
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Cutler, Carroll County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46920 | $192 | $510 | $967 | $1,537 | $2,211 |
Source: Ownwell