Russiaville, Carroll County, Indiana Property Taxes

Name: Property Tax Bills Across Russiaville, Carroll County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Russiaville, IN effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Russiaville, IN home value: $190,600
Median annual Russiaville, IN tax bill: $943, $1,457 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll County calculated?

Property taxes in Russiaville, 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 Russiaville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Russiaville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Russiaville, Carroll County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.49%

Estimate Property Tax Bill

$934

$867

Ownwell’s Russiaville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Russiaville with just two data points. By entering your property's estimated assessed value, our calculator applies Russiaville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Carroll County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Russiaville, Carroll County, Indiana

Local government entities set tax rates, and these can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Russiaville, located in Carroll County, Indiana, the effective property tax rate is 0.49%, which is significantly lower than the national median property tax rate of 1.02%. This makes Russiaville a more affordable option for property owners compared to many other areas in the United States. The median property tax bill in Russiaville also tends to be lower than the national median of $2,400, offering residents potential savings. When considering property taxes, understanding these rates and how they compare to other areas can be crucial for homeowners and investors alike.

Property Tax Rates Across Russiaville, Carroll County, Indiana

Source: Ownwell

0.32%

0.68%

1.03%

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 Russiaville Tax Rate

0.49%

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 Russiaville, Carroll County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46979	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Russiaville, Carroll County, Indiana

When examining property taxes in Russiaville, 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. Assessment notices: Carroll County sends assessment notices in the spring each year, typically reaching your mailbox by the middle of April. 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 Russiaville. For example, the median home price in Russiaville is $190,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Russiaville, Carroll County, Indiana

Source: Ownwell

$46,100

$145,900

$245,700

Median Russiaville Market Value

$190,600

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 Russiaville, Carroll County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46979	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Russiaville, Carroll County, Indiana

In Russiaville, located in Carroll County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to establish the annual property tax bill. The median home price in Russiaville is $190,600, which influences the tax bill homeowners receive. Factors such as property improvements, neighborhood developments, and market trends can affect the assessed value, thereby impacting the tax bill. For example, the property tax bill for homeowners in the 25th percentile is $823, while those in the 75th percentile pay around $1,079. Comparatively, the national median property tax bill stands at $2,400, highlighting the relatively lower rates in Russiaville.

Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and market conditions, Ownwell helps identify potential savings, ensuring homeowners pay only their fair share. This service can lead to significant savings, easing the financial burden on homeowners.

Property Tax Bills Across Russiaville, Carroll County, Indiana

Source: Ownwell

$175

$810

$1,445

Median Russiaville Tax Bill

$943

Median Carroll County Tax Bill

$831

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Russiaville, Carroll County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46979	N/A	N/A	N/A	N/A	N/A

Source: Ownwell