Akron, Miami County, Indiana Property Taxes

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

Median Akron, IN effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Akron, IN home value: $172,100
Median annual Akron, IN tax bill: $1,397, $1,003 lower than the national median property tax bill of $2,400.

How are property taxes in Miami County calculated?

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

Last Updated March 1, 2025

Akron, Miami County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$1,360

$1,262

Ownwell’s Akron Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Akron with just two data points. By entering your property's estimated assessed value, our calculator applies Akron’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 Miami County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Akron, Miami County, Indiana

Local government entities set tax rates, which can vary widely within a state. This is because annually, 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 Akron, located in Miami County, Indiana, the effective property tax rate stands at 0.79%. This is notably lower than the national median property tax rate of 1.02%. With Indiana's median property tax rate also at 0.79%, Akron aligns with the state average, offering residents a relatively affordable property tax bill compared to the national median of $2400. This consistency within the state means that property owners in Akron can expect a predictable and manageable property tax burden.

Below, you can compare Akron’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Property Tax Rates Across Akron, Miami County, Indiana

Source: Ownwell

0.37%

0.75%

1.14%

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 Akron Tax Rate

0.79%

Median Effective Miami County Tax Rate

0.80%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Akron, Miami County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46910	0.58%	0.66%	0.79%	1.24%	1.53%

Source: Ownwell

Property Tax Assessment Values Across Akron, Miami County, Indiana

When examining property taxes in Akron, 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 Miami County appraisal district 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 Miami County, assessment notices are sent in the spring each year. They’ll typically reach 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 Akron.

For example, the median home price in Akron is $172,100, with tax bills ranging significantly across the county. Zip code 46910 has the highest median home price at $172,100.

Property Tax Assessment Values Across Akron, Miami County, Indiana

Source: Ownwell

$24,850

$98,475

$172,100

Median Akron Market Value

$172,100

Median Miami County Market Value

$92,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Akron, Miami County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46910	$57,080	$113,600	$172,100	$242,525	$329,110

Source: Ownwell

Property Tax Bills Across Akron, Miami County, Indiana

In Akron, Miami County, IN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $172,100, homeowners might expect varying tax bills depending on their property's assessed value and the applicable tax rate. The tax bill at the 25th percentile is $813, while at the 75th percentile, it reaches $2,237, indicating a broad range of tax liabilities. The highest median tax bill in the region is $1,397, which aligns with the national median property tax bill of $2,400, suggesting that local homeowners may experience relatively moderate property tax burdens compared to the national average. Factors influencing these bills include home value, local government budgets, and specific exemptions or deductions available. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in securing fairer evaluations, ultimately leading to savings on property taxes.

Property Tax Bills Across Akron, Miami County, Indiana

Source: Ownwell

$113

$755

$1,397

Median Akron Tax Bill

$1,397

Median Miami County Tax Bill

$709

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Akron, Miami County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46910	$513	$813	$1,397	$2,237	$3,552

Source: Ownwell