Roann, Miami County, Indiana Property Taxes
Median Roann, Indiana effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but also lower than the Indiana state median of 0.99%.
Median Roann, Indiana home value: $136,600
Median annual Roann, Indiana tax bill: $833, $1,567 lower than the national median property tax bill of $2,400.
How are property taxes in Miami County calculated?
Property taxes in Roann, Indiana 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 Roann’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Roann, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Roann, Miami County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$929
$862
Property Tax Rates Across Roann, Miami County, Indiana
Local government entities are responsible for setting property tax rates, and these rates can vary significantly within a state. Each year, counties estimate their budgetary needs for public services and divide this by the total value of taxable property within their jurisdiction, resulting in the property tax rate. Though the process involves voting and legislation, this annual calculation is the core method for determining rates.
In Roann, Miami County, Indiana, the effective property tax rate stands at 0.68%. Compared to the national median property tax rate of 1.02%, Roann's rate is notably lower, providing a financial advantage to property owners. This rate is consistent across Miami County, highlighting a uniform approach to property taxation within the area.
For property owners in Roann, this lower rate translates to reduced property tax bills compared to the national median bill of $2,400. This can be an attractive factor for potential homeowners or investors considering the region. The consistency of the tax rate across the county ensures predictability, allowing residents to plan their finances with confidence.
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 Roann Tax Rate
0.68%
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 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 Roann, Miami County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46974 | 0.34% | 0.49% | 0.68% | 1.14% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Roann, Miami County, Indiana
When examining property taxes in Roann, 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 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 Roann. For example, the median home price in Roann is $136,600, with tax bills ranging significantly across the county. Zip code 46974 has the highest median home price at $136,600.
Property Tax Assessment Values Across Roann, Miami County, Indiana
Source: Ownwell
$24,850
$98,475
$172,100
Median Roann Market Value
$136,600
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 Roann, Miami County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46974 | $48,150 | $86,075 | $136,600 | $192,850 | $274,070 |
Source: Ownwell
Property Tax Bills Across Roann, Miami County, Indiana
In Roann, located in Miami County, Indiana, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Roann face a median property tax bill of $833, which is significantly lower than the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, and consequently, the tax bill. For those at the higher end, the tax bill can reach up to $2,581, which can be a considerable expense for homeowners.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing assessment data and market conditions, Ownwell identifies opportunities to challenge over-assessments, potentially lowering tax bills. This service can lead to substantial savings, ensuring homeowners in Roann pay only their fair share. With expertise in navigating the complexities of property tax regulations, Ownwell is an essential resource for homeowners seeking to reduce their financial burden.
Median Roann Tax Bill
$833
Median Miami County Tax Bill
$709
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Roann, Miami County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46974 | $239 | $464 | $833 | $1,544 | $2,581 |
Source: Ownwell