Marengo, Orange County, Indiana Property Taxes

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

Median Marengo, IN effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Marengo, IN home value: $100,900
Median annual Marengo, IN tax bill: $689, $1,711 lower than the national median property tax bill of $2,400.

How are property taxes in Orange County calculated?

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

Last Updated March 1, 2025

Marengo, Orange County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$726

$674

Ownwell’s Marengo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marengo with just two data points.

By entering your property's estimated assessed value, our calculator applies Marengo’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 Orange County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Marengo, Orange County, Indiana

Local government entities determine tax rates, which can significantly differ within a state. This variation arises because each county annually estimates its necessary budget for services and divides it by the total value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. Although setting tax rates and budgets involves votes and regulations, this is essentially the annual process.

In Marengo, located in Orange County, Indiana, the effective property tax rate can be compared to other cities within the state and to the median property tax rates in Indiana and the U.S. While Indiana's median property tax rate is lower than the national median, it's important to understand how local assessments impact individual property tax bills. By evaluating these rates, property owners can gain insights into how their taxes compare to those in other regions.

Understanding these nuances can help property owners in Marengo make informed decisions about property tax appeals and exemptions. Engaging with local tax consultants can provide further clarity and potentially lead to significant savings.

Property Tax Rates Across Marengo, Orange County, Indiana

Source: Ownwell

0.69%

1.02%

1.35%

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 Marengo Tax Rate

0.72%

Median Effective Orange County Tax Rate

0.80%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marengo, Orange County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47140	0.37%	0.53%	0.72%	1.38%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Marengo, Orange County, Indiana

When examining property taxes in Marengo, 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 Orange 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: In Orange 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 Marengo.

For example, the median home price in Marengo is $100,900, with tax bills ranging significantly across the county. Zip code 47140 has the highest median home price at $100,900.

Property Tax Assessment Values Across Marengo, Orange County, Indiana

Source: Ownwell

$75,900

$107,350

$138,800

Median Marengo Market Value

$100,900

Median Orange County Market Value

$102,300

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marengo, Orange County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47140	$23,760	$61,500	$100,900	$141,500	$201,700

Source: Ownwell

Property Tax Bills Across Marengo, Orange County, Indiana

In Marengo, located in Orange County, IN, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors who evaluate the property's market value and apply a specific assessment ratio. The resulting assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Marengo, homeowners can expect property tax bills to range widely, with the 25th percentile at $371 and the 90th percentile reaching $2,000, reflecting a diverse housing market. Compared to the national median property tax bill of $2,400, Marengo offers relatively affordable property taxes. However, the tax bill can still be a significant expense for many homeowners. Ownwell can assist homeowners in Marengo by evaluating their property's assessed value and identifying potential inaccuracies or over-assessments. By appealing these assessments, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay what is fair and accurate. This service can lead to substantial savings and financial relief.

Property Tax Bills Across Marengo, Orange County, Indiana

Source: Ownwell

$561

$855

$1,148

Median Marengo Tax Bill

$689

Median Orange County Tax Bill

$783

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Marengo, Orange County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47140	$196	$371	$689	$1,274	$2,000

Source: Ownwell