Bridgeton, Parke County, Indiana Property Taxes
Median Bridgeton, IN effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Bridgeton, IN home value: $41,100
Median annual Bridgeton, IN tax bill: $411, $1,989 lower than the national median property tax bill of $2,400.
How are property taxes in Parke County calculated?
Property taxes in Bridgeton, 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 Bridgeton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bridgeton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bridgeton, Parke County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$632
$586
Property Tax Rates Across Bridgeton, Parke County, Indiana
Local government entities in Indiana set property tax rates, which can vary significantly across the state. Each county in Indiana, including Parke County where Bridgeton is located, estimates its required budget for public services annually. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the basic annual process for determining property taxes.
In Bridgeton, the effective property tax rate can be compared to other cities in Indiana, as well as to the median property tax rates in the state and across the United States. Indiana's median property tax rate is higher than the national median of 1.02%, reflecting the state's unique budgetary needs and property values. Bridgeton's property tax rate is a part of this broader landscape, contributing to the funding of essential services and infrastructure in the community. Understanding these rates helps property owners anticipate their tax obligations and explore potential savings through appeals and exemptions.
Our median effective property tax rate (tax bill Ă· 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 Bridgeton Tax Rate
1.50%
Our median effective property tax rate (tax bill Ă· 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 Parke County Tax Rate
0.47%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bridgeton, Parke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47836 | 0.25% | 0.41% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeton, Parke County, Indiana
When examining property taxes in Bridgeton, 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 Parke 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 Parke 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 Bridgeton. For example, the median home price in Bridgeton is $41,100, with tax bills ranging significantly across the county. Zip code 47836 has the highest median home price at $41,100.
Property Tax Assessment Values Across Bridgeton, Parke County, Indiana
Source: Ownwell
$36,650
$127,400
$218,150
Median Bridgeton Market Value
$42,100
Median Parke County Market Value
$126,800
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bridgeton, Parke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47836 | $6,850 | $17,925 | $42,100 | $65,250 | $87,300 |
Source: Ownwell
Property Tax Bills Across Bridgeton, Parke County, Indiana
Median Bridgeton Tax Bill
$321
Median Parke County Tax Bill
$627
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Bridgeton, Parke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47836 | $51 | $163 | $321 | $614 | $918 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Parke Tax Assessor | |
| Website | parkein.wthgis.com |