Losantville, Randolph County, Indiana Property Taxes
Median Losantville, IN effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Losantville, IN home value: $108,300
Median annual Losantville, IN tax bill: $888, $1,512 lower than the national median property tax bill of $2,400.
How are property taxes in Randolph calculated?
Property taxes in Losantville, 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 Losantville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Losantville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Losantville, Randolph County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$866
$804
Property Tax Rates Across Losantville, Randolph County, Indiana
Local government entities set tax rates, which can vary widely within a state. 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.
Losantville in Randolph County, Indiana, offers a unique perspective on property tax rates. With a median property tax rate of 0.80%, Losantville stands out for its affordability compared to the national median property tax rate of 1.02%. This means that homeowners in Losantville benefit from lower property tax bills. The effective property tax rate in Losantville is consistent across the county, reflecting a balanced approach to taxation. For residents, this translates to more manageable property tax expenses, offering an appealing environment for homeowners and potential buyers. By maintaining a lower tax rate, Losantville not only supports its residents but also enhances its attractiveness as a place to live, work, and invest.
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 Losantville Tax Rate
0.80%
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 Randolph County Tax Rate
0.98%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Losantville, Randolph County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47354 | 0.44% | 0.63% | 0.80% | 1.33% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Losantville, Randolph County, Indiana
When examining property taxes in Losantville, 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 Randolph 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 Randolph 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 Losantville. For example, the median home price in Losantville is $108,300, with tax bills ranging significantly across the county. Zip code 47354 has the highest median home price at $108,300.
Property Tax Assessment Values Across Losantville, Randolph County, Indiana
Source: Ownwell
$25,250
$83,850
$142,450
Median Losantville Market Value
$108,300
Median Randolph County Market Value
$87,700
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Losantville, Randolph County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47354 | $37,600 | $57,625 | $108,300 | $159,650 | $224,920 |
Source: Ownwell
Property Tax Bills Across Losantville, Randolph County, Indiana
In Losantville, Randolph County, Indiana, property taxes are calculated based on the assessed value of a home. The median home price in the area is $108,300. With a property tax rate of 1.02%, which aligns with the national median, homeowners can expect to pay an average tax bill of $888 annually. This figure is significantly lower than the national median property tax bill of $2,400. However, property tax bills can vary widely, with the 25th percentile at $504 and the 90th percentile reaching up to $2,070.
Factors influencing the tax bill include the home's assessed value and applicable local tax rates. For homeowners, these taxes can be a substantial financial burden. Ownwell offers valuable assistance by providing property tax appeal and exemption services. By reviewing assessments and identifying potential discrepancies, Ownwell can help homeowners reduce their tax liabilities. This service not only saves money but also ensures homeowners are not overpaying on their property taxes, offering peace of mind and financial relief.
Median Losantville Tax Bill
$888
Median Randolph County Tax Bill
$890
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Losantville, Randolph County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47354 | $238 | $504 | $888 | $1,342 | $2,070 |
Source: Ownwell