Ora, Starke County, Indiana Property Taxes
Median ORA, IN effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median ORA, IN home value: $34,950
Median annual ORA, IN tax bill: $185, $2,215 lower than the national median property tax bill of $2,400.
How are property taxes in Starke calculated?
Property taxes in ORA, 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 ORA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ORA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ora, Starke County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.14%
Estimate Property Tax Bill
$398
$370
Property Tax Rates Across Ora, Starke 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.
In Ora, located in Starke County, Indiana, the effective property tax rate is a reflection of this process. Indiana's median property tax rate stands at 1.14%, which is above the national median of 1.02%. This indicates that property owners in Indiana generally face higher tax rates compared to the national average. However, it's important to note that within Starke County, the effective property tax rate in Ora aligns with the state median, demonstrating consistency across the region.
When comparing Ora’s effective property tax rate to other cities in Indiana, it is evident that the rates are uniform, with the highest and lowest rates both at 1.14%. This uniformity offers a predictable landscape for property owners in Ora, providing a stable environment for long-term financial planning.
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 Ora Tax Rate
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 Starke County Tax Rate
0.83%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ora, Starke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46968 | 0.27% | 0.35% | 1.14% | 1.25% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Ora, Starke County, Indiana
When examining property taxes in ORA, 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 Starke 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 Starke 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 ORA. For example, the median home price in ORA is $34,950, with tax bills ranging significantly across the county. Zip code 46968 has the highest median home price at $34,950.
Property Tax Assessment Values Across Ora, Starke County, Indiana
Source: Ownwell
$34,950
$89,725
$144,500
Median Ora Market Value
$34,950
Median Starke County Market Value
$132,100
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ora, Starke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46968 | $4,720 | $9,650 | $34,950 | $70,025 | $86,130 |
Source: Ownwell
Property Tax Bills Across Ora, Starke County, Indiana
In Ora, situated in Starke County, Indiana, property tax bills are calculated based on the assessed value of your home. The local tax rate is applied to this assessed value to determine your annual tax bill. With a median home price of $34,950, Ora's property taxes are notably lower than the national median property tax rate of 1.02%. For instance, tax bills range from $110 at the 25th percentile to $757 at the 90th percentile, with the median tax bill being $185 in the 46968 zip code. These figures are considerably lower than the national median property tax bill of $2,400, offering a more affordable option for homeowners in the area.
For homeowners looking to further reduce their property tax bills, Ownwell offers expert services in property tax appeals and exemptions. By analyzing your property's assessed value and comparing it with market trends, Ownwell can help identify potential savings. This ensures you are not overpaying and can lead to significant reductions in your tax obligations, making homeownership in Ora even more affordable.
Median Ora Tax Bill
$185
Median Starke County Tax Bill
$1,097
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Ora, Starke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46968 | $50 | $110 | $185 | $353 | $757 |
Source: Ownwell
