The state of Indiana as a whole has interesting things going in terms of taxes, especially where property is concerned. Bloomington, though, is particularly worth scrutiny, since it doesn’t necessarily yield what you might expect. Here are some are some of those facts.
Low Property Taxes
When you consider that Bloomington, Indiana houses a lot of coveted property and therefore high listing prices, you might be surprised that it has relatively low property taxes. This is just as true as the rest of the county, as the Table below shows. Even knowing that Indiana has low property taxes in comparison to much of the U.S., it is interesting to see such rates.
Wide Ranging City Rates
The Townships and districts in Monroe County Bloomington block in terms of property taxes are also fascinating because of such a wide range. Rates go from 1.30, the lowest, to 2.50, the highest. That’s quite a disparity. The diverse nature to the Bloomington area explains quite a bit of this. The city’s own economic history may also shed some light. All of this makes property hunting in Monroe County and especially Bloomington an attractive place to consider. These rates have very positive effects on the local economies, which adds to the rich culture of diverse business and social community it works so hard to cultivate.
|Property Tax Rates in Monroe County, IN||Property Tax Rates in State|
Monroe County Taxing Districts Detail
|001||Bean Blossom Township||1.6410||1499|
|005||Bloomington City Bloomington Twp||2.1267||914|
|006||Clear Creek Township||1.3923||1810|
|007||Indian Creek Township||1.3610||1845|
|009||Bloomington City Perry Township||2.1237||917|
|012||Bloomington City Richland Township||2.5031||638|
|014||Salt Creek Township||1.3115||1878|
|015||Van Buren Township||1.4829||1680|
|016||Bloomington City Van Buren Township||2.1598||883|
eXp Realty—The Results Team—is ready to help you buy or sell your home! Stop on by our location at 2623 N. Walnut St, Bloomington, IN 47404. Or call us at: (812)822-2746.