Denver, Indiana Property Taxes
The median property tax rate in Denver, Indiana is 0.81%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $101,200 in Denver, the typical annual property tax bill amounts to $757, significantly below the national median of $2,690. Property taxes in Denver are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Denver's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Denver or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Denver, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$820
Ownwell’s Denver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denver to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Denver, Indiana
Property taxes in Denver, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denver is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Denver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denver estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Denver's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46926 has both the highest and lowest median property tax rate of 0.81%. Understanding how these areas compare with Denver provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denver Tax Rate
0.81%
Average Cass County Tax Rate
1.00%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denver, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46926 | 0.50% | 0.58% | 0.81% | 1.27% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Denver, Indiana
In Denver, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cass County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Denver, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Denver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46926 has the highest median tax bill at $757, while the lowest is also $757, reflecting consistent property tax assessments across the area.
Average Denver Assessed Value
$101,200
Average Cass County Assessed Value
$79,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denver, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46926 | $49,250 | $72,575 | $101,200 | $140,275 | $192,340 |
Source: Ownwell
Property Tax Bills Across Denver, Indiana
In Denver, Cass County, IN, property tax bills are calculated based on the assessed value of the property. This assessed value is determined by local assessors who evaluate the property's market value and then apply an assessment ratio. The tax rate is then applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, this means that changes in the real estate market or home improvements can lead to fluctuations in their property tax bills. The median home price in Denver is $101,200, with tax bills ranging from $350 at the 25th percentile to $2,047 at the 90th percentile. The highest median tax bill in Cass County is $757, which is significantly lower than the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate and manage their property tax obligations effectively.
Average Denver Tax Bill
$757
Average Cass County Tax Bill
$871
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Denver, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46926 | $267 | $350 | $757 | $1,777 | $2,047 |
Source: Ownwell