Rosedale, Indiana Property Taxes
The median property tax rate in Rosedale, Indiana is 0.48%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Rosedale at $85,800, the typical annual property tax bill is $320, which is well below the national median of $2,690. Property taxes in Rosedale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Rosedale'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 Rosedale 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
Rosedale, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Rosedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosedale 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 Rosedale, Indiana
Property taxes in Rosedale, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosedale is 0.48%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Rosedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosedale 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 Rosedale's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47874 zip code has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Rosedale provides valuable insights into the varying tax landscape across Parke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosedale Tax Rate
0.48%
Average Clay County Tax Rate
0.47%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosedale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47874 | 0.22% | 0.35% | 0.48% | 0.96% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Rosedale, Indiana
In Rosedale, 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 Clay 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 Rosedale, 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 Rosedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 47874 at $320, while the lowest is also 47874 at $320.
Average Rosedale Assessed Value
$85,800
Average Clay County Assessed Value
$81,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosedale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47874 | $18,780 | $35,900 | $85,800 | $181,400 | $307,900 |
Source: Ownwell
Property Tax Bills Across Rosedale, Indiana
In Rosedale, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Rosedale is $85,800. The tax rate in the region is influenced by various factors, including local government budgets and the specific needs of the community. Homeowners in Rosedale can expect their property tax bills to vary significantly. For instance, tax bills at the 25th percentile are around $189, while those at the 75th percentile reach up to $937. At the 90th percentile, tax bills can be as high as $1,794. The highest and lowest median tax bills in the area are both $320, found in the 47874 zip code. This variability in tax bills affects homeowners differently, depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Rosedale's property taxes can be relatively moderate, making it an appealing location for homeowners looking for manageable property tax expenses.
Average Rosedale Tax Bill
$320
Average Clay County Tax Bill
$422
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosedale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47874 | $41 | $189 | $320 | $937 | $1,794 |
Source: Ownwell