Daviess County Property Taxes
The median property tax rate in Daviess County is 0.86%, which is slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $140,350 in Daviess County, the typical annual property tax bill amounts to $1,299, which is substantially less than the national median of $2,690. Property taxes in Daviess County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Daviess County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Washington or another part of Daviess County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daviess County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,207
Ownwell’s Daviess County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Daviess County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Daviess County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Daviess County, Indiana
Property taxes in Daviess County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Daviess County is 0.86%, which is lower than the Indiana state median and the U.S. national median of 0.99%. Local government entities within Daviess County set these rates annually, and they can vary significantly between different areas within the county. Each year, Daviess County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Newberry has one of the higher property tax rates in Indiana at 1.09%, while the city of Odon boasts one of the lowest at 0.78%. Analyzing how Daviess County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Daviess County Tax Rate
0.86%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daviess County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cannelburg | 0.52% | 0.69% | 0.84% | 1.46% | 1.93% |
| Elnora | 0.46% | 0.60% | 0.91% | 1.92% | 2.80% |
| Loogootee | 0.51% | 0.67% | 0.87% | 1.29% | 1.73% |
| Montgomery | 0.58% | 0.74% | 0.92% | 1.18% | 1.69% |
| Newberry | 0.81% | 0.92% | 1.09% | 1.27% | 1.38% |
| Odon | 0.46% | 0.62% | 0.78% | 1.25% | 1.73% |
| Plainville | 0.41% | 0.60% | 0.91% | 1.69% | 2.09% |
| Washington | 0.48% | 0.67% | 0.86% | 1.62% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Daviess County, Indiana
In Daviess County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Daviess County Appraisal District. The assessed value, however, 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. Assessment notices in Daviess County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Daviess County, the highest median tax bill is in Montgomery at $2,274, while the lowest is in Elnora at $635. Being aware of these valuation processes in Daviess County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Daviess County Assessed Value
$140,350
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daviess County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cannelburg | $54,150 | $99,950 | $165,800 | $249,300 | $342,650 |
| Elnora | $15,660 | $40,650 | $72,600 | $114,100 | $180,200 |
| Loogootee | $59,040 | $124,275 | $214,500 | $308,225 | $386,020 |
| Montgomery | $80,400 | $152,400 | $245,600 | $338,400 | $423,320 |
| Newberry | $103,290 | $111,375 | $124,850 | $138,325 | $146,410 |
| Odon | $54,300 | $97,050 | $165,100 | $259,350 | $361,700 |
| Plainville | $17,840 | $48,875 | $81,250 | $142,725 | $220,070 |
| Washington | $42,870 | $76,000 | $121,350 | $196,925 | $288,200 |
Source: Ownwell
Property Tax Bills Across Daviess County, Indiana
In Daviess County, IN, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the home. Factors such as property size, location, and any improvements made can influence this assessed value. The tax rate is then applied to this assessed value to determine the total tax bill. For homeowners in Daviess County, the tax bills can vary significantly. For example, the 25th percentile tax bill is $665, while at the 75th percentile, it rises to $2,209. At the 90th percentile, homeowners might see tax bills as high as $3,428. These variations can impact homeowners differently, depending on the value of their property and the specific tax rate applied. Comparatively, the national median property tax rate stands at 0.99%, which can help homeowners gauge how their local taxes compare on a broader scale. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and budget accordingly.
Average Daviess County Tax Bill
$1,299
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Daviess County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cannelburg | $411 | $744 | $1,458 | $2,400 | $3,851 |
| Elnora | $190 | $322 | $635 | $1,183 | $2,160 |
| Loogootee | $437 | $951 | $1,896 | $2,925 | $4,373 |
| Montgomery | $518 | $1,274 | $2,274 | $3,459 | $4,636 |
| Newberry | $1,149 | $1,194 | $1,270 | $1,346 | $1,391 |
| Odon | $325 | $672 | $1,322 | $2,318 | $3,557 |
| Plainville | $160 | $348 | $786 | $1,516 | $2,287 |
| Washington | $328 | $628 | $1,166 | $1,853 | $2,763 |
Source: Ownwell