Dearborn County Property Taxes
The median property tax rate in Dearborn County is 0.95%, which is slightly below both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Dearborn County at $174,000, the typical annual property tax bill reaches $1,720, which is considerably lower than the national median of $2,690. Property taxes in Dearborn County are calculated based on the tax assessed value, typically lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Dearborn County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Lawrenceburg or another part of Dearborn County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dearborn County 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 Dearborn County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dearborn County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Dearborn County to estimate your property tax bill. This tool provides valuable insight into your 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 Dearborn County, Indiana
Property taxes in Dearborn County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Dearborn County is 0.95%, which is lower than the U.S. national median of 0.99%. Local government entities within Dearborn County set these rates annually, and they can vary significantly between different areas within the county. Each year, Dearborn 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. The following data compares Dearborn County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Milan has one of the higher property tax rates in Indiana at 1.07%, while the city of Lawrenceburg boasts one of the lowest at 0.90%. Analyzing how Dearborn County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Dearborn County Tax Rate
0.95%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dearborn County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | 0.69% | 0.87% | 1.00% | 1.47% | 2.04% |
| Brookville | 0.67% | 0.80% | 0.91% | 1.04% | 1.70% |
| Dillsboro | 0.62% | 0.83% | 0.97% | 1.71% | 2.03% |
| Greendale | 0.92% | 0.94% | 0.97% | 1.04% | 1.89% |
| Guilford | 0.75% | 0.88% | 0.99% | 1.13% | 1.77% |
| Lawrenceburg | 0.70% | 0.81% | 0.90% | 1.02% | 1.79% |
| Milan | 0.77% | 0.95% | 1.07% | 1.28% | 2.03% |
| Moores Hill | 0.60% | 0.79% | 0.97% | 1.21% | 2.00% |
| Sunman | 0.70% | 0.83% | 0.97% | 1.14% | 1.74% |
| West Harrison | 0.70% | 0.83% | 0.92% | 1.10% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Dearborn County, Indiana
In Dearborn 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 Dearborn 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 Dearborn 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. Being aware of these valuation processes in Dearborn County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Dearborn County, the median home price is $174,000. Milan has the highest median tax bill at $2,349, while Moores Hill has the lowest at $1,260.
Property Tax Assessment Values Across Dearborn County, Indiana
Source: Ownwell
$125,400
$165,550
$205,700
Average Dearborn County Assessed Value
$174,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dearborn County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $58,020 | $91,300 | $136,500 | $182,900 | $240,440 |
| Brookville | $114,700 | $158,575 | $204,850 | $249,400 | $327,000 |
| Dillsboro | $53,400 | $90,000 | $128,900 | $165,100 | $202,160 |
| Greendale | $108,160 | $138,400 | $165,700 | $206,300 | $268,080 |
| Guilford | $88,820 | $142,900 | $205,700 | $275,200 | $338,600 |
| Lawrenceburg | $99,670 | $154,300 | $204,400 | $255,225 | $311,030 |
| Milan | $84,110 | $115,850 | $196,050 | $272,000 | $367,130 |
| Moores Hill | $57,620 | $90,400 | $125,400 | $166,525 | $217,580 |
| Sunman | $96,370 | $137,350 | $188,300 | $246,825 | $306,040 |
| West Harrison | $75,500 | $139,100 | $195,900 | $245,200 | $316,960 |
Source: Ownwell
Property Tax Bills Across Dearborn County, Indiana
In Dearborn County, IN, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Dearborn County is $174,000, and homeowners can expect varying tax bills depending on their property’s value. The tax bill can range significantly; at the 25th percentile, homeowners might pay around $1,171, while those at the 75th percentile could see bills as high as $2,418. The 90th percentile tax bill can reach up to $3,345. Comparatively, the highest median tax bill in the county is found in Milan at $2,349, while Moores Hill has the lowest at $1,260. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Dearborn County Tax Bill
$1,720
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Dearborn County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $524 | $920 | $1,419 | $2,104 | $3,070 |
| Brookville | $803 | $1,301 | $1,870 | $2,593 | $3,783 |
| Dillsboro | $469 | $842 | $1,327 | $1,856 | $2,560 |
| Greendale | $1,076 | $1,403 | $1,717 | $2,344 | $3,291 |
| Guilford | $748 | $1,340 | $2,160 | $2,947 | $3,880 |
| Lawrenceburg | $902 | $1,369 | $1,872 | $2,480 | $3,401 |
| Milan | $731 | $1,273 | $2,349 | $3,309 | $4,650 |
| Moores Hill | $466 | $753 | $1,260 | $1,967 | $2,844 |
| Sunman | $781 | $1,217 | $1,890 | $2,680 | $3,740 |
| West Harrison | $724 | $1,294 | $1,839 | $2,557 | $3,527 |
Source: Ownwell