Dubois, Indiana Property Taxes
The median property tax rate in Dubois, IN is 0.67%, considerably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Dubois, the typical annual property tax bill reaches $873, significantly below the national median of $2,690. Property taxes in Dubois are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dubois'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 Dubois or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dubois, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$886
Ownwell’s Dubois Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dubois with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dubois 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 Dubois, Indiana
Property taxes in Dubois, Indiana, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Dubois is 0.67%, lower than the U.S. national median of 0.99%. Local government entities within Dubois set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dubois 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 Dubois's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47527 zip code has both the highest and the lowest median property tax rate of 0.67%. Understanding how these areas compare with Dubois provides valuable insights into the varying tax landscape across Dubois County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dubois Tax Rate
0.67%
Average Dubois County Tax Rate
0.85%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dubois, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47527 | 0.35% | 0.50% | 0.67% | 1.13% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Dubois, Indiana
In Dubois, 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 local assessment authorities 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 Dubois, 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 Dubois 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 47527, with a median tax bill of $873.
Average Dubois Assessed Value
$132,200
Average Dubois County Assessed Value
$177,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dubois, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47527 | $35,600 | $79,350 | $132,200 | $202,100 | $278,960 |
Source: Ownwell
Property Tax Bills Across Dubois, Indiana
In Dubois County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $132,200, homeowners can expect varying tax bills depending on their home's specific assessed value and applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Dubois County typically see tax bills ranging from $454 at the 25th percentile to $2,180 at the 90th percentile, reflecting the diverse property values within the area. The median tax bill in the county is $873, which is below the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets effectively. The local tax rate and assessed value directly impact how much homeowners will pay annually, making it crucial to stay informed about property assessments and potential exemptions.
Average Dubois Tax Bill
$873
Average Dubois County Tax Bill
$1,568
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Dubois, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47527 | $220 | $454 | $873 | $1,532 | $2,180 |
Source: Ownwell