Huntingburg, Indiana Property Taxes
The median property tax rate in Huntingburg, IN is 0.95%, slightly below both the national median of 0.99% and Indiana's state median of 0.99%. With a median home value of $160,650 in Huntingburg, the typical annual property tax bill amounts to $1,630, which is significantly lower than the national median of $2,690. Property taxes in Huntingburg are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Huntingburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Huntingburg or another part of Dubois County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Huntingburg, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,526
Ownwell’s HUNTINGBURG Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HUNTINGBURG with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HUNTINGBURG 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 Huntingburg, Indiana
Property taxes in Huntingburg, Indiana, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntingburg is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Huntingburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntingburg 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 Huntingburg's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47542 has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Huntingburg 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 Huntingburg Tax Rate
0.95%
Average Dubois County Tax Rate
0.85%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntingburg, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47542 | 0.56% | 0.75% | 0.95% | 1.24% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Huntingburg, Indiana
In Huntingburg, 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 Dubois 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 Huntingburg, 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 Huntingburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,630, found in zip code 47542.
Average Huntingburg Assessed Value
$160,650
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 Huntingburg, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47542 | $59,930 | $101,575 | $160,650 | $237,200 | $312,500 |
Source: Ownwell
Property Tax Bills Across Huntingburg, Indiana
Property tax bills in Huntingburg, located in Dubois County, IN, are calculated based on the assessed value of a property. The assessed value is determined by local assessors who evaluate the market value of the property. Once the assessed value is established, the tax rate set by local taxing authorities is applied. In Huntingburg, homeowners can expect a median home price of $160,650. For homeowners in this area, property tax bills can vary significantly. The 25th percentile of tax bills is around $862, while those in the 75th percentile reach up to $2,449, and the 90th percentile can go as high as $3,365. The highest median tax bill in the region is $1,630, which is notably higher than the national median property tax rate of 0.99%. These variations in tax bills are influenced by factors such as property size, location, and any applicable exemptions. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations effectively.
Average Huntingburg Tax Bill
$1,630
Average Dubois County Tax Bill
$1,568
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntingburg, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47542 | $446 | $862 | $1,630 | $2,449 | $3,365 |
Source: Ownwell