Ireland, Indiana Property Taxes
The median property tax rate in Ireland, IN is 0.51%, significantly lower than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Ireland at $87,250, the typical annual property tax bill amounts to $581, which is well below the national median of $2,690. Property taxes in Ireland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Ireland'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 Ireland 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
Ireland, 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 Ireland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ireland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ireland 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 Ireland, Indiana
Property taxes in Ireland, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ireland is 0.51%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Ireland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ireland 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 Ireland's effective property tax rate to other areas in Indiana and the national median. For comparison, the 47545 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these areas compare with Ireland 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 Ireland Tax Rate
0.51%
Average Dubois County Tax Rate
0.85%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ireland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47545 | 0.38% | 0.39% | 0.51% | 0.91% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Ireland, Indiana
In Ireland, 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 Ireland, 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 Ireland 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 47545, at $581.00, which is the same as the lowest median tax bill in the area.
Average Ireland Assessed Value
$87,250
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 Ireland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47545 | $45,270 | $54,225 | $87,250 | $128,250 | $151,560 |
Source: Ownwell
Property Tax Bills Across Ireland, Indiana
In Ireland, Dubois County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value represents the market value of the property. Homeowners in this region typically see property tax bills that can vary significantly. For instance, the 25th percentile tax bill is around $402, while the 75th percentile tax bill reaches $782. At the 90th percentile, homeowners can expect to pay approximately $930 in property taxes. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Ireland is $87,250, and the property tax rate is a crucial determinant in the final tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Ireland may find their property tax bills to be relatively moderate. Understanding these factors is essential for homeowners as it directly impacts their annual financial planning and overall housing costs.
Average Ireland Tax Bill
$581
Average Dubois County Tax Bill
$1,568
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Ireland, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47545 | $292 | $402 | $581 | $782 | $930 |
Source: Ownwell