Dubois, Indiana Property Taxes
The median property tax rate in Dubois, IN is 0.62%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Dubois at $175,500, the typical annual property tax bill amounts to $653, well below the national median of $2,690. Property taxes in Dubois are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural land. By understanding Dubois's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Dubois or another part of Martin County, being well-informed about the local property tax system is advantageous for 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
0.62%
Estimate Property Tax Bill
$1,088
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 crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dubois stands at 0.62%, which is significantly 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 zip code 47527 has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with Dubois provides valuable insights into the varying tax landscape across Martin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dubois Tax Rate
0.62%
Average Martin County Tax Rate
0.65%
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 | 0.32% | 0.46% | 0.62% | 0.84% | 1.10% |
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 Martin County Appraisal District 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. The median home price in Dubois is $175,500, with tax bills ranging from $385 at the 25th percentile to $1,902 at the 90th percentile. The zip code 47527 has a median tax bill of $653. By understanding 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.
Average Dubois Assessed Value
$175,500
Average Martin County Assessed Value
$107,600
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 | $65,940 | $71,100 | $175,500 | $197,100 | $278,940 |
Source: Ownwell
Property Tax Bills Across Dubois, Indiana
In Dubois, located in Martin County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to produce the annual tax bill. Factors that influence the assessed value include the home's market value, location, and any improvements or modifications made to the property. For homeowners, understanding these factors is crucial as they directly impact the tax bill. For instance, the median home price in Dubois is $175,500. The tax bills can vary significantly, with the 25th percentile at $385 and the 75th percentile at $1,261, showing a range of potential costs. The 90th percentile tax bill can go up to $1,902, indicating that some homeowners might face higher taxes depending on their property's value and other influencing factors. Comparatively, the national median property tax rate is 0.99%, making it essential for Dubois homeowners to be aware of how local rates and assessments affect their overall property tax obligations.
Average Dubois Tax Bill
$653
Average Martin County Tax Bill
$728
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 | $356 | $385 | $653 | $1,261 | $1,902 |
Source: Ownwell