Dubois, Indiana Property Taxes
The median property tax rate in Dubois, IN is 0.79%, which is 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 $151,350, the typical annual property tax bill is around $1,510, significantly below the national median of $2,690. Property taxes in Dubois are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like 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 city, 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
0.79%
Estimate Property Tax Bill
$1,196
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dubois is 0.67%, which is lower than both the Indiana state median of 0.79% and 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, 47527 has the highest median property tax rate of 0.79%, while 47527 also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Dubois provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dubois Tax Rate
0.79%
Average Orange County Tax Rate
0.80%
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 | 0.66% | 0.76% | 0.79% | 1.21% | 1.35% |
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 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. 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 highest median tax bill in the area is $1,510 in the 47527 zip code, while the lowest median tax bill is also $1,510 in the same zip code.
Average Dubois Assessed Value
$151,350
Average Orange County Assessed Value
$102,300
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 | $68,600 | $97,775 | $151,350 | $239,650 | $495,150 |
Source: Ownwell
Property Tax Bills Across Dubois, Indiana
In Dubois, Indiana, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value reflects the market value of the home and is a key factor in determining the tax bill. For instance, the median home price in Dubois stands at $151,350. Property tax rates are applied to this assessed value to calculate the annual tax bill. Homeowners in Dubois can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,281, while the 75th percentile tax bill can reach up to $1,969. For those at the higher end, the 90th percentile tax bill can be as high as $3,801. This variation illustrates how property values and local tax rates impact the financial obligations of homeowners. Compared to the national median property tax rate of 0.99%, Dubois homeowners face a range of tax bills, with some areas, like zip code 47527, having a median tax bill of $1,510.
Average Dubois Tax Bill
$1,510
Average Orange County Tax Bill
$783
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 | $743 | $1,281 | $1,510 | $1,969 | $3,801 |
Source: Ownwell