Rosedale, Indiana Property Taxes
The median property tax rate in Rosedale, IN is 0.53%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Rosedale at $97,950, the typical annual property tax bill is $532, well below the national median of $2,690. Property taxes in Rosedale 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 Rosedale'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 Rosedale 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
Rosedale, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$519
Ownwell’s Rosedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosedale 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 Rosedale, Indiana
Property taxes in Rosedale, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosedale is 0.53%, lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Rosedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosedale 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 Rosedale's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47874 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Rosedale provides valuable insights into the varying tax landscape across Parke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosedale Tax Rate
0.53%
Average Parke County Tax Rate
0.56%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosedale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47874 | 0.25% | 0.36% | 0.53% | 1.37% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Rosedale, Indiana
In Rosedale, 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 Parke County 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 Rosedale, 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 Rosedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rosedale is $97,950, with tax bills ranging from $246 at the 25th percentile to $1,875 at the 90th percentile. The zip code 47874 has both the highest and lowest median tax bill at $532.
Average Rosedale Assessed Value
$97,950
Average Parke County Assessed Value
$117,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosedale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47874 | $20,150 | $56,600 | $97,950 | $152,875 | $219,050 |
Source: Ownwell
Property Tax Bills Across Rosedale, Indiana
In Rosedale, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the home. For instance, the median home price in Rosedale is $97,950. Factors such as property size, location, and condition play a significant role in determining this value. Homeowners in Rosedale can expect their tax bills to vary widely. The 25th percentile tax bill is around $246, while at the 75th percentile, it rises to $1,090. At the 90th percentile, tax bills can reach up to $1,875. Comparatively, the highest median tax bill in Parke County is $532, which is significantly lower than the national median property tax rate of 0.99%. These property taxes directly impact homeowners by influencing their annual housing costs and potentially affecting the overall affordability of owning a home in Rosedale.
Average Rosedale Tax Bill
$532
Average Parke County Tax Bill
$683
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosedale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47874 | $134 | $246 | $532 | $1,090 | $1,875 |
Source: Ownwell