Dugger, Indiana Property Taxes
The median property tax rate in Dugger, IN is 1.02%, slightly above both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Dugger at $58,700, the typical annual property tax bill amounts to $558, which is significantly lower than the national median of $2,690. Property taxes in Dugger are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dugger'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 Dugger or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dugger, 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 Dugger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dugger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dugger 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 Dugger, Indiana
Property taxes in Dugger, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dugger is 1.02%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Dugger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dugger 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 Dugger's effective property tax rate to other areas in Indiana and the national median. For comparison, the 47848 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Dugger provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dugger Tax Rate
1.02%
Average Sullivan County Tax Rate
1.04%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dugger, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47848 | 0.51% | 0.72% | 1.02% | 2.05% | 2.70% |
Source: Ownwell
Property Tax Assessment Values Across Dugger, Indiana
In Dugger, 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 Sullivan County Assessor's Office 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 Dugger, 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 Dugger is $58,700, with tax bills ranging from the 25th percentile at $345 to the 90th percentile at $1,574. Interestingly, the zip code 47848 has both the highest and lowest median tax bill at $558. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dugger Assessed Value
$58,700
Average Sullivan County Assessed Value
$68,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dugger, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47848 | $16,630 | $34,400 | $58,700 | $86,750 | $119,210 |
Source: Ownwell
Property Tax Bills Across Dugger, Indiana
In Dugger, Sullivan 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 determine the tax bill. For example, with a median home price of $58,700, homeowners in Dugger can expect a variety of tax bills depending on their property's assessed value and applicable exemptions. Factors such as property location, market conditions, and any applicable exemptions play a crucial role in determining the final tax bill. For instance, the 25th percentile tax bill in Dugger is around $345, while the 75th percentile tax bill is approximately $1,017. At the higher end, the 90th percentile tax bill reaches about $1,574. Comparatively, the national median property tax rate is 0.99%, making Dugger's tax bills relatively moderate. Understanding these factors is essential for homeowners to anticipate their annual property tax obligations and manage their finances effectively.
Average Dugger Tax Bill
$558
Average Sullivan County Tax Bill
$721
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Dugger, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47848 | $174 | $345 | $558 | $1,017 | $1,574 |
Source: Ownwell