Brownsville, Indiana Property Taxes
The median property tax rate in Brownsville, Indiana is 1.30%, considerably higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Brownsville, the typical annual property tax bill reaches $1,295, which is below the national median of $2,690. Property taxes in Brownsville 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 Brownsville'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 Brownsville or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brownsville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,583
Ownwell’s Brownsville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Brownsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownsville 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 Brownsville, Indiana
Property taxes in Brownsville, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownsville is 1.30%, significantly higher than both the Indiana state median of 0.85% and the U.S. national median of 0.99%. Local government entities within Brownsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownsville 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 Brownsville's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47325 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Brownsville provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownsville Tax Rate
1.30%
Average Wayne County Tax Rate
1.04%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47325 | 0.88% | 0.95% | 1.30% | 2.00% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Brownsville, Indiana
In Brownsville, 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 Wayne 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 Brownsville, 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 Brownsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Brownsville is $121,750, with tax bills ranging from $1,000 at the 25th percentile to $3,155 at the 90th percentile. The highest and lowest median tax bills are both $1,295 in zip code 47325.
Average Brownsville Assessed Value
$121,750
Average Wayne County Assessed Value
$92,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47325 | $46,420 | $75,050 | $121,750 | $138,925 | $210,990 |
Source: Ownwell
Property Tax Bills Across Brownsville, Indiana
In Brownsville, Wayne County, IN, property tax bills are calculated based on the assessed value of the property, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the market value of the property, its location, and any improvements or renovations made. For homeowners in Brownsville, the median home price stands at $121,750. Property tax bills can vary significantly, with the 25th percentile at $1,000 and the 75th percentile reaching $2,446. At the higher end, the 90th percentile tax bill is $3,155. The median property tax rate in Brownsville is relatively close to the national median of 0.99%, making it comparable to other regions in the country. These property tax bills significantly impact homeowners by affecting their annual housing costs. Understanding how these bills are calculated can help homeowners better manage their finances and plan for future expenses.
Average Brownsville Tax Bill
$1,295
Average Wayne County Tax Bill
$1,053
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47325 | $754 | $1,000 | $1,295 | $2,446 | $3,155 |
Source: Ownwell