Greendale, Indiana Property Taxes
The median property tax rate in Greendale, IN is 0.97%, slightly lower than the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Greendale at $165,700, the typical annual property tax bill amounts to $1,717, which is below the national median of $2,690. Property taxes in Greendale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greendale'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 Greendale 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
Greendale, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,607
Ownwell’s Greendale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greendale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greendale 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 Greendale, Indiana
Property taxes in Greendale, Indiana, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Greendale is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Greendale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greendale 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 Greendale's effective property tax rate to other areas in Dearborn County and the national median. For comparison, the zip code 47025 has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these areas compare with Greendale provides valuable insights into the varying tax landscape across Dearborn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greendale Tax Rate
0.97%
Average Dearborn County Tax Rate
0.95%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greendale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47025 | 0.92% | 0.94% | 0.97% | 1.04% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Greendale, Indiana
In Greendale, 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 Dearborn 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 Greendale, 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 Greendale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 47025, both at $1717.
Average Greendale Assessed Value
$165,700
Average Dearborn County Assessed Value
$174,000
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greendale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47025 | $108,160 | $138,400 | $165,700 | $206,300 | $268,080 |
Source: Ownwell
Property Tax Bills Across Greendale, Indiana
In Greendale, Dearborn County, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value takes into account various factors such as the property's market value, location, and any improvements or renovations made. Homeowners in Greendale typically see a median home price of $165,700, with tax bills varying significantly. For instance, the 25th percentile tax bill is $1,403, while the 75th percentile tax bill reaches $2,344, and the 90th percentile tax bill can go up to $3,291. These tax bills are influenced by the county's tax rate and any applicable exemptions or deductions. The highest and lowest median tax bills in the area both stand at $1,717 in zip code 47025, which is above the national median property tax rate of 0.99%. This variability in tax bills can significantly impact homeowners, affecting their annual budgeting and overall financial planning.
Average Greendale Tax Bill
$1,717
Average Dearborn County Tax Bill
$1,720
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Greendale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47025 | $1,076 | $1,403 | $1,717 | $2,344 | $3,291 |
Source: Ownwell