Celestine, Indiana Property Taxes
The median property tax rate in Celestine, IN is 0.68%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Celestine at $190,350, the typical annual property tax bill amounts to $1,325, which is well below the national median of $2,690. Property taxes in Celestine are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Celestine's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Celestine or another part of Dubois County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Celestine, 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 Celestine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Celestine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Celestine 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 Celestine, Indiana
Property taxes in Celestine, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Celestine is 0.68%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Celestine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Celestine 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 Celestine's effective property tax rate to other areas in Indiana and the national median. For comparison, the zip code 47521 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Celestine provides valuable insights into the varying tax landscape across Dubois County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Celestine Tax Rate
0.68%
Average Dubois County Tax Rate
0.85%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Celestine, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47521 | 0.40% | 0.58% | 0.68% | 0.86% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Celestine, Indiana
In Celestine, 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 Dubois 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 Celestine, 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 Celestine 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 $1,325, found in the 47521 zip code, while the lowest median tax bill is also $1,325 in the same zip code.
Average Celestine Assessed Value
$190,350
Average Dubois County Assessed Value
$177,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Celestine, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47521 | $47,070 | $118,825 | $190,350 | $252,650 | $308,590 |
Source: Ownwell
Property Tax Bills Across Celestine, Indiana
In Celestine, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Celestine, the median home price stands at $190,350. Tax bills vary significantly, with the 25th percentile at $687 and the 75th percentile reaching $1,770, while the 90th percentile can go as high as $2,422. These figures indicate that property taxes in Celestine are relatively moderate compared to the national median property tax rate of 0.99%. The highest median tax bill within the region is $1,325, located in the 47521 zip code, which also represents the lowest median tax bill, suggesting a uniform tax rate across the area. Homeowners should consider these factors when budgeting for annual expenses, as property taxes can significantly impact overall homeownership costs.
Average Celestine Tax Bill
$1,325
Average Dubois County Tax Bill
$1,568
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Celestine, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47521 | $280 | $687 | $1,325 | $1,770 | $2,422 |
Source: Ownwell