Daleville, Indiana Property Taxes
The median property tax rate in Daleville, IN is 0.69%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Daleville, the typical annual property tax bill reaches $1,599, significantly below the national median of $2,690. Property taxes in Daleville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Daleville'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 Daleville or another part of Henry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daleville, 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 Daleville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Daleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daleville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to budget and plan for the future. For those interested in more detailed insights, localized neighborhood trends are available further down the page. Your property’s assessed value, determined by Henry County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Daleville, Indiana
Property taxes in Daleville, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daleville is 0.69%, lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Daleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daleville 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 Daleville's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47334 has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Daleville provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daleville Tax Rate
0.69%
Average Henry County Tax Rate
0.91%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daleville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47334 | 0.56% | 0.65% | 0.69% | 0.77% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Daleville, Indiana
In Daleville, 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 Henry County Appraisal District 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 Daleville, 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 Daleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,599, found in the 47334 zip code.
Average Daleville Assessed Value
$233,900
Average Henry County Assessed Value
$106,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daleville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47334 | $152,060 | $194,675 | $233,900 | $268,350 | $302,810 |
Source: Ownwell
Property Tax Bills Across Daleville, Indiana
In Daleville, located in Henry County, IN, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, a tax rate is applied to calculate the annual tax bill. For homeowners in Daleville, the median home price is $233,900. Property tax bills can vary significantly, with the 25th percentile paying around $1,151 annually and the 75th percentile facing bills of approximately $2,034. At the 90th percentile, tax bills can reach up to $2,461. These figures illustrate the range of property tax obligations, highlighting how different property values and assessments impact what homeowners owe. Compared to the national median property tax rate of 0.99%, Daleville's property taxes can be relatively moderate, offering some financial relief to homeowners. This system ensures that taxes are proportionate to property values, affecting homeowners by aligning their tax obligations with the market value of their properties.
Average Daleville Tax Bill
$1,599
Average Henry County Tax Bill
$960
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Daleville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47334 | $761 | $1,151 | $1,599 | $2,034 | $2,461 |
Source: Ownwell