Brownsville, Indiana Property Taxes
The median property tax rate in Brownsville, Indiana is 0.95%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Brownsville at $87,200, the typical annual property tax bill is $878, which is significantly lower than 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 the city, 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
0.95%
Estimate Property Tax Bill
$828
Ownwell’s Brownsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate 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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownsville is 0.95%, which is slightly below 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 zip code 47325 has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Brownsville provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownsville Tax Rate
0.95%
Average Union County Tax Rate
1.59%
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 | 0.45% | 0.66% | 0.95% | 1.86% | 2.14% |
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 Union 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 zip code 47325 has both the highest and lowest median tax bills, each at $878, reflecting the range of property values in the area.
Average Brownsville Assessed Value
$87,200
Average Union County Assessed Value
$88,300
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 | $27,860 | $49,300 | $87,200 | $154,700 | $206,080 |
Source: Ownwell
Property Tax Bills Across Brownsville, Indiana
Property tax bills in Brownsville, Union County, Indiana, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is often a percentage of the property's market value, which is periodically evaluated by the county assessor. In Brownsville, the median home price stands at $87,200. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Brownsville can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is $424, while at the 75th percentile, it rises to $1,679. The 90th percentile sees a tax bill of $3,315. Comparatively, the national median property tax rate is 0.99%, which offers a benchmark for understanding local tax burdens. The highest and lowest median tax bills in Brownsville are both $878, indicating some consistency in tax rates across different properties within the same zip code. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Brownsville Tax Bill
$878
Average Union County Tax Bill
$864
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 | $207 | $424 | $878 | $1,679 | $3,315 |
Source: Ownwell