Haubstadt, Indiana Property Taxes
The median property tax rate in Haubstadt, IN is 1.25%, considerably higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Haubstadt at $184,200, the typical annual property tax bill reaches $2,320, which is below the national median of $2,690. Property taxes in Haubstadt 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 Haubstadt'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 Haubstadt 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
Haubstadt, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,303
Ownwell’s Haubstadt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haubstadt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haubstadt 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 Haubstadt, Indiana
Property taxes in Haubstadt, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haubstadt is 1.25%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Haubstadt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haubstadt 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 Haubstadt's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47639 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Haubstadt provides valuable insights into the varying tax landscape across Vanderburgh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haubstadt Tax Rate
1.25%
Average Vanderburgh County Tax Rate
1.01%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haubstadt, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47639 | 0.90% | 1.08% | 1.25% | 1.54% | 2.23% |
Source: Ownwell
Property Tax Assessment Values Across Haubstadt, Indiana
In Haubstadt, 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 local 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 Haubstadt, 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 Haubstadt 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 47639, with a median tax bill of $2,320.
Average Haubstadt Assessed Value
$184,200
Average Vanderburgh County Assessed Value
$135,700
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haubstadt, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47639 | $101,220 | $137,300 | $184,200 | $243,050 | $328,300 |
Source: Ownwell
Property Tax Bills Across Haubstadt, Indiana
Property tax bills in Haubstadt, located in Vanderburgh County, Indiana, are calculated based on the assessed value of a property. This assessed value is determined by local assessors who consider factors such as the property's market value, location, and physical characteristics. In Haubstadt, the median home price is $184,200, which serves as a key component in calculating property taxes. Once the assessed value is established, the local tax rate is applied. In Vanderburgh County, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $1,532, while the 75th percentile tax bill reaches $3,587. At the higher end, the 90th percentile tax bill can be as much as $5,615. These property tax bills directly impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, Haubstadt's property taxes can be relatively moderate or substantial, depending on the specific assessed value and tax rate applied. This variability underscores the importance for homeowners to understand their property's assessed value and the local tax rate to better anticipate their tax liabilities.
Average Haubstadt Tax Bill
$2,320
Average Vanderburgh County Tax Bill
$1,483
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Haubstadt, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47639 | $834 | $1,532 | $2,320 | $3,587 | $5,615 |
Source: Ownwell