Dale, Indiana Property Taxes
The median property tax rate in Dale, IN is 0.70%, significantly lower than both the national median of 0.99% and Indiana's state median of 0.99%. With a median home value of $98,600 in Dale, the typical annual property tax bill amounts to $609, which is far below the national median of $2,690. Property taxes in Dale are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Dale'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 Dale or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dale, 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 Dale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dale 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 Dale, Indiana
Property taxes in Dale, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dale is 0.70%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Dale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dale 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 Dale's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47523 has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Dale provides valuable insights into the varying tax landscape across Warrick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dale Tax Rate
0.70%
Average Warrick County Tax Rate
0.75%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47523 | 0.30% | 0.48% | 0.70% | 1.28% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Dale, Indiana
In Dale, 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 Warrick 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 Dale, 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 Dale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dale is $98,600, with tax bills ranging from $236 at the 25th percentile to $2,094 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 47523, with a median value of $609.
Average Dale Assessed Value
$98,600
Average Warrick County Assessed Value
$208,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47523 | $11,690 | $29,225 | $98,600 | $194,175 | $308,640 |
Source: Ownwell
Property Tax Bills Across Dale, Indiana
Property tax bills in Dale, located in Warrick County, Indiana, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Dale, the median home price is $98,600. The property tax rate in this region is competitive compared to the national median property tax rate of 0.99%. For homeowners in Dale, property tax bills can vary significantly. At the 25th percentile, the tax bill is around $236, while at the 75th percentile, it reaches $1,290, and at the 90th percentile, it can be as high as $2,094. The highest and lowest median tax bills in Dale are both $609, indicating some consistency within specific areas of the city. These property taxes contribute to essential public services, including schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better plan their finances and potentially explore options for tax exemptions or appeals if they believe their property has been over-assessed.
Average Dale Tax Bill
$609
Average Warrick County Tax Bill
$1,576
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Dale, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47523 | $117 | $236 | $609 | $1,290 | $2,094 |
Source: Ownwell