Batesville, Decatur County, Indiana Property Taxes
The median property tax rate in Batesville, IN is 0.57%, notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Batesville at $229,100, the typical annual property tax bill is $1,297, which is significantly below the national median of $2,690. Property taxes in Batesville are calculated based on the tax assessed value, which is typically lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Batesville'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 Batesville or another part of Decatur County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Batesville, Decatur County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,306
$1,212
Ownwell’s Batesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Batesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Batesville 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 Batesville, Decatur County, Indiana
Property taxes in Batesville, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Batesville is 0.57%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Batesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Batesville 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 Batesville's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47006 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Batesville provides valuable insights into the varying tax landscape across Decatur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Batesville Tax Rate
0.57%
Average Decatur County Tax Rate
0.79%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Batesville, Decatur County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47006 | 0.54% | 0.56% | 0.57% | 0.64% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Batesville, Decatur County, Indiana
In Batesville, 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 Decatur County Assessment Office 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 Batesville, 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. Batesville's median home price is $229,100, with the 25th percentile tax bill at $896 and the 75th percentile tax bill at $1,738. The highest and lowest median tax bills are both $1,297, found in the 47006 zip code. 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 Batesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Batesville, Decatur County, Indiana
Source: Ownwell
$93,600
$161,350
$229,100
Average Batesville Assessed Value
$229,100
Average Decatur County Assessed Value
$162,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Batesville, Decatur County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47006 | $58,880 | $112,100 | $229,100 | $303,500 | $338,020 |
Source: Ownwell
Property Tax Bills Across Batesville, Decatur County, Indiana
In Batesville, located in Decatur County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property’s market value. Homeowners in Batesville experience a range of property tax bills, with the 25th percentile paying around $896 and the 75th percentile paying about $1,738. At the 90th percentile, tax bills can reach up to $2,223. The median home price in Batesville is $229,100, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, Batesville presents a unique landscape for homeowners. Factors such as property improvements, neighborhood developments, and market trends can also affect the assessed value and, consequently, the tax bill. Understanding these elements helps homeowners anticipate their annual property tax obligations and manage their finances more effectively. The highest and lowest median tax bills in Batesville both stand at $1,297, highlighting a consistent tax environment within the area.
Average Batesville Tax Bill
$1,297
Average Decatur County Tax Bill
$1,342
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Batesville, Decatur County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47006 | $422 | $896 | $1,297 | $1,738 | $2,223 |
Source: Ownwell