Ashley, Indiana Property Taxes
The median property tax rate in Ashley, IN is 0.57%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Ashley at $117,200, the typical annual property tax bill amounts to $757, well below the national median of $2,690. Property taxes in Ashley are determined based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Ashley'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 Ashley or another part of DeKalb County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashley, 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 Ashley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashley 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 Ashley, Indiana
Property taxes in Ashley, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashley is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Ashley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashley 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 Ashley's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46705 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 Ashley provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashley Tax Rate
0.57%
Average Dekalb County Tax Rate
0.70%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashley, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46705 | 0.39% | 0.47% | 0.57% | 0.89% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Ashley, Indiana
In Ashley, 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 DeKalb 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 Ashley, 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 Ashley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ashley, the zip code with the highest and lowest median tax bill is 46705, with a median tax bill of $757.
Average Ashley Assessed Value
$117,200
Average Dekalb County Assessed Value
$174,700
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashley, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46705 | $40,760 | $85,300 | $117,200 | $197,300 | $285,020 |
Source: Ownwell
Property Tax Bills Across Ashley, Indiana
In Ashley, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Homeowners in Ashley can expect their property tax bills to vary significantly depending on the value of their homes. For instance, the median home price in Ashley is $117,200. Tax bills in the 25th percentile are around $452, while those in the 75th percentile can reach up to $1,259. At the 90th percentile, tax bills can be as high as $1,928. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Ashley's tax rates reflect the local economic conditions and property values. The highest and lowest median tax bills in the area are both recorded at $757 in the 46705 zip code, illustrating some consistency within the region.
Average Ashley Tax Bill
$757
Average Dekalb County Tax Bill
$1,248
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashley, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46705 | $253 | $452 | $757 | $1,259 | $1,928 |
Source: Ownwell