Auburn, Indiana Property Taxes
The median property tax rate in Auburn, IN is 0.73%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $199,700 in Auburn, the typical annual property tax bill amounts to $1,497, which is below the national median of $2,690. Property taxes in Auburn are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Auburn'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 Auburn or another part of DeKalb County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Auburn, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,458
-$15,278
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 DeKalb County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Auburn, Indiana
Property taxes in Auburn, Indiana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other areas in Indiana and the national median. For comparison, the 46706 zip code has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these areas compare with Auburn 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 Auburn Tax Rate
0.73%
Average Dekalb County Tax Rate
0.70%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46706 | 0.42% | 0.56% | 0.73% | 0.88% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Indiana
In Auburn, 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 Auburn, 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Auburn is $199,700, with annual property tax bills ranging from $903 at the 25th percentile to $3,232 at the 90th percentile. The highest and lowest median tax bills are both $1,497 in the 46706 zip code.
Average Auburn Assessed Value
$199,700
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 Auburn, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46706 | $106,070 | $146,400 | $199,700 | $287,775 | $389,930 |
Source: Ownwell
Property Tax Bills Across Auburn, Indiana
In Auburn, DeKalb County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value reflects the market value of the property. The tax rate is then applied to this assessed value to determine the final tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. Homeowners in Auburn can expect their property tax bills to vary widely. For example, the 25th percentile tax bill is $903, while the 75th percentile reaches $2,252, and the 90th percentile goes up to $3,232. The median home price in Auburn is $199,700, which is relatively affordable compared to many other regions. The median property tax rate in Auburn is 0.75%, which is below the national median of 0.99%. This means that homeowners in Auburn generally pay less in property taxes compared to the national average, which can be a significant financial relief.
Average Auburn Tax Bill
$1,497
Average Dekalb County Tax Bill
$1,248
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46706 | $482 | $903 | $1,497 | $2,252 | $3,232 |
Source: Ownwell