Avilla, Indiana Property Taxes
The median property tax rate in Avilla, Indiana is 0.70%, notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value in Avilla of $273,400, the typical annual property tax bill reaches $2,151, which is below the national median of $2,690. Property taxes in Avilla are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Avilla'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 Avilla 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
Avilla, 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 Avilla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avilla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avilla 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 Avilla, Indiana
Property taxes in Avilla, Indiana, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Avilla 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 Avilla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avilla 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 Avilla's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46710 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Avilla 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 Avilla Tax Rate
0.70%
Average Dekalb County Tax Rate
0.70%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avilla, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46710 | 0.42% | 0.51% | 0.70% | 0.97% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Avilla, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Avilla, DeKalb County, Indiana. 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 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 Avilla, 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. The zip code 46710 has the highest and lowest median tax bill, both at $2,151. Being aware of these valuation processes in Avilla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Avilla Assessed Value
$273,400
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 Avilla, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46710 | $126,620 | $204,925 | $273,400 | $374,525 | $443,650 |
Source: Ownwell
Property Tax Bills Across Avilla, Indiana
Property tax bills in Avilla, DeKalb County, Indiana, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in the assessment process. For homeowners in Avilla, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $1,061, while the 75th percentile tax bill reaches $2,959. Those in the 90th percentile face a tax bill of approximately $3,922. The median home price in Avilla is $273,400, and the property tax rate is notably lower than the national median property tax rate of 0.99%. This means that, although property taxes are a necessary expense for homeowners, they are relatively manageable in Avilla compared to many other regions in the country.
Average Avilla Tax Bill
$2,151
Average Dekalb County Tax Bill
$1,248
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Avilla, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46710 | $427 | $1,061 | $2,151 | $2,959 | $3,922 |
Source: Ownwell