Hudson, Indiana Property Taxes
The median property tax rate in Hudson, 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 Hudson at $136,700, the typical annual property tax bill is around $680, well below the national median of $2,690. Property taxes in Hudson are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hudson'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 Hudson 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
Hudson, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$779
-$8,166
Ownwell’s Hudson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson 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 Hudson, Indiana
Property taxes in Hudson, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson is 0.57%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46747 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 Hudson 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 Hudson 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 Hudson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46747 | 0.20% | 0.35% | 0.57% | 0.92% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Indiana
In Hudson, 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 Hudson, 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 Hudson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hudson, the zip code with the highest median tax bill is 46747, with a median bill of $680, while the zip code with the lowest median tax bill is also 46747 at $680.
Average Hudson Assessed Value
$136,700
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 Hudson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46747 | $21,600 | $60,700 | $136,700 | $198,350 | $305,160 |
Source: Ownwell
Property Tax Bills Across Hudson, Indiana
In Hudson, DeKalb County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For Hudson, the median home price is $136,700. Homeowners in the 25th percentile can expect a tax bill around $287, while those in the 75th percentile see bills closer to $1,177. For the top 10% of property values, tax bills can reach up to $2,047. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Hudson's rates can vary significantly, impacting homeowners' budgets differently. Understanding these factors is crucial for homeowners to anticipate their annual expenses and manage their finances effectively.
Average Hudson Tax Bill
$680
Average Dekalb County Tax Bill
$1,248
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46747 | $106 | $287 | $680 | $1,177 | $2,047 |
Source: Ownwell