Saint Joe, Indiana Property Taxes
The median property tax rate in Saint Joe, IN is 0.56%, significantly lower than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Saint Joe at $189,400, the typical annual property tax bill amounts to $1,110, well below the national median of $2,690. Property taxes in Saint Joe are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Saint Joe'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 Saint Joe or another part of DeKalb County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Joe, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,061
-$11,116
Ownwell’s Saint Joe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Joe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Joe 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 Saint Joe, Indiana
Property taxes in Saint Joe, Indiana, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Joe is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Joe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Joe 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 Saint Joe's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46785 has both the highest and lowest median property tax rate of 0.56%. Understanding how these areas compare with Saint Joe 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 Saint Joe Tax Rate
0.56%
Average Dekalb County Tax Rate
0.70%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Joe, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46785 | 0.38% | 0.47% | 0.56% | 0.82% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Saint Joe, Indiana
In Saint Joe, 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 Saint Joe, 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. Notably, the median home price in Saint Joe stands at $189,400. 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 Saint Joe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46785 has both the highest and lowest median tax bill at $1,110.
Average Saint Joe Assessed Value
$189,400
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 Saint Joe, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46785 | $54,950 | $101,100 | $189,400 | $305,375 | $409,210 |
Source: Ownwell
Property Tax Bills Across Saint Joe, Indiana
Property tax bills in Saint Joe, located in DeKalb County, IN, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value reflects the market value of the home, which in Saint Joe has a median price of $189,400. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $594 and the 75th percentile reaching $1,792. For those at the higher end, the 90th percentile tax bill can go up to $2,595. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions or deductions. Such variability in tax bills impacts homeowners by affecting their annual financial planning and the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, the property tax situation in Saint Joe is quite diverse, reflecting the unique dynamics of the local real estate market and tax assessment practices.
Average Saint Joe Tax Bill
$1,110
Average Dekalb County Tax Bill
$1,248
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Joe, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46785 | $281 | $594 | $1,110 | $1,792 | $2,595 |
Source: Ownwell