Delaware County, Indiana Property Taxes
The median property tax rate in Delaware County is 0.99%, aligning with both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $101,600, the typical annual property tax bill in Delaware County is approximately $1,073, which is considerably lower than the national median of $2,690. Property taxes in Delaware County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Delaware County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Muncie or another part of Delaware County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delaware County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,006
$933
Ownwell’s Delaware Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Delaware with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Delaware to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Delaware County, Indiana
Property taxes in Delaware County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Delaware County is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Delaware County set these rates annually, and they can vary significantly between different areas within the county. Each year, Delaware County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Delaware County's effective property tax rate with other counties and the national median. For comparison, the city of Parker has one of the higher property tax rates at 2.96%, while the city of Oakville boasts one of the lowest at 0.52%. Analyzing how Delaware County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Delaware County Tax Rate
0.99%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delaware County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | 0.48% | 0.65% | 0.88% | 1.21% | 2.02% |
| Alexandria | 0.41% | 0.55% | 0.71% | 1.01% | 1.52% |
| Anderson | 0.54% | 0.83% | 1.06% | 1.92% | 2.17% |
| Daleville | 0.60% | 0.80% | 1.01% | 1.38% | 2.03% |
| Dunkirk | 0.35% | 0.57% | 0.77% | 1.16% | 1.69% |
| Eaton | 0.42% | 0.60% | 0.84% | 1.57% | 2.03% |
| Gaston | 0.42% | 0.64% | 0.84% | 1.40% | 2.02% |
| Granville | N/A | N/A | N/A | N/A | N/A |
| Losantville | 0.51% | 0.55% | 0.67% | 0.86% | 1.46% |
| Middletown | 0.67% | 0.90% | 1.08% | 1.70% | 1.97% |
| Muncie | 0.57% | 0.84% | 1.01% | 1.79% | 2.12% |
| Oakville | 0.33% | 0.39% | 0.52% | 0.86% | 1.85% |
| Parker | N/A | N/A | N/A | N/A | N/A |
| Parker City | 0.35% | 0.55% | 0.78% | 1.15% | 1.66% |
| Selma | 0.44% | 0.60% | 0.77% | 1.01% | 1.66% |
| Springport | N/A | N/A | N/A | N/A | N/A |
| Summitville | 0.53% | 0.58% | 0.83% | 1.38% | 1.57% |
| Upland | N/A | N/A | N/A | N/A | N/A |
| Wheeling | N/A | N/A | N/A | N/A | N/A |
| Yorktown | 0.51% | 0.74% | 0.95% | 1.06% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Delaware County, Indiana
In Delaware County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Delaware County Appraisal District. The assessed value, however, 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. Assessment notices in Delaware County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. With median home prices around $101,600, Delaware County sees a range of tax bills, from $303 in Oakville to $2,782 in Wheeling. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Delaware County, Indiana
Source: Ownwell
$37,300
$119,175
$201,050
Average Delaware County Assessed Value
$101,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delaware County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | $40,060 | $65,800 | $113,400 | $188,800 | $267,280 |
| Alexandria | $59,400 | $92,400 | $131,900 | $183,200 | $276,040 |
| Anderson | $58,140 | $78,050 | $126,500 | $190,700 | $246,560 |
| Daleville | $54,470 | $78,875 | $125,900 | $195,900 | $284,220 |
| Dunkirk | $44,800 | $99,650 | $139,700 | $193,550 | $257,500 |
| Eaton | $26,050 | $52,175 | $83,150 | $161,825 | $270,800 |
| Gaston | $39,990 | $70,000 | $114,600 | $185,950 | $291,670 |
| Granville | N/A | N/A | N/A | N/A | N/A |
| Losantville | $76,860 | $111,900 | $182,300 | $245,450 | $282,240 |
| Middletown | $109,900 | $141,800 | $201,050 | $278,250 | $308,990 |
| Muncie | $27,700 | $46,100 | $93,600 | $155,000 | $225,900 |
| Oakville | $29,560 | $50,100 | $64,800 | $77,400 | $113,820 |
| Parker | N/A | N/A | N/A | N/A | N/A |
| Parker City | $50,000 | $95,375 | $136,700 | $217,425 | $286,240 |
| Selma | $52,000 | $86,600 | $142,800 | $232,700 | $325,820 |
| Springport | N/A | N/A | N/A | N/A | N/A |
| Summitville | $92,930 | $99,175 | $108,350 | $217,250 | $251,770 |
| Upland | N/A | N/A | N/A | N/A | N/A |
| Wheeling | N/A | N/A | N/A | N/A | N/A |
| Yorktown | $71,100 | $96,350 | $154,300 | $254,300 | $388,000 |
Source: Ownwell
Property Tax Bills Across Delaware County, Indiana
In Delaware County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Delaware County is $101,600, which provides a baseline for understanding typical tax amounts. Homeowners in this county can expect to pay a tax bill ranging from $578 at the 25th percentile to $1,803 at the 75th percentile, with the 90th percentile reaching up to $2,718. These tax rates and bills can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. For example, while the highest median tax bill in Wheeling reaches $2,782, some areas like Oakville have much lower median tax bills at just $303. These variations highlight the importance of understanding local tax assessments and their implications for budgeting and financial planning.
Average Delaware County Tax Bill
$1,073
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Delaware County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | $288 | $521 | $1,067 | $1,842 | $2,972 |
| Alexandria | $285 | $615 | $1,051 | $1,694 | $2,441 |
| Anderson | $360 | $948 | $1,441 | $2,283 | $3,140 |
| Daleville | $433 | $733 | $1,373 | $2,215 | $3,392 |
| Dunkirk | $283 | $618 | $1,001 | $1,858 | $2,663 |
| Eaton | $205 | $384 | $768 | $1,613 | $2,939 |
| Gaston | $292 | $535 | $993 | $1,712 | $2,924 |
| Granville | N/A | N/A | N/A | N/A | N/A |
| Losantville | $378 | $669 | $1,293 | $1,877 | $2,881 |
| Middletown | $743 | $1,249 | $2,260 | $4,266 | $5,144 |
| Muncie | $320 | $570 | $1,038 | $1,716 | $2,484 |
| Oakville | $121 | $232 | $303 | $641 | $1,152 |
| Parker | N/A | N/A | N/A | N/A | N/A |
| Parker City | $229 | $597 | $1,255 | $2,139 | $2,994 |
| Selma | $302 | $631 | $1,181 | $2,060 | $3,050 |
| Springport | N/A | N/A | N/A | N/A | N/A |
| Summitville | $541 | $548 | $1,061 | $1,899 | $3,141 |
| Upland | N/A | N/A | N/A | N/A | N/A |
| Wheeling | N/A | N/A | N/A | N/A | N/A |
| Yorktown | $421 | $792 | $1,565 | $2,735 | $4,054 |
Source: Ownwell