Daleville, Indiana Property Taxes
The median property tax rate in Daleville, IN is 1.01%, slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Daleville at $125,900, the typical annual property tax bill reaches $1,373, which is below the national median of $2,690. Property taxes in Daleville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Daleville'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 Daleville or another part of Delaware County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daleville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,272
Ownwell’s Daleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daleville 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 Daleville, Indiana
Property taxes in Daleville, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daleville is 1.01%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Daleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daleville 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 Daleville's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47334 zip code has the highest median property tax rate of 1.01%, while the 47334 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Daleville provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daleville Tax Rate
1.01%
Average Delaware County Tax Rate
0.99%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daleville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47334 | 0.60% | 0.80% | 1.01% | 1.38% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Daleville, Indiana
In Daleville, 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 Delaware 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 Daleville, 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 Daleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Daleville is $1,373 in the 47334 zip code, which also has the lowest median tax bill, indicating uniformity in tax assessments.
Average Daleville Assessed Value
$125,900
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 Daleville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47334 | $54,470 | $78,875 | $125,900 | $195,900 | $284,220 |
Source: Ownwell
Property Tax Bills Across Daleville, Indiana
In Daleville, located in Delaware County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the size of the property, its location, and any improvements made can influence the assessed value. For homeowners, understanding these factors is crucial as it directly impacts their annual expenses. For example, the median home price in Daleville is $125,900. Property tax bills can vary significantly, with the 25th percentile at $733 and the 75th percentile reaching $2,215. At the 90th percentile, homeowners might see a tax bill as high as $3,392. Comparatively, the highest median tax bill in Daleville is $1,373, which is still below the national median property tax rate of 0.99%. This means that while property taxes in Daleville can be a significant expense, they are relatively moderate compared to national averages.
Average Daleville Tax Bill
$1,373
Average Delaware County Tax Bill
$1,073
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Daleville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47334 | $433 | $733 | $1,373 | $2,215 | $3,392 |
Source: Ownwell