Birdseye, Indiana Property Taxes
The median property tax rate in Birdseye, IN is 0.68%, significantly lower than the national median of 0.99% and matching the Indiana state median of 0.99%. With a median home value of $112,800 in Birdseye, the typical annual property tax bill amounts to $741, which is substantially below the national median of $2,690. Property taxes in Birdseye 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 Birdseye'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 Birdseye or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birdseye, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$767
Ownwell’s Birdseye Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birdseye with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birdseye 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 Birdseye, Indiana
Property taxes in Birdseye, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birdseye is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Birdseye set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birdseye 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 Birdseye's effective property tax rate to other areas in Dubois County and the national median. For comparison, the 47513 zip code has the highest median property tax rate of 0.68%, while the 47513 zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Birdseye provides valuable insights into the varying tax landscape across Dubois County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birdseye Tax Rate
0.68%
Average Dubois County Tax Rate
0.85%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birdseye, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47513 | 0.35% | 0.49% | 0.68% | 1.13% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Birdseye, Indiana
In Birdseye, 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 Dubois 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 Birdseye, 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. Birdseye's median home price is $112,800, with tax bills ranging from $363 at the 25th percentile to $2,190 at the 90th percentile. The zip code 47513 has the highest and lowest median tax bill, both at $741. Being aware of these valuation processes in Birdseye helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Birdseye Assessed Value
$112,800
Average Dubois County Assessed Value
$177,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birdseye, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47513 | $22,950 | $61,625 | $112,800 | $183,525 | $269,000 |
Source: Ownwell
Property Tax Bills Across Birdseye, Indiana
In Birdseye, Dubois County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Homeowners in Birdseye experience a range of tax bills, influenced by factors such as property size, location, and improvements. For instance, the tax bill at the 25th percentile is $363, while the 75th percentile sees a tax bill of $1371, and those in the 90th percentile face a tax bill as high as $2190. The median home price in Birdseye is $112,800, and the median tax bill is $741, which is lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable, but it also means that local services funded by property taxes may have different levels of funding compared to other regions.
Average Birdseye Tax Bill
$741
Average Dubois County Tax Bill
$1,568
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Birdseye, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47513 | $190 | $363 | $741 | $1,371 | $2,190 |
Source: Ownwell