Brownsville, Indiana Property Taxes
The median property tax rate in Brownsville, Indiana is 0.93%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Brownsville at $150,200, the typical annual property tax bill reaches $1,570, which is lower than the national median of $2,690. Property taxes in Brownsville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brownsville'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 Brownsville 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
Brownsville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,397
Ownwell’s Brownsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownsville 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 Brownsville, Indiana
Property taxes in Brownsville, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownsville is 0.93%, which is below the U.S. national median of 0.99%. Local government entities within Brownsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownsville 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 Brownsville's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47325 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with Brownsville provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownsville Tax Rate
0.93%
Average Fayette County Tax Rate
0.94%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47325 | 0.54% | 0.80% | 0.93% | 1.50% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Brownsville, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brownsville, Indiana. 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 Fayette 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 Brownsville, 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. For instance, the highest median tax bill is found in the zip code 47325, with a value of $1570. By being aware of these valuation processes, Brownsville residents can identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Brownsville Assessed Value
$150,200
Average Fayette County Assessed Value
$95,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47325 | $63,000 | $104,400 | $150,200 | $203,600 | $302,240 |
Source: Ownwell
Property Tax Bills Across Brownsville, Indiana
In Brownsville, located in Fayette County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property’s market value. Once the assessed value is established, the property tax rate for the area is applied to calculate the annual tax bill. Fayette County's property tax rate is influenced by local government budgets, school funding, and other public services. For homeowners in Brownsville, the median home price is $150,200. Depending on the home's assessed value, tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $794, while at the 75th percentile, it reaches $2,147. At the 90th percentile, homeowners might see tax bills as high as $4,526. These figures illustrate the range of property tax obligations that can impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Brownsville's property tax rates reflect the local economic and governmental landscape, affecting how much residents pay annually.
Average Brownsville Tax Bill
$1,570
Average Fayette County Tax Bill
$929
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47325 | $362 | $794 | $1,570 | $2,147 | $4,526 |
Source: Ownwell