Haubstadt, Indiana Property Taxes
The median property tax rate in Haubstadt, IN is 0.95%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Haubstadt at $218,350, the typical annual property tax bill is $2,122, which is lower than the national median of $2,690. Property taxes in Haubstadt 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 Haubstadt'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 Haubstadt 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
Haubstadt, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,074
Ownwell’s Haubstadt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haubstadt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haubstadt 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 Haubstadt, Indiana
Property taxes in Haubstadt, Indiana, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Haubstadt is 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within Haubstadt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haubstadt 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 Haubstadt's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 47639 has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Haubstadt provides valuable insights into the varying tax landscape across Gibson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haubstadt Tax Rate
0.95%
Average Gibson County Tax Rate
0.95%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haubstadt, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47639 | 0.67% | 0.83% | 0.95% | 1.04% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Haubstadt, Indiana
In Haubstadt, 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 Gibson 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 Haubstadt, 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. For example, the median home price in Haubstadt is $218,350, with tax bills ranging from $1,507 at the 25th percentile to $3,952 at the 90th percentile. The highest and lowest median tax bills are both $2,122, found in the 47639 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Haubstadt Assessed Value
$218,350
Average Gibson County Assessed Value
$136,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haubstadt, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47639 | $126,750 | $164,700 | $218,350 | $307,250 | $388,550 |
Source: Ownwell
Property Tax Bills Across Haubstadt, Indiana
In Haubstadt, Gibson County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is derived from the market value of the property, considering factors such as location, size, and condition. The tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Haubstadt, the median home price is $218,350, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,507, while the 75th percentile reaches $2,989, and the 90th percentile can go up to $3,952. The highest median tax bill in the area is $2,122, which is relatively high when compared to the national median property tax rate of 0.99%. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and public safety, making it essential for residents to understand how their tax obligations are calculated.
Average Haubstadt Tax Bill
$2,122
Average Gibson County Tax Bill
$1,336
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Haubstadt, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47639 | $921 | $1,507 | $2,122 | $2,989 | $3,952 |
Source: Ownwell