Deedsville, Indiana Property Taxes
The median property tax rate in Deedsville, IN is 0.73%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $24,850 in Deedsville, the typical annual property tax bill amounts to just $113, significantly below the national median of $2,690. Property taxes in Deedsville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Deedsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Deedsville 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
Deedsville, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$181
-$1,901
Ownwell’s Deedsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deedsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deedsville 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 Deedsville, Indiana
Property taxes in Deedsville, Indiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Deedsville is 0.73%, which is lower than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Deedsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deedsville 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 Deedsville's effective property tax rate to other counties in Indiana and the national median. For comparison, the zip code 46921 has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Deedsville provides valuable insights into the varying tax landscape across Miami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deedsville Tax Rate
0.73%
Average Miami County Tax Rate
0.80%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deedsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46921 | 0.23% | 0.31% | 0.73% | 1.39% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Deedsville, Indiana
In Deedsville, 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 Miami 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 Deedsville, 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 Deedsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 46921 has the highest and lowest median tax bill at $113, reflecting the uniformity in property tax assessments within the area.
Average Deedsville Assessed Value
$24,850
Average Miami County Assessed Value
$92,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deedsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46921 | $5,590 | $11,850 | $24,850 | $41,150 | $52,780 |
Source: Ownwell
Property Tax Bills Across Deedsville, Indiana
In Deedsville, Miami County, IN, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by local government assessors who evaluate the property's market value. For a median home price of $24,850, the tax bill can vary significantly. Homeowners in Deedsville can expect a 25th percentile tax bill of around $91, while those in the 75th percentile might pay approximately $194. The top 10% of tax bills can reach up to $290. These figures reflect how local assessments and tax rates influence individual tax obligations. The highest and lowest median tax bills in the area are both $113, specifically in the 46921 zip code, indicating some consistency in tax assessments within this region. Compared to the national median property tax rate of 0.99%, Deedsville's property taxes are quite low, making it an affordable place for homeowners. Understanding these factors helps homeowners anticipate their annual property tax expenses and budget accordingly.
Average Deedsville Tax Bill
$113
Average Miami County Tax Bill
$709
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Deedsville, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46921 | $78 | $91 | $113 | $194 | $290 |
Source: Ownwell