Deputy, Indiana Property Taxes
The median property tax rate in Deputy, IN is 0.90%, which is slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $106,250 in Deputy, the typical annual property tax bill amounts to $1,022, falling short of the national median of $2,690. Property taxes in Deputy are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Deputy's property tax system, exploring all available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Deputy or another part of the city, knowing the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deputy, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$956
Ownwell’s Deputy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deputy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deputy 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 Deputy, Indiana
Property taxes in Deputy, Indiana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Deputy is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Deputy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deputy 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 Deputy's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47230 zip code has both the highest and lowest median property tax rate in the area at 0.90%. Understanding how these cities compare with Deputy provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deputy Tax Rate
0.90%
Average Scott County Tax Rate
0.93%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deputy, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47230 | 0.52% | 0.74% | 0.90% | 1.58% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Deputy, Indiana
In Deputy, 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 Scott 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 Deputy, 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 Deputy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Deputy, the highest and lowest median tax bills are both found in the 47230 zip code, each with a median tax bill of $1022.
Average Deputy Assessed Value
$106,250
Average Scott County Assessed Value
$98,700
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deputy, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47230 | $36,330 | $59,275 | $106,250 | $161,350 | $216,450 |
Source: Ownwell
Property Tax Bills Across Deputy, Indiana
Property tax bills in Deputy, located in Scott County, Indiana, are calculated based on the assessed value of a property. The assessed value is determined by the local assessor's office and reflects the market value of the home. For instance, the median home price in Deputy is $106,250. The property tax rate in Scott County is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property characteristics, local tax rates, and any applicable exemptions. Homeowners in Deputy can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is $598, while the 75th percentile reaches $1,678. The 90th percentile tax bill can go up to $2,340. These variations can have a substantial impact on homeowners, affecting their monthly budgets and overall financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Scott County offer a crucial point of comparison for residents.
Average Deputy Tax Bill
$1,022
Average Scott County Tax Bill
$1,013
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Deputy, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47230 | $294 | $598 | $1,022 | $1,678 | $2,340 |
Source: Ownwell