Haubstadt, Indiana Property Taxes
The median property tax rate in Haubstadt, IN is 0.75%, 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 $111,100 in Haubstadt, the typical annual property tax bill amounts to $870, significantly less than the national median of $2,690. Property taxes in Haubstadt are calculated based on the assessed value, which often falls below the market value due to 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 substantial 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
0.75%
Estimate Property Tax Bill
$833
Ownwell’s Haubstadt Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Haubstadt with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Haubstadt to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any exemptions that may apply.
Property Tax Rates Across Haubstadt, Indiana
Property taxes in Haubstadt, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haubstadt is 0.75%, which is lower than both the Indiana state median and 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 47639 zip code has the highest median property tax rate of 0.75%, while the same 47639 zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Haubstadt provides valuable insights into the varying tax landscape across Warrick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haubstadt Tax Rate
0.75%
Average Warrick County Tax Rate
0.75%
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 | 0.48% | 0.56% | 0.75% | 0.90% | 1.14% |
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 local assessment authorities 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. Assessment notices in Haubstadt 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 Haubstadt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Haubstadt is $111,100, with tax bills ranging from $755 at the 25th percentile to $1,643 at the 90th percentile. The highest and lowest median tax bill in the area is $870, found in zip code 47639.
Average Haubstadt Assessed Value
$111,100
Average Warrick County Assessed Value
$208,800
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 | $89,700 | $106,850 | $111,100 | $187,050 | $217,920 |
Source: Ownwell
Property Tax Bills Across Haubstadt, Indiana
In Haubstadt, 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 determine the annual property tax bill. For instance, in Haubstadt, the median home price is $111,100, and the property tax rate is influenced by various factors, including local government budgets and school district needs. Homeowners in Haubstadt typically see a range of property tax bills. At the 25th percentile, the tax bill is around $755, while at the 75th percentile, it rises to about $1318. For those at the 90th percentile, the tax bill can reach up to $1643. These figures indicate that property taxes can vary significantly depending on the home's assessed value and the specific tax rate applied. Comparatively, the national median property tax rate is 0.99%, which can serve as a benchmark for understanding local variations. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners differently based on their property's assessed value.
Average Haubstadt Tax Bill
$870
Average Warrick County Tax Bill
$1,576
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 | $647 | $755 | $870 | $1,318 | $1,643 |
Source: Ownwell