Dublin, Indiana Property Taxes
The median property tax rate in Dublin, Indiana is 1.02%, slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Dublin at $75,500, the typical annual property tax bill reaches $742, which is below the national median of $2,690. Property taxes in Dublin 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 Dublin'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 Dublin 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
Dublin, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$770
Ownwell’s Dublin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dublin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dublin 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 Dublin, Indiana
Property taxes in Dublin, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dublin is 0.88%, lower than both the Indiana state median of 0.85% and the U.S. national median of 0.99%. Local government entities within Dublin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dublin 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 Dublin's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47335 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Dublin provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dublin Tax Rate
1.02%
Average Wayne County Tax Rate
1.04%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dublin, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47335 | 0.45% | 0.76% | 1.02% | 2.15% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Dublin, Indiana
In Dublin, 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 Wayne County Assessor's Office 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 Dublin, 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 Dublin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dublin is $75,500, with tax bills ranging from $433 at the 25th percentile to $1,917 at the 90th percentile. The highest and lowest median tax bills are both $742, found in the 47335 zip code.
Average Dublin Assessed Value
$75,500
Average Wayne County Assessed Value
$92,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dublin, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47335 | $29,200 | $51,250 | $75,500 | $95,550 | $119,900 |
Source: Ownwell
Property Tax Bills Across Dublin, Indiana
In Dublin, located in Wayne County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessment considers factors such as the property's size, location, and condition. Homeowners in Dublin can expect their tax bills to vary significantly, with the 25th percentile paying around $433 and the 75th percentile facing bills closer to $1245. The highest median tax bill in the area is $742, which matches the lowest, indicating a uniformity in tax rates across different neighborhoods. These tax bills impact homeowners by influencing their overall housing costs. For instance, a home valued at the median price of $75,500 will have a tax bill that can range widely, potentially affecting affordability. Compared to the national median property tax rate of 0.99%, Dublin's property tax rates suggest a relatively moderate burden for residents. Understanding these factors is crucial for homeowners as they navigate their financial planning and property investments.
Average Dublin Tax Bill
$742
Average Wayne County Tax Bill
$1,053
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Dublin, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47335 | $230 | $433 | $742 | $1,245 | $1,917 |
Source: Ownwell