Loogootee, Daviess County, Indiana Property Taxes

Name: Property Tax Bills Across Loogootee, Daviess County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Loogootee, IN effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%. Median Loogootee, IN home value: $214,500. Median annual Loogootee, IN tax bill: $1,896, $504 lower than the national median property tax bill of $2,400.

How are property taxes in Daviess calculated?

Property taxes in Loogootee, IN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Loogootee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Loogootee, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Loogootee, Daviess County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$1,866

$1,732

Ownwell’s Loogootee Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Loogootee with just two data points. By entering your property's estimated assessed value, our calculator applies Loogootee’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Daviess County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Loogootee, Daviess County, Indiana

Local government entities set tax rates, which can vary widely within a state. This variability is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Loogootee’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S. The median property tax rate in Indiana is 0.87%, which is below the national median of 1.02%. Loogootee, located in Daviess County, shares this rate, highlighting the uniformity within the region. This rate is advantageous for property owners, as it suggests a lower tax burden compared to many other parts of the country. Understanding these rates can be crucial for property owners seeking to manage their expenses effectively. By comparing local rates to state and national medians, property owners can make informed decisions about their investments and potential savings.

Property Tax Rates Across Loogootee, Daviess County, Indiana

Source: Ownwell

0.78%

0.85%

0.92%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Loogootee Tax Rate

0.87%

Median Effective Daviess County Tax Rate

0.86%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Loogootee, Daviess County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47553	0.51%	0.67%	0.87%	1.29%	1.73%

Source: Ownwell

Property Tax Assessment Values Across Loogootee, Daviess County, Indiana

When examining property taxes in Loogootee, Indiana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Daviess County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Daviess County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Loogootee. For example, the median home price in Loogootee is $214,500, with tax bills ranging significantly across the county. Zip code 47553 has the highest median home price at $214,500.

Property Tax Assessment Values Across Loogootee, Daviess County, Indiana

Source: Ownwell

$72,600

$159,100

$245,600

Median Loogootee Market Value

$214,500

Median Daviess County Market Value

$140,350

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Loogootee, Daviess County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47553	$59,040	$124,275	$214,500	$308,225	$386,020

Source: Ownwell

Property Tax Bills Across Loogootee, Daviess County, Indiana

In Loogootee, Daviess County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $214,500. Homeowners in Loogootee can expect a range of property tax bills, with the 25th percentile at $951 and the 75th percentile reaching $2,925. The 90th percentile can go as high as $4,373. The median property tax bill in the area is $1,896, which is below the national median of $2,400. These taxes are influenced by factors such as the property's location, size, and market value. Homeowners may feel the impact of these taxes significantly, especially if their property falls into the higher percentiles. Ownwell can assist homeowners by reviewing their property assessments and identifying potential inaccuracies. By filing appeals and seeking exemptions where applicable, Ownwell helps reduce property tax bills, ensuring homeowners pay only their fair share, and potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Loogootee, Daviess County, Indiana

Source: Ownwell

$635

$1,455

$2,274

Median Loogootee Tax Bill

$1,896

Median Daviess County Tax Bill

$1,299

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Loogootee, Daviess County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47553	$437	$951	$1,896	$2,925	$4,373

Source: Ownwell