Brookville, Dearborn County, Indiana Property Taxes

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

Median Brookville, IN effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Brookville, IN home value: $204,850
Median annual Brookville, IN tax bill: $1,870, $530 lower than the national median property tax bill of $2,400.

How are property taxes in Dearborn calculated?

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

Last Updated March 1, 2025

Brookville, Dearborn County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$1,864

$1,730

Ownwell’s Brookville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brookville with just two data points. By entering your property's estimated assessed value, our calculator applies Brookville’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 Dearborn County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Brookville, Dearborn County, Indiana

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county 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 Brookville’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

In Brookville, Dearborn County, property owners experience a median tax rate of 0.91%, which is below the national median of 1.02%. Despite being lower than the national average, this rate is consistent with Indiana's overall tax landscape, where the median property tax rate also stands at 0.91%. This uniformity means that Brookville residents benefit from property taxes that are both predictable and affordable compared to other regions. For property owners, understanding these rates is crucial as they directly impact annual tax bills and overall affordability.

Property Tax Rates Across Brookville, Dearborn County, Indiana

Source: Ownwell

0.90%

0.99%

1.07%

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 Brookville Tax Rate

0.91%

Median Effective Dearborn County Tax Rate

0.95%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brookville, Dearborn County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47012	0.67%	0.80%	0.91%	1.04%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Brookville, Dearborn County, Indiana

When examining property taxes in Brookville, IN, 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 Dearborn 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. Assessment notices: In Dearborn 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 Brookville. For example, the median home price in Brookville is $204,850, with tax bills ranging significantly across the county. Zip code 47012 has the highest median home price at $204,850.

Property Tax Assessment Values Across Brookville, Dearborn County, Indiana

Source: Ownwell

$125,400

$165,550

$205,700

Median Brookville Market Value

$204,850

Median Dearborn County Market Value

$174,000

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brookville, Dearborn County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47012	$114,700	$158,575	$204,850	$249,400	$327,000

Source: Ownwell

Property Tax Bills Across Brookville, Dearborn County, Indiana

In Brookville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Brookville, the median property tax bill stands at $1,870, which is below the national median of $2,400. Factors influencing the tax bill include property size, location, and improvements, as well as any applicable exemptions that can reduce the taxable value. The tax bill can vary significantly, with the 25th percentile at $1,301 and the 90th percentile reaching up to $3,783, reflecting the diversity in property values and assessments across the area. Ownwell can assist homeowners by offering property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and market data, Ownwell identifies discrepancies and advocates for fairer evaluations, ensuring homeowners only pay their fair share. This can lead to significant savings and increased financial peace of mind.

Property Tax Bills Across Brookville, Dearborn County, Indiana

Source: Ownwell

$1,260

$1,805

$2,349

Median Brookville Tax Bill

$1,870

Median Dearborn County Tax Bill

$1,720

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Brookville, Dearborn County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47012	$803	$1,301	$1,870	$2,593	$3,783

Source: Ownwell