Garrett, Dekalb County, Indiana Property Taxes
Median Garrett, IN effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Garrett, IN home value: $135,250
Median annual Garrett, IN tax bill: $1,083, $1,317 lower than the national median property tax bill of $2,400.
How are property taxes in DeKalb calculated?
Property taxes in Garrett, 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 Garrett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Garrett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Garrett, Dekalb County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$1,041
$966
Property Tax Rates Across Garrett, Dekalb County, Indiana
Local government entities set tax rates, which can vary widely within a state. This variation is due to the annual process where each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the process in a nutshell.
In Garrett, located in DeKalb County, Indiana, the effective property tax rate is 0.77%. This rate is consistent across the county, indicating a uniform approach to property tax assessment within the area. Compared to the national median property tax rate of 1.02%, Garrett's rate is significantly lower, offering property owners a more favorable tax environment. This can be a compelling factor for potential homeowners considering a move to this region, as lower property taxes can contribute to reduced overall housing costs.
When comparing Garrett's property tax rate to other cities in Indiana, it's evident that Garrett maintains a competitive edge. This consistency in tax rates can provide financial predictability for residents, making Garrett an attractive option for those seeking affordability and stability in property taxes.
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 Garrett Tax Rate
0.77%
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 Dekalb County Tax Rate
0.70%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Garrett, Dekalb County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46738 | 0.37% | 0.58% | 0.77% | 0.97% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Garrett, Dekalb County, Indiana
When examining property taxes in Garrett, 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 DeKalb County Assessor's Office 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 DeKalb 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 Garrett. For example, the median home price in Garrett is $135,250, with tax bills ranging significantly across the county. Zip code 46738 has the highest median home price at $135,250.
Property Tax Assessment Values Across Garrett, Dekalb County, Indiana
Source: Ownwell
$117,200
$195,300
$273,400
Median Garrett Market Value
$135,250
Median Dekalb County Market Value
$174,700
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Garrett, Dekalb County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46738 | $59,700 | $98,600 | $135,250 | $201,975 | $298,050 |
Source: Ownwell
Property Tax Bills Across Garrett, Dekalb County, Indiana
Median Garrett Tax Bill
$1,083
Median Dekalb County Tax Bill
$1,248
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Garrett, Dekalb County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46738 | $266 | $602 | $1,083 | $1,780 | $2,681 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| DeKalb Tax Assessor | |
| Website | beacon.schneidercorp.com |