Ferdinand, Dubois County, Indiana Property Taxes
Median Ferdinand, IN effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Ferdinand, IN home value: $195,200
Median annual Ferdinand, IN tax bill: $1,633, $767 lower than the national median property tax bill of $2,400.
How are property taxes in Dubois County calculated?
Property taxes in Ferdinand, 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 Ferdinand’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ferdinand, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ferdinand, Dubois County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,542
$1,431
Property Tax Rates Across Ferdinand, Dubois County, Indiana
Local government entities are responsible for setting property tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Ferdinand, located in Dubois County, the effective property tax rate is aligned with the county's median rate of 0.79%, which is notably below the national median of 1.02%. This lower rate can be advantageous for property owners in Ferdinand, providing them with a more affordable tax bill compared to the national average. Such rates can influence decisions for potential homeowners or investors considering property in the area. Comparing Ferdinand's effective property tax rate to other cities within Indiana and the national median offers valuable insight into the local tax landscape. This information can be crucial for those looking to understand the financial implications of owning property in this region.
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 Ferdinand Tax Rate
0.79%
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 Dubois County Tax Rate
0.85%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ferdinand, Dubois County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47532 | 0.48% | 0.65% | 0.79% | 1.01% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Ferdinand, Dubois County, Indiana
When examining property taxes in Ferdinand, 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 Dubois 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 Dubois 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 Ferdinand.
For example, the median home price in Ferdinand is $195,200, with tax bills ranging significantly across the county. Zip code 47532 has the highest median home price at $195,200.
Property Tax Assessment Values Across Ferdinand, Dubois County, Indiana
Source: Ownwell
$108,300
$189,400
$270,500
Median Ferdinand Market Value
$195,200
Median Dubois County Market Value
$177,500
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ferdinand, Dubois County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47532 | $92,240 | $138,100 | $195,200 | $263,100 | $359,600 |
Source: Ownwell
Property Tax Bills Across Ferdinand, Dubois County, Indiana
Median Ferdinand Tax Bill
$1,633
Median Dubois County Tax Bill
$1,568
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Ferdinand, Dubois County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47532 | $482 | $955 | $1,633 | $2,398 | $3,423 |
Source: Ownwell