Oakland City, Gibson County, Indiana Property Taxes

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

Median OAKLAND CITY, IN effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but equal to the Indiana state median of 0.99%.
Median OAKLAND CITY, IN home value: $102,500
Median annual OAKLAND CITY, IN tax bill: $1,081, $1,319 lower than the national median property tax bill of $2,400.

How are property taxes in Gibson calculated?

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

Last Updated March 1, 2025

Oakland City, Gibson County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$1,015

$942

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

Property Tax Rates Across Oakland City, Gibson County, Indiana

Local government entities set tax rates, which can vary widely within a state. 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 are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Oakland City, located in Gibson County, Indiana, the effective property tax rate reflects this process. When compared to other cities in Indiana, Oakland City's tax rate shows how local decisions impact the financial responsibilities of property owners. The median property tax rate in Indiana stands slightly below the national median of 1.02%, indicating a relatively favorable tax climate for property owners in the state. By understanding these rates, property owners can better anticipate their financial obligations and consider appealing if they believe their property is over-assessed. With the right insights and support, navigating the complexities of property taxes becomes a more manageable task.

Property Tax Rates Across Oakland City, Gibson County, Indiana

Source: Ownwell

0.67%

1.17%

1.66%

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 Oakland City Tax Rate

0.99%

Median Effective Gibson County Tax Rate

0.95%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Oakland City, Gibson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47660	0.50%	0.77%	0.99%	1.59%	2.20%

Source: Ownwell

Property Tax Assessment Values Across Oakland City, Gibson County, Indiana

When examining property taxes in Oakland City, 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 Gibson 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 Gibson 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 Oakland City.

For example, the median home price in Oakland City is $102,500, with tax bills ranging significantly across the county. Zip code 47660 has the highest median home price at $102,500.

Property Tax Assessment Values Across Oakland City, Gibson County, Indiana

Source: Ownwell

$6,800

$120,400

$234,000

Median Oakland City Market Value

$102,500

Median Gibson County Market Value

$136,300

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Oakland City, Gibson County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47660	$35,360	$66,900	$102,500	$154,300	$207,380

Source: Ownwell

Property Tax Bills Across Oakland City, Gibson County, Indiana

In Oakland City, located in Gibson County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to establish the annual tax bill. With the median home price in the area at $102,500, homeowners can expect varying tax bills. For example, those in the 25th percentile may pay around $609, while those in the 75th percentile might face bills closer to $1,637. The tax bill at the 90th percentile is approximately $2,346, indicating a range that reflects different property values and tax rates within the community. Compared to the national median property tax bill of $2,400, Oakland City's figures provide some relief for homeowners. However, navigating property tax assessments can be challenging. Ownwell assists homeowners by identifying potential savings through tax appeals and exemptions. By leveraging local expertise, Ownwell ensures that homeowners are not overpaying, helping them achieve significant savings on their property tax bills.

Property Tax Bills Across Oakland City, Gibson County, Indiana

Source: Ownwell

$138

$1,362

$2,585

Median Oakland City Tax Bill

$1,081

Median Gibson County Tax Bill

$1,336

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Oakland City, Gibson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47660	$271	$609	$1,081	$1,637	$2,346

Source: Ownwell