Deedsville, Miami County, Indiana Property Taxes
Median Deedsville, IN effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Deedsville, IN home value: $24,850
Median annual Deedsville, IN tax bill: $113, $2,287 lower than the national median property tax bill of $2,400.
How are property taxes in Miami County calculated?
Property taxes in Deedsville, 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 Deedsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Deedsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Deedsville, Miami County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$187
$174
Property Tax Rates Across Deedsville, Miami County, Indiana
Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. Each year, counties estimate their required budgets to provide essential services and divide that by the total assessed value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Deedsville, located in Miami County, Indiana, the effective property tax rate is 0.73%, which is notably lower than the national median property tax rate of 1.02%. This makes Deedsville an attractive location for property owners seeking lower tax burdens. When comparing Deedsville’s rate to other cities in Indiana, it remains consistent, as it matches both the highest and lowest median property tax rates within the state. This consistency offers a stable tax environment for residents. Understanding these rates can be crucial for property owners looking to manage their expenses effectively.
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 Deedsville Tax Rate
0.60%
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 Miami County Tax Rate
1.00%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Deedsville, Miami County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46921 | 0.35% | 0.35% | 0.60% | 1.21% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Deedsville, Miami County, Indiana
When examining property taxes in Deedsville, 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 Miami 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 Miami 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 Deedsville. For example, the median home price in Deedsville is $24,850, with tax bills ranging significantly across the county. Zip code 46921 has the highest median home price at $24,850.
Property Tax Assessment Values Across Deedsville, Miami County, Indiana
Source: Ownwell
$31,200
$104,875
$178,550
Median Deedsville Market Value
$31,200
Median Miami County Market Value
$95,750
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Deedsville, Miami County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46921 | $4,700 | $12,600 | $31,200 | $42,200 | $57,700 |
Source: Ownwell
Property Tax Bills Across Deedsville, Miami County, Indiana
In Deedsville, Miami County, Indiana, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in this area is $24,850, significantly lower than the national median. This contributes to a relatively modest property tax burden. The tax bill for homeowners in the 25th percentile is approximately $91, while those in the 75th percentile pay around $194. Homeowners in the 90th percentile face a tax bill of about $290. These figures are notably lower than the national median property tax bill of $2,400.
Factors influencing the tax bill include the assessed value of the property and any applicable exemptions. Homeowners can benefit from appealing their property assessments if they believe their property is over-assessed. This is where Ownwell can make a significant difference. By leveraging expert knowledge and experience, Ownwell helps homeowners navigate the appeal process, potentially reducing their property tax bills and ensuring they are not paying more than necessary.
Median Deedsville Tax Bill
$160
Median Miami County Tax Bill
$885
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Deedsville, Miami County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46921 | $63 | $110 | $160 | $234 | $265 |
Source: Ownwell