Derby, Perry County, Indiana Property Taxes

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

Median Derby, IN effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Derby, IN home value: $104,250
Median annual Derby, IN tax bill: $1,137, $1,263 lower than the national median property tax bill of $2,400.

How are property taxes in Perry County calculated?

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

Last Updated March 1, 2025

Derby, Perry County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$1,136

$1,054

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

Property Tax Rates Across Derby, Perry 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. 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 Derby’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Property Tax Rates Across Derby, Perry County, Indiana

Source: Ownwell

0.90%

1.43%

1.96%

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 Derby Tax Rate

1.09%

Median Effective Perry County Tax Rate

0.94%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Derby, Perry County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47525	0.57%	0.85%	1.09%	1.94%	1.97%

Source: Ownwell

Property Tax Assessment Values Across Derby, Perry County, Indiana

When examining property taxes in Derby, 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 Perry 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 Perry 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 Derby. For example, the median home price in Derby is $104,250, with tax bills ranging significantly across the county. Zip code 47525 has the highest median home price at $104,250.

Property Tax Assessment Values Across Derby, Perry County, Indiana

Source: Ownwell

$31,600

$92,325

$153,050

Median Derby Market Value

$104,250

Median Perry County Market Value

$97,900

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Derby, Perry County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47525	$26,070	$53,475	$104,250	$156,300	$199,510

Source: Ownwell

Property Tax Bills Across Derby, Perry County, Indiana

In Derby, located in Perry County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $104,250, homeowners in Derby typically face a property tax bill that can range significantly, with the 25th percentile at $513 and the 90th percentile reaching up to $2,753. This variation highlights the influence of property value assessments and local tax rates on the final tax bill. Compared to the national median property tax bill of $2,400, Derby's tax bills can be both lower and higher, depending on the specific property. Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions, potentially reducing their tax burden. By identifying discrepancies in property assessments or uncovering qualifying exemptions, Ownwell helps homeowners achieve fairer tax bills, ensuring they do not overpay on their property taxes.

Property Tax Bills Across Derby, Perry County, Indiana

Source: Ownwell

$507

$1,042

$1,576

Median Derby Tax Bill

$1,137

Median Perry County Tax Bill

$927

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Derby, Perry County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47525	$270	$513	$1,137	$1,867	$2,753

Source: Ownwell