Lincoln City, Spencer County, Indiana Property Taxes
Median LINCOLN CITY, IN effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median LINCOLN CITY, IN home value: $118,550
Median annual LINCOLN CITY, IN tax bill: $525, $1,875 lower than the national median property tax bill of $2,400.
How are property taxes in Spencer calculated?
Property taxes in LINCOLN 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 LINCOLN CITY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LINCOLN CITY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lincoln City, Spencer County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.49%
Estimate Property Tax Bill
$581
$539
Property Tax Rates Across Lincoln City, Spencer County, Indiana
Local government entities are responsible for setting tax rates, which can differ significantly across a state. This is because each year, counties estimate their required budgets for services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While there are votes and laws that influence the setting of tax rates and budgets, this is essentially the annual process.
In Lincoln City, located in Dubois County, Indiana, the property tax rate is lower than the national median of 1.02%. Indiana's median property tax rate is also below the national level, reflecting the state's relatively low property tax burden. Lincoln City shares its rate with other parts of Dubois County, contributing to a more affordable living cost compared to the U.S. average. Despite the low tax rates, residents still benefit from essential services funded by these taxes. Comparing Lincoln City’s effective property tax rate to other cities in Indiana and the national median offers valuable insight into the region's fiscal landscape.
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 Lincoln City Tax Rate
0.49%
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 Spencer County Tax Rate
0.59%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lincoln City, Spencer County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47552 | 0.21% | 0.34% | 0.49% | 0.77% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln City, Spencer County, Indiana
When examining property taxes in Lincoln 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 Spencer County Assessor 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 Spencer 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 Lincoln City.
For example, the median home price in Lincoln City is $118,550, with tax bills ranging significantly across the county. Zip code 47552 has the highest median home price at $118,550.
Property Tax Assessment Values Across Lincoln City, Spencer County, Indiana
Source: Ownwell
$18,650
$116,025
$213,400
Median Lincoln City Market Value
$118,550
Median Spencer County Market Value
$127,000
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lincoln City, Spencer County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47552 | $24,150 | $62,375 | $118,550 | $170,150 | $261,100 |
Source: Ownwell
Property Tax Bills Across Lincoln City, Spencer County, Indiana
In Lincoln City, located in Spencer County, Indiana, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors influencing the tax bill include the property's location, improvements, and any applicable exemptions or deductions. Homeowners in Lincoln City experience a median property tax bill of $525, which is significantly lower than the national median property tax bill of $2,400. However, tax bills can vary widely, with the 25th percentile at $241 and the 90th percentile reaching $1,589.
Navigating property taxes can be challenging, but Ownwell offers expert property tax appeal and exemption services to help homeowners potentially reduce their tax burden. By analyzing individual property assessments and identifying discrepancies or opportunities for exemptions, Ownwell assists homeowners in maximizing their savings, ensuring they only pay their fair share in property taxes.
Median Lincoln City Tax Bill
$525
Median Spencer County Tax Bill
$731
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Lincoln City, Spencer County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47552 | $125 | $241 | $525 | $898 | $1,589 |
Source: Ownwell