Dana, Vermillion County, Indiana Property Taxes

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

Median DANA, IN effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median DANA, IN home value: $78,900
Median annual DANA, IN tax bill: $936, $1,464 lower than the national median property tax bill of $2,400.

How are property taxes in Vermillion calculated?

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

Last Updated March 1, 2025

Dana, Vermillion County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$828

$769

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

Property Tax Rates Across Dana, Vermillion County, Indiana

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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 Dana’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 Dana, Vermillion County, Indiana

Source: Ownwell

0.93%

1.28%

1.62%

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 Dana Tax Rate

1.05%

Median Effective Vermillion County Tax Rate

1.02%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Dana, Vermillion County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47847	0.52%	0.79%	1.05%	1.92%	2.36%

Source: Ownwell

Property Tax Assessment Values Across Dana, Vermillion County, Indiana

When examining property taxes in Dana, 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 Vermillion 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 Vermillion County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Dana. For example, the median home price in Dana is $78,900, with tax bills ranging significantly across the county. Zip code 47847 has the highest median home price at $78,900.

Property Tax Assessment Values Across Dana, Vermillion County, Indiana

Source: Ownwell

$38,300

$79,750

$121,200

Median Dana Market Value

$78,900

Median Vermillion County Market Value

$78,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Dana, Vermillion County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47847	$25,310	$54,175	$78,900	$144,800	$210,780

Source: Ownwell

Property Tax Bills Across Dana, Vermillion County, Indiana

Property tax bills in Dana, located in Vermillion County, Indiana, are calculated based on the assessed value of a property. The assessed value is determined by local assessors who evaluate the property's market value. In Dana, the median home price is $78,900, which influences the property tax bill. The property tax rate in this area is typically lower than the national median rate of 1.02%. As a result, homeowners in Dana often experience lower tax bills, with the 25th percentile tax bill at $463 and the 75th percentile at $1,723. However, some homeowners may face higher bills, with the 90th percentile reaching $2,874. This variability can significantly impact homeowners' finances. Ownwell assists homeowners by identifying potential savings through appealing incorrect assessments and ensuring all eligible exemptions are applied. By leveraging their expertise, homeowners can potentially reduce their property tax burden, ensuring they pay only their fair share.

Property Tax Bills Across Dana, Vermillion County, Indiana

Source: Ownwell

$316

$722

$1,127

Median Dana Tax Bill

$936

Median Vermillion County Tax Bill

$864

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Dana, Vermillion County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47847	$230	$463	$936	$1,723	$2,874

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Vermillion Tax Assessor
Website	auditor.vermillioncounty83.us