Oakland City, Warrick County, Indiana Property Taxes

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

Median OAKLAND CITY, IN effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median OAKLAND CITY, IN home value: $200,600
Median annual OAKLAND CITY, IN tax bill: $891, $1,509 lower than the national median property tax bill of $2,400.

How are property taxes in Warrick 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, Warrick County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.48%

Estimate Property Tax Bill

$963

$894

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 Warrick County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Oakland City, Warrick County, Indiana

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Oakland City, located in Gibson County, Indiana, the property tax rate is notably different compared to other cities within the state. The effective property tax rate in this city is significantly below the national median property tax rate of 1.02%. This lower rate can be advantageous for property owners, leading to potentially lower annual tax bills compared to the national median property tax bill of $2400.

Comparing Oakland City's effective property tax rate to other cities in Indiana and the median property tax rates in the state and the U.S. provides valuable insights for property owners. Understanding these differences can help residents make informed decisions about property investments and financial planning.

Property Tax Rates Across Oakland City, Warrick County, Indiana

Source: Ownwell

0.64%

0.76%

0.89%

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

0.48%

Median Effective Warrick County Tax Rate

0.75%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Oakland City, Warrick County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47660	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Oakland City, Warrick 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 Warrick 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.

Assessment notices: Warrick County sends assessment notices in the spring each year, typically reaching 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 Oakland City. For example, the median home price in Oakland City is $200,600, with tax bills ranging significantly across the county.

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

Source: Ownwell

$98,600

$170,800

$243,000

Median Oakland City Market Value

$200,600

Median Warrick County Market Value

$208,800

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47660	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Oakland City, Warrick County, Indiana

In Oakland City, located in Warrick County, IN, property tax bills are calculated based on the assessed value of your home. The local tax rate is applied to this assessed value, determining the annual tax bill. For many homeowners, this tax bill can be a significant expense. With a median home price of $200,600, property taxes in this area can vary widely. For instance, the 25th percentile tax bill is $734, while the 75th percentile reaches $1,243, and the 90th percentile is $1,392. These figures show the range of property tax bills homeowners might face, depending on their property's assessed value and specific local rates. Compared to the national median property tax bill of $2,400, Oakland City's taxes are generally lower. However, for homeowners looking to reduce their tax burden further, Ownwell offers services to appeal and potentially lower their property tax assessments. By leveraging expert knowledge and local insights, Ownwell can help identify opportunities for savings, ensuring homeowners pay only their fair share.

Property Tax Bills Across Oakland City, Warrick County, Indiana

Source: Ownwell

$609

$1,227

$1,844

Median Oakland City Tax Bill

$891

Median Warrick County Tax Bill

$1,576

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Oakland City, Warrick County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47660	N/A	N/A	N/A	N/A	N/A

Source: Ownwell