Example of Dubois County Property Tax Calculation
Dubois County calculates property taxes based on the assessed value of a property. The assessed value is determined by the county assessor's office and is based on the market value of the property.
To calculate the property tax, the assessed value is multiplied by the tax rate. The tax rate is set by the county government and is typically a percentage of the assessed value.
For example, if a property in Dubois County has an assessed value of $100,000 and the tax rate is 2%, the property tax would be $2,000 ($100,000 x 0.02).
It is important to note that property taxes may also include additional fees or special assessments for things like schools or fire departments. These additional fees are typically based on a set rate or calculation determined by the county government.
Overall, property taxes in Dubois County are calculated based on the assessed value of a property and the tax rate set by the county government.
If you want appeal your property tax assessment - contact your local tax assessor.
Dubois County Property Tax Rates
The Dubois County Property Tax rates can be found in the following table:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.5665 |
| County Cumulative Bridge | $0.0334 |
| County Cumulative Capital Development | $0.0291 |
| County Economic Development Income Tax | $0.025 |
| County Economic Development Property Tax | $0.025 |
| County Local Option Income Tax | $0.015 |
| County Local Option Property Tax | $0.015 |
| County Youth Impact | $0.005 |
| Dubois County School General | $0.8 |
| Dubois County School Debt Service | $0.15 |
| Greater Jasper Consolidated Schools | $0.9321 |
| Northeast Dubois County Schools | $0.78 |
It is important to note that these rates are subject to change and individuals should refer to the Dubois County Treasurer's Office for the most up-to-date information.
Who sets property tax rates in Dubois County ?
Who sets property tax rates in Dubois County?
The Dubois County Council is responsible for setting the property tax rates in Dubois County. The council is made up of seven elected officials who serve staggered four-year terms. They meet regularly throughout the year, and one of their primary duties is to set the county's annual budget, including property tax rates.
When are property tax rates set in Dubois County?
The Dubois County Council typically sets the property tax rates in the fall, usually in September or October. This is after they have reviewed the county's financial needs for the upcoming year and have determined how much revenue they need to collect through property taxes to meet those needs. Once the rates are set, property owners in Dubois County can expect to receive their tax bills in the mail in the coming weeks.
How are property tax rates determined in Dubois County?
Property tax rates in Dubois County are determined by a combination of factors. The council considers the county's overall financial needs, as well as any changes in property values or assessments. They also take into account the tax rates of other local entities, such as schools and municipalities, to ensure that the overall tax burden on property owners is fair and reasonable.
Once the council has considered all of these factors, they will set a tax rate for each $100 of assessed value. This rate will vary depending on the property's location and use, but property owners can expect to pay somewhere between 1% and 2% of their property's assessed value in property taxes each year.
Overall, while property taxes can be a significant expense for Dubois County property owners, the council works hard to ensure that the rates are fair, reasonable, and necessary to support the county's essential services and infrastructure.
Homestead exemptions in Dubois County ?
To help homeowners in Dubois County, Indiana navigate the various Homestead exemptions and deductions available, a table has been compiled below. The table includes columns for exemption, eligibility, amount, and notes, to provide a comprehensive overview.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Deduction | Owner-occupied principal residence | Up to $45,000 of assessed value | Must be applied for by December 31st of each year |
| Over 65 Deduction | Homeowner age 65 or older | Up to $12,480 of assessed value | Must be applied for by December 31st of each year |
| Supplemental Homestead Deduction | Owner-occupied primary residence with assessed value less than $600,000 | Up to $1,000 of assessed value | Automatically applied if eligible |
| Disabled Veteran Deduction | Veteran with service-related disability of 10% or more | Up to $37,680 of assessed value | Must provide proof of disability and honorable discharge |
| Surviving Spouse of Military or Public Safety Officer Deduction | Surviving spouse of military or public safety officer killed in the line of duty | Up to $37,680 of assessed value | Must provide proof of marriage and honorable discharge or line of duty death |
It is important to note that homeowners must apply for these exemptions and deductions by the stated deadline each year in order to receive the full benefit. Homeowners should also confirm their eligibility and any required documentation with their local county assessor's office.
By taking advantage of these Homestead exemptions and deductions, eligible homeowners in Dubois County can potentially reduce their property tax burden and save money.
When is Dubois County Property Tax due ?
Dubois County Property Tax is typically due in two installments. The first installment is due on May 10th, while the second installment is due on November 10th of each year.
To make a payment, residents of Dubois County can use various methods:
- Paying in person at the county treasurer's office using cash, check, or money order.
- Mailing a check or money order to the county treasurer's office.
- Paying online with a credit card or e-check through the county's website.
It's important to note that late payments will incur penalties and interest, so it's best to make payments on time. Additionally, if taxes are not paid by the due date, the county may place a lien on the property.
Overall, Dubois County makes it easy for residents to pay their property taxes in a timely and convenient manner.
If you have more questions - contact your local tax collector.
How is Dubois County Property Tax penalty calculated ?
The property tax penalty in Dubois County, Indiana is calculated based on the amount of unpaid taxes and the length of time they have been outstanding. The penalty starts at 5% of the unpaid amount after the due date, and increases by an additional 5% for every 6 months that the taxes remain unpaid, up to a maximum of 20%.
For example, let's say that a property owner in Dubois County owes $1,000 in property taxes for the year 2020. The due date for the taxes is May 10, 2021. If the owner fails to pay the taxes by the due date, they will incur a penalty of 5%, or $50. If the taxes remain unpaid for an additional 6 months, the penalty will increase to 10%, or $100. If the taxes are still unpaid after a year, the penalty will be 15%, or $150. And if the taxes remain unpaid for a total of 18 months, the penalty will reach the maximum of 20%, or $200.
To summarize, the Dubois County Property Tax penalty is calculated as follows:
- 5% of unpaid taxes after the due date
- Additional 5% for every 6 months that the taxes remain unpaid, up to a maximum of 20%
| Length of Time Unpaid | Penalty |
|---|---|
| Up to 6 months | 5% |
| 6-12 months | 10% |
| 12-18 months | 15% |
| Over 18 months | 20% |
It is important for property owners in Dubois County to pay their property taxes on time to avoid incurring penalties.
We recommend contacting the Dubois County Tax Office or a local tax professional for the most up-to-date and accurate information.