Fowler, Indiana Property Taxes
The median property tax rate in Fowler, IN is 0.69%, which is notably lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Fowler at $135,100, the typical annual property tax bill amounts to $1,028, falling below the national median of $2,690. Property taxes in Fowler are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Fowler's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fowler or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fowler, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$932
Ownwell’s Fowler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fowler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fowler to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fowler, Indiana
Property taxes in Fowler, Indiana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowler is 0.69%, which is lower than both the Indiana state median of 0.76% and the U.S. national median of 0.99%. Local government entities within Fowler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fowler estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Fowler's effective property tax rate to other counties in Indiana and the national median. For comparison, the 47944 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these figures compare with Fowler provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowler Tax Rate
0.69%
Average Warren County Tax Rate
0.86%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowler, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47944 | 0.55% | 0.66% | 0.69% | 1.21% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Fowler, Indiana
In Fowler, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Warren County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Fowler, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Fowler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 47944, with a median tax bill of $1,028.
Average Fowler Assessed Value
$135,100
Average Warren County Assessed Value
$119,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowler, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47944 | $93,480 | $118,800 | $135,100 | $160,950 | $194,520 |
Source: Ownwell
Property Tax Bills Across Fowler, Indiana
In Fowler, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to derive the annual tax bill. For instance, with a median home price of $135,100, homeowners in Fowler can expect their property tax bills to vary. The 25th percentile tax bill is around $968, while the 75th percentile tax bill is approximately $1,231. At the 90th percentile, the tax bill can reach up to $1,874. These tax bills are influenced by various factors, including property characteristics, market conditions, and local government budgets. For homeowners, understanding these elements is crucial as they directly impact the amount they owe annually. Compared to the national median property tax rate of 0.99%, Fowler's property tax bills reflect the unique economic and regulatory environment of Warren County. This variability in tax bills underscores the importance of accurate property assessments and staying informed about local tax policies.
Average Fowler Tax Bill
$1,028
Average Warren County Tax Bill
$1,064
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowler, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47944 | $857 | $968 | $1,028 | $1,231 | $1,874 |
Source: Ownwell