Fowler, Indiana Property Taxes
The median property tax rate in Fowler, IN is 0.48%, significantly 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 $340,200, the typical annual property tax bill amounts to $1,668, well 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 substantial 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
0.48%
Estimate Property Tax Bill
$1,633
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 vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowler is 0.48%, which is lower than both the Indiana state median 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 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Fowler provides valuable insights into the varying tax landscape across White County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowler Tax Rate
0.48%
Average White County Tax Rate
0.74%
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 | 0.47% | 0.47% | 0.48% | 0.49% | 0.50% |
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 White 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 highest and lowest median tax bills in the area are both $1,668, found in zip code 47944.
Average Fowler Assessed Value
$340,200
Average White County Assessed Value
$154,000
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 | $220,840 | $265,600 | $340,200 | $414,800 | $459,560 |
Source: Ownwell
Property Tax Bills Across Fowler, Indiana
In Fowler, located in White County, IN, property tax bills are calculated by multiplying the assessed value of the property by the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. The median home price in Fowler is $340,200, and the property tax rate is 0.99%, which aligns with the national median rate. Homeowners in Fowler can expect their property tax bills to vary. For instance, the 25th percentile tax bill is $1,280, while the 75th percentile tax bill is $2,056. At the 90th percentile, the tax bill reaches $2,289. These variations are influenced by factors such as property size, location, and any applicable exemptions. Understanding these factors can help homeowners anticipate their annual tax liabilities and budget accordingly. The highest and lowest median tax bills in the area are both $1,668, indicating a relatively consistent tax environment within the zip code 47944.
Average Fowler Tax Bill
$1,668
Average White County Tax Bill
$1,109
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 | $1,047 | $1,280 | $1,668 | $2,056 | $2,289 |
Source: Ownwell