Fort Wayne, Indiana Property Taxes
The median property tax rate in Fort Wayne, IN is 1.08%, slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Fort Wayne at $168,000, the typical annual property tax bill reaches $1,808, which is below the national median of $2,690. Property taxes in Fort Wayne are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Wayne'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 Fort Wayne 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
Fort Wayne, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Fort Wayne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Wayne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Wayne 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 Fort Wayne, Indiana
Property taxes in Fort Wayne, Indiana, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Wayne is 1.08%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Fort Wayne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Wayne 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 Fort Wayne's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46803 zip code has the highest median property tax rate of 2.25%, while the 46774 zip code has the lowest median tax rate of 0.74%. Understanding how these cities compare with Fort Wayne provides valuable insights into the varying tax landscape across Allen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Wayne Tax Rate
1.08%
Average Allen County Tax Rate
1.04%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Wayne, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46743 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| 46748 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
| 46774 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
| 46802 | 0.68% | 0.94% | 2.23% | 2.25% | 2.25% |
| 46803 | 0.60% | 0.68% | 2.25% | 2.25% | 2.25% |
| 46804 | 0.98% | 1.07% | 1.08% | 1.08% | 1.17% |
| 46805 | 0.70% | 0.95% | 1.11% | 2.24% | 2.25% |
| 46806 | 0.57% | 0.68% | 2.00% | 2.25% | 2.25% |
| 46807 | 0.68% | 0.90% | 1.11% | 2.25% | 2.25% |
| 46808 | 0.62% | 0.75% | 1.06% | 2.25% | 2.25% |
| 46809 | 0.56% | 0.77% | 1.01% | 1.12% | 2.25% |
| 46814 | 0.67% | 0.71% | 0.76% | 1.08% | 1.09% |
| 46815 | 0.90% | 1.09% | 1.12% | 1.13% | 1.23% |
| 46816 | 0.57% | 0.73% | 0.98% | 1.00% | 2.00% |
| 46818 | 0.64% | 0.70% | 0.81% | 1.04% | 1.39% |
| 46819 | 0.52% | 0.67% | 0.84% | 1.11% | 1.21% |
| 46825 | 0.72% | 1.08% | 1.12% | 1.13% | 1.78% |
| 46835 | 0.71% | 0.96% | 1.12% | 1.13% | 1.17% |
| 46845 | 0.70% | 0.75% | 0.79% | 1.03% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Fort Wayne, Indiana
In Fort Wayne, 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 Allen 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 Fort Wayne, 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. For instance, the highest median tax bill in the area is $3,122 in the 46814 zip code, while the lowest is $751 in the 46803 zip code. 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 Fort Wayne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fort Wayne Assessed Value
$168,000
Average Allen County Assessed Value
$172,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Wayne, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46743 | $291,000 | $291,000 | $291,000 | $291,000 | $291,000 |
| 46748 | $89,800 | $89,800 | $89,800 | $89,800 | $89,800 |
| 46774 | $106,000 | $106,000 | $106,000 | $106,000 | $106,000 |
| 46802 | $35,900 | $48,200 | $70,900 | $146,100 | $270,720 |
| 46803 | $27,400 | $36,300 | $51,400 | $71,450 | $104,920 |
| 46804 | $142,600 | $184,300 | $227,200 | $287,500 | $359,300 |
| 46805 | $57,220 | $91,200 | $122,650 | $154,700 | $193,490 |
| 46806 | $30,800 | $40,100 | $54,700 | $78,750 | $127,900 |
| 46807 | $50,300 | $70,000 | $101,700 | $146,500 | $200,700 |
| 46808 | $51,400 | $70,925 | $105,600 | $147,400 | $201,400 |
| 46809 | $60,000 | $88,500 | $116,400 | $153,100 | $197,380 |
| 46814 | $216,800 | $275,000 | $364,500 | $475,300 | $659,400 |
| 46815 | $128,500 | $151,300 | $176,250 | $206,500 | $242,190 |
| 46816 | $73,030 | $99,400 | $140,200 | $174,000 | $229,470 |
| 46818 | $127,500 | $172,050 | $219,000 | $272,350 | $333,700 |
| 46819 | $96,800 | $119,800 | $150,500 | $188,050 | $240,240 |
| 46825 | $117,580 | $147,200 | $186,100 | $235,100 | $300,100 |
| 46835 | $130,410 | $154,200 | $189,200 | $251,500 | $344,800 |
| 46845 | $186,830 | $234,000 | $297,500 | $380,500 | $477,870 |
Source: Ownwell
Property Tax Bills Across Fort Wayne, Indiana
In Fort Wayne, Allen County, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the property tax rate to determine the annual tax bill. Factors such as property size, location, and any improvements or renovations can influence the assessed value. For example, homeowners in Fort Wayne with a median home price of $168,000 can expect varying tax bills. At the 25th percentile, tax bills are around $1,148, while at the 75th percentile, they can reach $2,567. The top 10% of tax bills can be as high as $3,516. The highest median tax bill in the area is $3,122 in the 46814 zip code, whereas the lowest is $751 in the 46803 zip code. These tax bills are crucial for homeowners as they directly impact annual expenses. Understanding how these taxes are calculated helps homeowners budget more effectively and anticipate future costs.
Average Fort Wayne Tax Bill
$1,808
Average Allen County Tax Bill
$1,797
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Wayne, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46743 | $2,242 | $2,242 | $2,242 | $2,242 | $2,242 |
| 46748 | $1,293 | $1,293 | $1,293 | $1,293 | $1,293 |
| 46774 | $787 | $787 | $787 | $787 | $787 |
| 46802 | $314 | $620 | $1,221 | $2,380 | $3,972 |
| 46803 | $224 | $392 | $751 | $1,153 | $1,571 |
| 46804 | $1,519 | $2,014 | $2,541 | $3,256 | $4,132 |
| 46805 | $580 | $1,013 | $1,472 | $2,002 | $2,765 |
| 46806 | $282 | $433 | $825 | $1,187 | $1,540 |
| 46807 | $463 | $843 | $1,325 | $1,884 | $2,545 |
| 46808 | $465 | $863 | $1,272 | $1,710 | $2,254 |
| 46809 | $422 | $800 | $1,217 | $1,746 | $2,277 |
| 46814 | $1,541 | $2,134 | $3,122 | $4,336 | $6,123 |
| 46815 | $1,227 | $1,663 | $1,998 | $2,449 | $3,046 |
| 46816 | $497 | $882 | $1,375 | $1,776 | $2,402 |
| 46818 | $964 | $1,440 | $1,927 | $2,509 | $3,153 |
| 46819 | $554 | $926 | $1,322 | $1,834 | $2,481 |
| 46825 | $1,046 | $1,570 | $2,133 | $2,804 | $3,650 |
| 46835 | $1,212 | $1,634 | $2,081 | $2,794 | $3,700 |
| 46845 | $1,480 | $1,931 | $2,545 | $3,330 | $4,341 |
Source: Ownwell