Benton County, Indiana Property Taxes

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

Median Benton County effective property tax rate: 0.89%, significantly lower than the national median of 1.02%. Median Benton County home value: $140,200. Median annual Benton County tax bill: $1,355, which is $1,045 lower than the national median property tax bill of $2,400.

How are property taxes in Benton County calculated?

Property taxes in Benton County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Fowler or another part of Benton County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Benton County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$1,248

$1,158

Ownwell’s Benton County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Benton County with just two data points.

By entering your property's estimated assessed value, our calculator applies Benton County’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 more 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 Benton County.

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

Property Tax Rates Across Benton County, Indiana

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Benton County, Indiana, the effective property tax rate is 0.89%, slightly below the national median of 1.02%. The county's rate reflects a balance between providing necessary services and maintaining an affordable tax burden for property owners. Within the state, tax rates can differ significantly. For instance, Ambia has the highest median tax rate at 1.09%, while Templeton boasts the lowest at 0.65%.

These variations highlight the importance of understanding local tax landscapes, especially when compared to the national median property tax bill of $2,400. By examining these differences, property owners can better navigate their tax liabilities and potentially seek opportunities for appeals or exemptions.

Property Tax Rates Across Benton County, Indiana

Source: Ownwell

0.65%

0.87%

1.09%

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 Benton County Tax Rate

0.89%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Benton County, Indiana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Ambia	0.58%	0.70%	1.09%	2.32%	3.17%
Boswell	0.52%	0.63%	0.95%	2.00%	2.36%
Earl Park	0.32%	0.51%	0.75%	1.15%	1.98%
Fowler	0.47%	0.63%	0.88%	1.15%	1.79%
Goodland	0.47%	0.64%	0.76%	1.01%	1.18%
Otterbein	0.61%	0.75%	0.94%	1.27%	2.16%
Oxford	0.51%	0.69%	0.91%	1.17%	2.27%
Pine Village	N/A	N/A	N/A	N/A	N/A
Remington	0.49%	0.57%	0.68%	0.95%	1.09%
Templeton	0.23%	0.31%	0.65%	1.37%	1.47%
Wolcott	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Benton County, Indiana

When examining property taxes in Benton County, 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 Benton County Assessor 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: In Benton County, assessment notices are sent in the spring each year. They’ll typically reach 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 Benton County. For example, the median tax bill in Benton County is $1,996, with tax bills ranging significantly across the county. Remington has the highest median home price at $262,350.

Property Tax Assessment Values Across Benton County, Indiana

Source: Ownwell

$55,400

$158,875

$262,350

Median Benton County Market Value

$140,200

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Benton County, Indiana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Ambia	$12,500	$34,100	$55,400	$100,500	$203,300
Boswell	$40,040	$67,100	$99,100	$146,950	$226,520
Earl Park	$41,160	$76,375	$109,250	$177,600	$278,650
Fowler	$70,800	$106,650	$150,950	$210,400	$296,090
Goodland	$140,860	$165,200	$232,900	$341,500	$501,460
Otterbein	$89,240	$115,550	$151,000	$216,800	$343,720
Oxford	$71,820	$103,050	$145,500	$207,600	$349,700
Pine Village	N/A	N/A	N/A	N/A	N/A
Remington	$152,170	$196,775	$262,350	$395,550	$546,850
Templeton	$10,070	$35,800	$85,100	$113,025	$159,110
Wolcott	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Benton County, Indiana

In Benton County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Benton County is $140,200, which serves as a benchmark for calculating property taxes. Homeowners in this county experience a range of tax bills, with the 25th percentile paying around $716, while those in the 75th percentile face tax bills of approximately $2,079. For those at the higher end, the 90th percentile, the tax bill can reach up to $3,158. These figures highlight the variability of property taxes within the county, influenced by factors such as property location and assessed value. For instance, homeowners in Goodland face the highest median tax bill of $1,996, while those in Templeton benefit from the lowest median tax bill of $378. Compared to the national median property tax bill of $2,400, Benton County offers a relatively affordable tax environment, impacting homeowners' overall financial planning and housing affordability.

Property Tax Bills Across Benton County, Indiana

Source: Ownwell

$378

$1,187

$1,996

Median Benton County Tax Bill

$1,355

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Benton County, Indiana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Ambia	$232	$353	$678	$1,355	$1,911
Boswell	$345	$555	$1,107	$1,650	$2,420
Earl Park	$203	$451	$895	$1,603	$2,528
Fowler	$398	$793	$1,380	$2,058	$3,011
Goodland	$652	$1,107	$1,996	$3,015	$5,126
Otterbein	$651	$1,080	$1,700	$2,546	$3,837
Oxford	$437	$868	$1,488	$2,220	$3,351
Pine Village	N/A	N/A	N/A	N/A	N/A
Remington	$797	$1,294	$1,766	$3,321	$5,210
Templeton	$105	$216	$378	$704	$1,065
Wolcott	N/A	N/A	N/A	N/A	N/A

Source: Ownwell