Fowler, Benton County, Indiana Property Taxes
The median property tax rate in Fowler, IN is 0.88%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Fowler, the typical annual property tax bill reaches $1,380, significantly 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 like the primary residence and agricultural exemptions. 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 Benton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fowler, Benton County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,328
$1,233
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, Benton County, Indiana
Property taxes in Fowler, Indiana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowler is 0.88%, 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 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 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Fowler provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowler Tax Rate
0.88%
Average Benton County Tax Rate
0.89%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowler, Benton County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47944 | 0.47% | 0.63% | 0.88% | 1.15% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Fowler, Benton County, 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 Benton County Assessor 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 47944 has the highest and lowest median tax bill of $1,380.
Property Tax Assessment Values Across Fowler, Benton County, Indiana
Source: Ownwell
$55,400
$158,875
$262,350
Average Fowler Assessed Value
$150,950
Average Benton County Assessed Value
$140,200
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowler, Benton County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47944 | $70,800 | $106,650 | $150,950 | $210,400 | $296,090 |
Source: Ownwell
Property Tax Bills Across Fowler, Benton County, Indiana
Property tax bills in Fowler, located in Benton County, Indiana, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. In Fowler, the median home price is $150,950. Homeowners here can expect their property tax bills to vary significantly, with the 25th percentile at $793 and the 75th percentile reaching $2,058. At the higher end, the 90th percentile tax bill is $3,011. These tax bills are influenced by various factors including property size, location, and any applicable exemptions. For instance, properties in the zip code 47944 have a median tax bill of $1,380. Compared to the national median property tax rate of 0.99%, Fowler's property tax rates can be considered relatively moderate, affecting homeowners by providing essential local services while also impacting their annual budget.
Average Fowler Tax Bill
$1,380
Average Benton County Tax Bill
$1,355
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowler, Benton County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47944 | $398 | $793 | $1,380 | $2,058 | $3,011 |
Source: Ownwell