Fountain County, Indiana Property Taxes
The median property tax rate in Fountain County is 0.77%, which is lower than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Fountain County at $123,500, the typical annual property tax bill is approximately $966, well below the national median of $2,690. Property taxes in Fountain County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Fountain County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Attica or another part of Fountain County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fountain County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$951
$882
Ownwell’s Fountain County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Fountain County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Fountain County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Fountain County, Indiana
Property taxes in Fountain County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fountain County is 0.77%, which is lower than the Indiana state median of 0.85% and the U.S. national median of 0.99%. Local government entities within Fountain County set these rates annually, and they can vary significantly between different areas within the county. Each year, Fountain County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Fountain County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Wallace has one of the higher property tax rates in Indiana at 1.38%, while the city of Newtown boasts one of the lowest at 0.54%. Analyzing how Fountain County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Fountain County Tax Rate
0.77%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fountain County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Attica | 0.50% | 0.68% | 0.93% | 1.49% | 1.97% |
| Covington | 0.40% | 0.58% | 0.77% | 1.00% | 1.91% |
| Crawfordsville | N/A | N/A | N/A | N/A | N/A |
| Hillsboro | 0.34% | 0.46% | 0.61% | 1.06% | 1.68% |
| Kingman | 0.27% | 0.48% | 0.82% | 1.30% | 1.67% |
| Mellott | 0.37% | 0.46% | 0.84% | 1.66% | 2.43% |
| Newtown | 0.28% | 0.36% | 0.54% | 1.40% | 2.52% |
| Veedersburg | 0.31% | 0.47% | 0.66% | 1.06% | 1.88% |
| Wallace | N/A | N/A | N/A | N/A | N/A |
| Waynetown | 0.42% | 0.57% | 0.67% | 1.00% | 1.21% |
| Westpoint | N/A | N/A | N/A | N/A | N/A |
| Wingate | 0.41% | 0.55% | 0.59% | 0.75% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Fountain County, Indiana
In Fountain County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Fountain County Appraisal District. The assessed value, however, 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. Assessment notices in Fountain County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Crawfordsville has the highest median tax bill at $2,012, while Wallace has the lowest at $272. Being aware of these valuation processes in Fountain County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Fountain County, Indiana
Source: Ownwell
$60,050
$139,450
$218,850
Average Fountain County Assessed Value
$123,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fountain County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Attica | $45,050 | $74,025 | $109,350 | $167,500 | $240,000 |
| Covington | $68,770 | $104,600 | $149,400 | $208,125 | $294,270 |
| Crawfordsville | N/A | N/A | N/A | N/A | N/A |
| Hillsboro | $42,640 | $83,100 | $127,800 | $193,400 | $280,680 |
| Kingman | $9,200 | $28,950 | $97,850 | $154,450 | $225,360 |
| Mellott | $7,470 | $16,550 | $60,050 | $87,825 | $126,160 |
| Newtown | $13,120 | $37,925 | $72,050 | $101,650 | $125,680 |
| Veedersburg | $43,780 | $83,500 | $128,350 | $184,725 | $265,330 |
| Wallace | N/A | N/A | N/A | N/A | N/A |
| Waynetown | $102,800 | $132,975 | $180,250 | $316,500 | $449,050 |
| Westpoint | N/A | N/A | N/A | N/A | N/A |
| Wingate | $119,620 | $162,000 | $218,850 | $296,350 | $399,250 |
Source: Ownwell
Property Tax Bills Across Fountain County, Indiana
In Fountain 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 the county is $123,500. Property taxes are then applied to this assessed value using the local tax rate, which can vary depending on the specific area within the county. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners, this means that the amount they owe can differ significantly. For instance, the 25th percentile tax bill is $478, while the 75th percentile tax bill is $1,632. At the higher end, the 90th percentile tax bill reaches $2,526. Notably, the highest median tax bill in the county is found in Crawfordsville at $2,012, whereas Wallace has the lowest at $272. These variations highlight the importance of understanding local tax rates and assessed values, as they directly impact the financial obligations of homeowners.
Average Fountain County Tax Bill
$966
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Fountain County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Attica | $339 | $609 | $1,102 | $1,729 | $2,650 |
| Covington | $360 | $690 | $1,225 | $1,909 | $2,727 |
| Crawfordsville | N/A | N/A | N/A | N/A | N/A |
| Hillsboro | $242 | $404 | $881 | $1,482 | $2,340 |
| Kingman | $93 | $213 | $584 | $1,183 | $1,986 |
| Mellott | $102 | $222 | $363 | $775 | $1,208 |
| Newtown | $130 | $235 | $417 | $711 | $1,163 |
| Veedersburg | $213 | $454 | $902 | $1,490 | $2,444 |
| Wallace | N/A | N/A | N/A | N/A | N/A |
| Waynetown | $464 | $812 | $1,471 | $2,254 | $5,218 |
| Westpoint | N/A | N/A | N/A | N/A | N/A |
| Wingate | $495 | $944 | $1,270 | $2,104 | $3,508 |
Source: Ownwell