Grant County, Indiana Property Taxes
The median property tax rate in Grant County is 0.87%, 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 Grant County at $99,900, the typical annual property tax bill is $892, significantly below the national median of $2,690. Property taxes in Grant County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Grant 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 Marion or another part of Grant County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grant County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$869
$807
Ownwell’s Grant County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grant County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Grant 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 Grant County, Indiana
Property taxes in Grant County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Grant County is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Grant County set these rates annually, and they can vary significantly between different areas within the county. Each year, Grant 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. For comparison, the city of Fowlerton has one of the higher property tax rates in Indiana at 1.91%, while the city of Hartford City boasts one of the lowest at 0.62%. Analyzing how Grant County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Grant County Tax Rate
0.87%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grant County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Converse | 0.39% | 0.64% | 0.89% | 1.21% | 1.68% |
| Elwood | 0.25% | 0.59% | 0.74% | 1.16% | 1.48% |
| Fairmount | 0.38% | 0.54% | 0.76% | 1.22% | 1.87% |
| Fowlerton | 0.45% | 0.63% | 1.91% | 2.03% | 3.00% |
| Gas City | 0.40% | 0.60% | 0.83% | 1.31% | 2.00% |
| Gaston | N/A | N/A | N/A | N/A | N/A |
| Hartford City | 0.19% | 0.41% | 0.62% | 0.74% | 1.04% |
| Jonesboro | 0.41% | 0.63% | 0.86% | 1.32% | 2.00% |
| La Fontaine | 0.46% | 0.69% | 0.96% | 1.43% | 1.60% |
| Marion | 0.41% | 0.64% | 0.89% | 1.79% | 2.03% |
| Matthews | 0.34% | 0.45% | 0.64% | 1.56% | 2.23% |
| Sims | 0.31% | 0.39% | 0.77% | 1.55% | 2.60% |
| Summitville | N/A | N/A | N/A | N/A | N/A |
| Swayzee | 0.40% | 0.59% | 0.82% | 1.13% | 1.86% |
| Sweetser | 0.37% | 0.58% | 0.79% | 0.97% | 1.65% |
| Upland | 0.38% | 0.57% | 0.74% | 1.05% | 1.47% |
| Van Buren | 0.34% | 0.50% | 0.70% | 1.32% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Grant County, Indiana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Grant. 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 Grant 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 Grant 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. In Grant, La Fontaine has the highest median tax bill at $2,226, while Fowlerton has the lowest at $489. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Grant County Assessed Value
$99,900
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grant County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Converse | $61,320 | $92,600 | $135,300 | $183,100 | $265,340 |
| Elwood | $34,360 | $87,950 | $117,400 | $193,400 | $338,900 |
| Fairmount | $43,710 | $79,100 | $115,050 | $162,050 | $237,590 |
| Fowlerton | $13,500 | $24,000 | $42,400 | $75,250 | $94,180 |
| Gas City | $51,840 | $83,525 | $111,350 | $148,175 | $205,390 |
| Gaston | N/A | N/A | N/A | N/A | N/A |
| Hartford City | $65,720 | $121,050 | $188,600 | $217,050 | $282,820 |
| Jonesboro | $39,960 | $69,200 | $100,300 | $149,000 | $217,800 |
| La Fontaine | $124,020 | $164,400 | $231,300 | $266,800 | $301,300 |
| Marion | $27,800 | $49,600 | $86,200 | $149,025 | $211,580 |
| Matthews | $24,370 | $55,750 | $83,650 | $105,950 | $137,470 |
| Sims | $23,770 | $49,275 | $80,600 | $104,825 | $123,820 |
| Summitville | N/A | N/A | N/A | N/A | N/A |
| Swayzee | $61,400 | $88,750 | $123,300 | $168,900 | $230,100 |
| Sweetser | $67,420 | $100,500 | $138,700 | $180,500 | $231,680 |
| Upland | $70,680 | $106,950 | $156,100 | $222,375 | $292,210 |
| Van Buren | $35,240 | $62,125 | $87,650 | $148,775 | $218,330 |
Source: Ownwell
Property Tax Bills Across Grant County, Indiana
In Grant County, Indiana, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors such as the property's location, size, and condition can influence its assessed value. For instance, in Grant County, the median home price is $99,900. Tax bills vary significantly, with the 25th percentile at $513 and the 75th percentile at $1,463. The highest median tax bill in the county is $2,226 in La Fontaine, while the lowest is $489 in Fowlerton. These property tax bills can significantly impact homeowners, as they represent a recurring expense. Compared to the national median property tax rate of 0.99%, Grant County's property tax rates can be seen as relatively moderate, offering some relief to homeowners in the area.
Average Grant County Tax Bill
$892
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Grant County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Converse | $318 | $627 | $1,116 | $1,888 | $3,180 |
| Elwood | $234 | $359 | $1,026 | $1,825 | $4,048 |
| Fairmount | $303 | $513 | $900 | $1,507 | $2,300 |
| Fowlerton | $197 | $297 | $489 | $829 | $1,452 |
| Gas City | $334 | $570 | $922 | $1,469 | $2,135 |
| Gaston | N/A | N/A | N/A | N/A | N/A |
| Hartford City | $233 | $498 | $879 | $1,255 | $2,291 |
| Jonesboro | $325 | $531 | $939 | $1,467 | $2,179 |
| La Fontaine | $623 | $1,016 | $2,226 | $3,152 | $4,192 |
| Marion | $290 | $502 | $858 | $1,393 | $2,149 |
| Matthews | $212 | $307 | $526 | $967 | $1,571 |
| Sims | $172 | $334 | $573 | $1,063 | $1,390 |
| Summitville | N/A | N/A | N/A | N/A | N/A |
| Swayzee | $339 | $583 | $1,109 | $1,703 | $2,510 |
| Sweetser | $324 | $631 | $1,112 | $1,761 | $2,370 |
| Upland | $405 | $721 | $1,218 | $1,858 | $2,686 |
| Van Buren | $235 | $373 | $704 | $1,396 | $2,290 |
Source: Ownwell