Fortville, Hancock County, Indiana Property Taxes

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

Median Fortville, IN effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Fortville, IN home value: $225,200
Median annual Fortville, IN tax bill: $2,113, $287 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

Property taxes in Fortville, IN 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 Fortville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fortville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fortville, Hancock County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$2,094

$1,944

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

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

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

Property Tax Rates Across Fortville, Hancock County, Indiana

Local government entities set property tax rates, which can vary significantly within a state. This variation occurs because each county estimates its necessary budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core process that occurs each year.

Comparing Fortville's effective property tax rate to other cities in Indiana, it is evident that Fortville, located in Hancock County, has a median property tax rate of 0.93%. This rate aligns with the highest and lowest median tax rates in the area, both recorded at 0.93%. When compared to the national median property tax rate of 1.02%, Fortville's rate is lower, offering a more favorable tax environment for property owners. Additionally, the national median property tax bill is $2,400, which further highlights the affordability of property taxes in Fortville. This comparison underscores the importance of understanding local tax rates and how they can impact property ownership costs.

Property Tax Rates Across Fortville, Hancock County, Indiana

Source: Ownwell

0.45%

0.70%

0.94%

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 Fortville Tax Rate

0.93%

Median Effective Hancock County Tax Rate

0.80%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fortville, Hancock County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46040	0.57%	0.82%	0.93%	1.08%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Fortville, Hancock County, Indiana

When examining property taxes in Fortville, IN, 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 Hancock County appraisal district 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.

In Hancock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Fortville. For example, the median home price in Fortville is $225,200, with tax bills ranging significantly across the county. Zip code 46040 has the highest median home price at $225,200.

Property Tax Assessment Values Across Fortville, Hancock County, Indiana

Source: Ownwell

$110,750

$211,525

$312,300

Median Fortville Market Value

$225,200

Median Hancock County Market Value

$247,000

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fortville, Hancock County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46040	$137,200	$172,225	$225,200	$281,725	$354,500

Source: Ownwell

Property Tax Bills Across Fortville, Hancock County, Indiana

In Fortville, Hancock 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 Fortville is $225,200, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, market conditions, and local tax levies can influence the assessed value, impacting the homeowner's tax bill. The median property tax bill in Fortville is $2,113, which is below the national median of $2,400. However, tax bills can range significantly, with the 25th percentile at $1,548 and the 90th percentile reaching $3,718. For homeowners seeking to reduce their property tax burden, appealing the assessed value can be an effective strategy. Ownwell offers professional property tax appeal services to help homeowners in Fortville potentially lower their tax bills. By leveraging expertise in local property tax laws and assessment practices, Ownwell can identify discrepancies in assessments and work towards achieving a fair and reduced tax obligation for homeowners.

Property Tax Bills Across Fortville, Hancock County, Indiana

Source: Ownwell

$538

$1,811

$3,084

Median Fortville Tax Bill

$2,113

Median Hancock County Tax Bill

$2,024

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Fortville, Hancock County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46040	$1,091	$1,548	$2,113	$2,761	$3,718

Source: Ownwell