Fishers, Lake County, Indiana Property Taxes

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

Median Fishers, IN effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Fishers, IN home value: $131,200
Median annual Fishers, IN tax bill: $1,820, $580 lower than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Fishers, Lake County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$1,824

$1,692

Ownwell’s Fishers Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fishers with just two data points. By entering your property's estimated assessed value, our calculator applies Fishers’ 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 Hamilton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fishers, Lake County, Indiana

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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 Fishers, located in Hamilton County, Indiana, the effective property tax rate is a topic of interest for homeowners. Compared to the national median property tax rate of 1.02%, Indiana's median property tax rate of 0.85% is notably lower. Fishers often sees a lower effective tax rate than the state average, making it an attractive location for property owners. However, it's important to keep in mind that property tax bills can vary significantly based on assessed property values and local government budget needs. Understanding these nuances can help homeowners make informed decisions about property investments in Fishers and surrounding areas.

Property Tax Rates Across Fishers, Lake County, Indiana

Source: Ownwell

0.75%

1.52%

2.29%

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 Fishers Tax Rate

1.39%

Median Effective Lake County Tax Rate

1.07%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fishers, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46037	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fishers, Lake County, Indiana

When examining property taxes in Fishers, Indiana, 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 Hamilton County Assessor's Office 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 Hamilton 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 Fishers.

For example, the median home price in Fishers is $131,200, with tax bills ranging significantly across the county. The national median property tax rate is 1.02%, providing context for the local tax landscape.

Property Tax Assessment Values Across Fishers, Lake County, Indiana

Source: Ownwell

$36,700

$207,300

$377,900

Median Fishers Market Value

$131,200

Median Lake County Market Value

$187,400

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fishers, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46037	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fishers, Lake County, Indiana

In Fishers, located in Hamilton County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the amount owed. In Fishers, homeowners face a median property tax rate lower than the national average of 1.02%. The median home price in the area is significantly below the national median, which influences the relatively modest property tax bills. Tax bills in Fishers typically fall around $1,820, which is lower than the national median property tax bill of $2,400. This provides some relief to homeowners, though individual circumstances can vary. Ownwell can assist homeowners in Fishers by reviewing their property’s assessed value to ensure accuracy and identify potential savings. By filing appeals and seeking exemptions, Ownwell helps homeowners reduce their tax burden, ensuring they only pay what is fair. This service can provide significant savings, making homeownership more affordable in Fishers.

Property Tax Bills Across Fishers, Lake County, Indiana

Source: Ownwell

$542

$2,164

$3,785

Median Fishers Tax Bill

$1,820

Median Lake County Tax Bill

$2,011

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Fishers, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46037	N/A	N/A	N/A	N/A	N/A

Source: Ownwell