Wabash County, Indiana Property Taxes
The median property tax rate in Wabash County is 0.73%, which is lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $126,100 in Wabash County, the typical annual property tax bill is approximately $952, significantly less than the national median of $2,690. Property taxes in Wabash 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 Wabash 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 Wabash or another part of Wabash County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wabash County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$921
$854
Ownwell’s Wabash County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wabash County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wabash 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 Wabash County, Indiana
Property taxes in Wabash County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wabash County is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Wabash County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wabash 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 Wabash County's effective property tax rate with other areas in Indiana and the national median. For comparison, the city of Servia has one of the higher property tax rates in Indiana at 0.98%, while the city of Laketon boasts one of the lowest at 0.43%. Analyzing how Wabash County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wabash County Tax Rate
0.73%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wabash County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amboy | 0.22% | 0.33% | 0.44% | 0.55% | 0.98% |
| Andrews | 0.33% | 0.45% | 0.55% | 0.64% | 1.07% |
| Converse | 0.32% | 0.42% | 0.46% | 0.50% | 0.63% |
| Denver | N/A | N/A | N/A | N/A | N/A |
| Huntington | N/A | N/A | N/A | N/A | N/A |
| La Fontaine | 0.30% | 0.40% | 0.50% | 0.77% | 1.39% |
| Lagro | 0.33% | 0.46% | 0.59% | 1.04% | 1.93% |
| Laketon | 0.22% | 0.26% | 0.43% | 1.08% | 1.24% |
| Liberty Mills | 0.25% | 0.31% | 0.59% | 1.28% | 1.49% |
| Marion | N/A | N/A | N/A | N/A | N/A |
| North Manchester | 0.39% | 0.55% | 0.81% | 1.00% | 1.83% |
| Peru | 0.28% | 0.47% | 0.53% | 0.76% | 0.96% |
| Roann | 0.36% | 0.46% | 0.60% | 0.97% | 1.38% |
| Servia | 0.24% | 0.28% | 0.98% | 1.34% | 1.65% |
| Silver Lake | 0.31% | 0.50% | 0.66% | 1.08% | 1.38% |
| Somerset | 0.20% | 0.28% | 0.37% | 0.43% | 0.56% |
| Urbana | 0.24% | 0.41% | 0.52% | 0.80% | 1.05% |
| Wabash | 0.32% | 0.48% | 0.82% | 0.97% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Wabash County, Indiana
In Wabash 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 Wabash 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 Wabash 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. Cities in Wabash County show a range of tax bills, with Converse having the highest median tax bill at $1,371 and Liberty Mills the lowest at $273. Being aware of these valuation processes in Wabash County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wabash County Assessed Value
$126,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wabash County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amboy | $61,880 | $105,675 | $138,700 | $190,400 | $333,950 |
| Andrews | $110,700 | $148,600 | $191,000 | $284,200 | $384,500 |
| Converse | $133,850 | $192,900 | $237,400 | $339,850 | $391,650 |
| Denver | N/A | N/A | N/A | N/A | N/A |
| Huntington | N/A | N/A | N/A | N/A | N/A |
| La Fontaine | $60,200 | $86,800 | $125,200 | $185,000 | $257,000 |
| Lagro | $32,200 | $53,100 | $122,600 | $210,700 | $308,200 |
| Laketon | $45,600 | $63,500 | $79,700 | $99,700 | $124,100 |
| Liberty Mills | $30,560 | $38,800 | $49,400 | $62,300 | $75,940 |
| Marion | N/A | N/A | N/A | N/A | N/A |
| North Manchester | $60,830 | $93,700 | $133,450 | $187,325 | $269,340 |
| Peru | $126,100 | $145,200 | $192,500 | $245,700 | $320,180 |
| Roann | $58,520 | $93,700 | $134,200 | $205,700 | $312,220 |
| Servia | $23,250 | $36,100 | $60,350 | $74,925 | $81,050 |
| Silver Lake | $22,520 | $71,150 | $159,300 | $231,650 | $331,380 |
| Somerset | $94,180 | $114,700 | $150,100 | $177,800 | $205,300 |
| Urbana | $54,040 | $94,000 | $167,700 | $260,000 | $395,100 |
| Wabash | $54,600 | $79,400 | $119,300 | $182,375 | $260,630 |
Source: Ownwell
Property Tax Bills Across Wabash County, Indiana
In Wabash County, IN, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value. Once the assessed value is established, local tax rates are applied to calculate the tax bill. These rates can vary depending on the specific location within the county and the needs of local taxing authorities. Homeowners in Wabash County experience a range of property tax bills. For example, the 25th percentile tax bill is $523, while the 75th percentile tax bill is $1491. The highest median tax bill in the county is found in Converse at $1371, whereas Liberty Mills has the lowest at $273. These figures contrast with the national median property tax rate of 0.99%, highlighting regional differences. The amount homeowners pay in property taxes affects their overall housing costs and can influence decisions about buying or selling property. Understanding how these taxes are determined helps residents plan their finances more effectively.
Average Wabash County Tax Bill
$952
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Wabash County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amboy | $205 | $301 | $534 | $1,111 | $2,168 |
| Andrews | $336 | $631 | $1,176 | $1,740 | $2,676 |
| Converse | $716 | $791 | $1,371 | $1,790 | $2,166 |
| Denver | N/A | N/A | N/A | N/A | N/A |
| Huntington | N/A | N/A | N/A | N/A | N/A |
| La Fontaine | $238 | $423 | $709 | $1,164 | $1,824 |
| Lagro | $181 | $373 | $776 | $1,383 | $2,125 |
| Laketon | $135 | $192 | $316 | $657 | $1,020 |
| Liberty Mills | $105 | $157 | $273 | $542 | $756 |
| Marion | N/A | N/A | N/A | N/A | N/A |
| North Manchester | $310 | $602 | $1,125 | $1,699 | $2,571 |
| Peru | $297 | $781 | $1,241 | $1,806 | $2,068 |
| Roann | $263 | $482 | $884 | $1,510 | $2,422 |
| Servia | $78 | $187 | $314 | $670 | $966 |
| Silver Lake | $155 | $416 | $1,014 | $1,886 | $2,677 |
| Somerset | $209 | $338 | $549 | $754 | $963 |
| Urbana | $177 | $448 | $906 | $1,645 | $2,994 |
| Wabash | $316 | $555 | $970 | $1,448 | $2,071 |
Source: Ownwell