Williamsport, Warren County, Indiana Property Taxes
The median property tax rate in Williamsport, Indiana is 0.88%, slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Williamsport at $116,650, the typical annual property tax bill amounts to $1,037, which is below the national median of $2,690. Property taxes in Williamsport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Williamsport's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Williamsport or another part of Warren County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Williamsport, Warren County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,027
$953
Ownwell’s Williamsport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamsport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamsport to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Williamsport, Warren County, Indiana
Property taxes in Williamsport, Indiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsport is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Williamsport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsport estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Williamsport's effective property tax rate to other areas in Indiana and the national median. For comparison, the 47993 zip code has the same median property tax rate of 0.88%. Understanding how these areas compare with Williamsport provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Williamsport Tax Rate
0.88%
Average Warren County Tax Rate
0.86%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsport, Warren County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47993 | 0.47% | 0.66% | 0.88% | 1.58% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Williamsport, Warren County, Indiana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Williamsport, Indiana. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Warren County Appraisal District for tax purposes. In contrast, the assessed value 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. In Williamsport, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Williamsport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 47993, with a median tax bill of $1,037. The zip code with the lowest median tax bill is also 47993, with a median tax bill of $1,037.
Property Tax Assessment Values Across Williamsport, Warren County, Indiana
Source: Ownwell
$57,600
$123,550
$189,500
Average Williamsport Assessed Value
$116,650
Average Warren County Assessed Value
$119,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Williamsport, Warren County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47993 | $31,560 | $70,075 | $116,650 | $178,075 | $254,830 |
Source: Ownwell
Property Tax Bills Across Williamsport, Warren County, Indiana
In Williamsport, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners in Williamsport, the median home price is $116,650. Property tax rates in this area are influenced by various factors, including local government budgets, school funding, and public services. Homeowners in Williamsport can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $498, while the 75th percentile tax bill is $1,787, and the 90th percentile tax bill reaches $2,769. This range indicates that property tax liabilities can differ widely depending on the specific characteristics and assessed values of individual homes. Compared to the national median property tax rate of 0.99%, Williamsport's property tax rates can be seen as relatively moderate, impacting homeowners' financial planning and potentially influencing decisions on homeownership within the area.
Average Williamsport Tax Bill
$1,037
Average Warren County Tax Bill
$1,064
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsport, Warren County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47993 | $243 | $498 | $1,037 | $1,787 | $2,769 |
Source: Ownwell