Wells County, Indiana Property Taxes
The median property tax rate in Wells County is 0.56%, which is significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Wells County at $188,100, the typical annual property tax bill reaches $1,092, which is well below the national median of $2,690. Property taxes in Wells 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 Wells 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 Bluffton or another part of Wells County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wells County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,053
$977
Ownwell’s Wells County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wells County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wells 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 Wells County, Indiana
Property taxes in Wells County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wells County is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Wells County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wells 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 Wells County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Tocsin has one of the higher property tax rates in Indiana at 1.26%, while the city of Geneva boasts one of the lowest at 0.43%. Analyzing how Wells County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wells County Tax Rate
0.56%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wells County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluffton | 0.36% | 0.49% | 0.59% | 0.79% | 1.33% |
| Bryant | N/A | N/A | N/A | N/A | N/A |
| Craigville | 0.32% | 0.48% | 0.57% | 0.71% | 1.11% |
| Decatur | N/A | N/A | N/A | N/A | N/A |
| Fort Wayne | N/A | N/A | N/A | N/A | N/A |
| Geneva | 0.34% | 0.36% | 0.43% | 0.61% | 0.85% |
| Hartford City | N/A | N/A | N/A | N/A | N/A |
| Keystone | 0.33% | 0.41% | 0.49% | 0.83% | 0.97% |
| Liberty Center | 0.20% | 0.36% | 0.49% | 0.72% | 1.04% |
| Marion | 0.32% | 0.44% | 0.51% | 0.71% | 0.87% |
| Markle | 0.42% | 0.48% | 0.57% | 0.71% | 1.00% |
| Montpelier | 0.34% | 0.42% | 0.51% | 0.62% | 0.88% |
| Ossian | 0.38% | 0.47% | 0.55% | 0.64% | 1.06% |
| Petroleum | 0.20% | 0.27% | 0.37% | 1.03% | 1.07% |
| Poneto | 0.34% | 0.42% | 0.51% | 0.74% | 1.35% |
| Roanoke | 0.35% | 0.44% | 0.52% | 0.58% | 0.72% |
| Tocsin | N/A | N/A | N/A | N/A | N/A |
| Uniondale | 0.36% | 0.45% | 0.53% | 0.66% | 1.05% |
| Van Buren | N/A | N/A | N/A | N/A | N/A |
| Warren | 0.33% | 0.40% | 0.48% | 0.70% | 0.88% |
| Yoder | 0.30% | 0.42% | 0.50% | 0.54% | 0.77% |
| Zanesville | 0.34% | 0.42% | 0.47% | 0.54% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Wells County, Indiana
In Wells 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 Wells 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 Wells 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. In Wells County, the city with the highest median tax bill is Bryant at $1,776, while Petroleum has the lowest at $314. Being aware of these valuation processes in Wells County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wells County Assessed Value
$188,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wells County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluffton | $70,190 | $112,900 | $170,300 | $247,900 | $347,900 |
| Bryant | N/A | N/A | N/A | N/A | N/A |
| Craigville | $87,800 | $160,000 | $226,600 | $306,300 | $399,100 |
| Decatur | N/A | N/A | N/A | N/A | N/A |
| Fort Wayne | N/A | N/A | N/A | N/A | N/A |
| Geneva | $132,890 | $164,625 | $209,300 | $241,250 | $374,950 |
| Hartford City | N/A | N/A | N/A | N/A | N/A |
| Keystone | $61,100 | $132,350 | $199,100 | $266,550 | $365,440 |
| Liberty Center | $44,180 | $77,200 | $155,850 | $240,325 | $330,570 |
| Marion | $127,600 | $150,900 | $213,700 | $271,400 | $374,200 |
| Markle | $140,640 | $193,800 | $270,600 | $360,400 | $491,300 |
| Montpelier | $118,400 | $147,650 | $217,200 | $305,425 | $405,600 |
| Ossian | $113,060 | $148,800 | $203,700 | $278,250 | $363,680 |
| Petroleum | $33,560 | $60,950 | $76,900 | $93,350 | $104,760 |
| Poneto | $60,950 | $111,100 | $174,450 | $244,000 | $350,300 |
| Roanoke | $150,600 | $182,375 | $245,950 | $356,075 | $456,650 |
| Tocsin | N/A | N/A | N/A | N/A | N/A |
| Uniondale | $94,880 | $134,500 | $220,200 | $334,400 | $443,160 |
| Van Buren | N/A | N/A | N/A | N/A | N/A |
| Warren | $95,390 | $155,300 | $205,800 | $294,250 | $371,080 |
| Yoder | $157,150 | $174,650 | $211,200 | $267,175 | $331,350 |
| Zanesville | $99,220 | $128,325 | $166,050 | $207,700 | $249,940 |
Source: Ownwell
Property Tax Bills Across Wells County, Indiana
In Wells County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $188,100, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. The tax bill can range significantly within the county. At the 25th percentile, homeowners might see a tax bill of around $673, while those at the 75th percentile could pay up to $1,754. For properties at the 90th percentile, the tax bill can reach as high as $2,594. In Bryant, the highest median tax bill is $1,776, whereas in Petroleum, the lowest median tax bill is $314. These variations highlight how property taxes can impact homeowners differently, depending on the assessed value of their property and the specific rates applied by local authorities. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations.
Average Wells County Tax Bill
$1,092
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Wells County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluffton | $373 | $656 | $1,064 | $1,716 | $2,515 |
| Bryant | N/A | N/A | N/A | N/A | N/A |
| Craigville | $303 | $782 | $1,304 | $1,997 | $2,892 |
| Decatur | N/A | N/A | N/A | N/A | N/A |
| Fort Wayne | N/A | N/A | N/A | N/A | N/A |
| Geneva | $525 | $629 | $974 | $1,659 | $2,020 |
| Hartford City | N/A | N/A | N/A | N/A | N/A |
| Keystone | $286 | $569 | $920 | $1,579 | $2,462 |
| Liberty Center | $124 | $244 | $776 | $1,333 | $2,129 |
| Marion | $472 | $751 | $1,044 | $1,481 | $2,270 |
| Markle | $725 | $1,026 | $1,568 | $2,478 | $3,277 |
| Montpelier | $464 | $665 | $1,149 | $1,718 | $2,597 |
| Ossian | $467 | $708 | $1,131 | $1,743 | $2,495 |
| Petroleum | $138 | $170 | $314 | $481 | $716 |
| Poneto | $268 | $540 | $897 | $1,625 | $2,275 |
| Roanoke | $634 | $807 | $1,490 | $2,015 | $2,685 |
| Tocsin | N/A | N/A | N/A | N/A | N/A |
| Uniondale | $370 | $717 | $1,255 | $1,999 | $2,892 |
| Van Buren | N/A | N/A | N/A | N/A | N/A |
| Warren | $392 | $651 | $1,060 | $1,622 | $2,319 |
| Yoder | $498 | $687 | $1,018 | $1,667 | $2,868 |
| Zanesville | $430 | $549 | $822 | $1,104 | $1,481 |
Source: Ownwell