46777 Property Tax Rate

Property owners in ZIP code 46777 (Ossian, Indiana) pay a median of $869/year in property taxes on homes valued at $185,300. This translates to an effective tax rate of 0.47%, which is 32% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46777 is approximately $72, which factors into escrow payments on mortgages. This ZIP code is located within Wells County. This is $382 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46777 has lower property taxes. ZIP codes with similar effective rates include 47834 (0.47%) and 46171 (0.47%).

In Ossian, property taxes represent approximately 1.3% of the median household income of $69,294, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses property at sale to current market value, resetting your tax base to the purchase price. Wells County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the Wells County Assessor within 60 days of purchase. Verify with the Wells County Assessor that your homestead deduction appears on your property record before receiving your first tax bill.