46778 Property Tax Rate
Petroleum, Indiana · Part of Wells County
Effective Tax Rate
0.27%
84.1% below state avgMedian Annual Tax
$199
$17/mo escrow
Estimate Your Tax
Annual Tax
$199
Monthly
$17
Eff. Rate
0.27%
How ZIP 46778 Compares
Median Annual Property Tax
ZIP 46778
0.27%
Effective rate
Indiana Avg
0.69%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Indiana
Lower than 100% of ZIP codes in Indiana(0th percentile, 713 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 46778
Property owners in ZIP code 46778 (Petroleum, Indiana) pay a median of $199/year in property taxes on homes valued at $74,600. This translates to an effective tax rate of 0.27%, which is 62% below the Indiana state average of 0.69%.
The monthly property tax burden for a median-valued home in 46778 is approximately $17, which factors into escrow payments on mortgages. This ZIP code is located within Wells County. This is $1,052 less than the Indiana average of $1,251/year.
Compared to similar ZIP codes in Indiana, 46778 has lower property taxes. ZIP codes with similar effective rates include 46759 (0.26%) and 47011 (0.28%).
If you're considering purchasing a home in 46778, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Wells County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 46778?
How much are property taxes in Petroleum, IN (46778)?
How does ZIP 46778 compare to the Indiana average?
What is the median home value in ZIP 46778?
What county is ZIP code 46778 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±-$333,333,333. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 46778 is part of Wells County, Indiana. View the full county profile for broader context and more data.
View Wells County on TaxByCounty →Similar ZIP Codes in Indiana
46759
-0.01%Keystone
0.26%
$512/yr
47011
+0.01%Bennington
0.28%
$594/yr
47832
+0.04%Bloomingdale
0.31%
$516/yr
46166
+0.04%Paragon
0.31%
$460/yr
46799
+0.05%Zanesville
0.32%
$500/yr
46105
+0.06%Bainbridge
0.33%
$730/yr
47020
+0.06%Florence
0.33%
$388/yr
46764
+0.06%Larwill
0.33%
$751/yr
47958
+0.07%Mellott
0.33%
$508/yr
46974
+0.09%Roann
0.35%
$647/yr
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.