46795 Property Tax Rate

Property owners in ZIP code 46795 (Wolcottville, Indiana) pay a median of $1,316/year in property taxes on homes valued at $250,500. This translates to an effective tax rate of 0.53%, which is 24% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46795 is approximately $110, which factors into escrow payments on mortgages. This ZIP code is located within LaGrange County.

Compared to similar ZIP codes in Indiana, 46795 has lower property taxes. ZIP codes with similar effective rates include 47521 (0.52%) and 47955 (0.53%).

In Wolcottville, property taxes represent approximately 1.7% of the median household income of $77,279, 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. LaGrange County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the LaGrange County Assessor within 60 days of closing. Request your property record from the LaGrange County Assessor to verify the homestead deduction is applied before the tax bill is issued.