46933 Property Tax Rate

Property owners in ZIP code 46933 (Gas City, Indiana) pay a median of $799/year in property taxes on homes valued at $123,400. This translates to an effective tax rate of 0.65%, which is 7% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46933 is approximately $67, which factors into escrow payments on mortgages. This ZIP code is located within Grant County. This is $452 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46933 has higher property taxes. ZIP codes with similar effective rates include 46218 (0.65%) and 46987 (0.65%).

In Gas City, property taxes represent approximately 1.3% of the median household income of $59,398, providing context for the relative tax burden on homeowners in this area.

Indiana does not cap property tax assessment increases at the state level; the Grant County Assessor reassesses properties based on market value triennially, with potential significant jumps at sale. Grant County offers a Homestead Property Tax Deduction for primary residences (amount varies; check with the assessor) and a Supplemental Homestead Deduction for seniors 65+ and disabled owners. Contact the Grant County Assessor's office immediately after closing to file for available deductions and confirm your property's assessment cycle.