47341 Property Tax Rate

Property owners in ZIP code 47341 (Fountain City, Indiana) pay a median of $1,530/year in property taxes on homes valued at $159,200. This translates to an effective tax rate of 0.96%, which is 38% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47341 is approximately $128, which factors into escrow payments on mortgages. This ZIP code is located within Wayne County. This is $279 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47341 has lower property taxes. ZIP codes with similar effective rates include 46303 (0.96%) and 46236 (0.96%).

In Fountain City, property taxes represent approximately 1.9% of the median household income of $82,361, providing context for the relative tax burden on homeowners in this area.

Wayne County will reassess your home at market value during the next triennial cycle; your purchase price establishes the new base. Wayne County residents age 65 and older qualify for a Senior Exemption, and military veterans receive a Veteran's Exemption from the Wayne County Assessor. Submit exemption applications within 60 days of purchase with proof of age or military service to secure immediate tax relief.