47995 Property Tax Rate

Property owners in ZIP code 47995 (Wolcott, Indiana) pay a median of $809/year in property taxes on homes valued at $136,900. This translates to an effective tax rate of 0.59%, which is 15% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 47995 is approximately $67, which factors into escrow payments on mortgages. This ZIP code is located within White County. This is $442 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 47995 has higher property taxes. ZIP codes with similar effective rates include 46970 (0.59%) and 47950 (0.59%).

In Wolcott, property taxes represent approximately 1.0% of the median household income of $77,981, providing context for the relative tax burden on homeowners in this area.

Indiana has no statewide assessment increase cap, and the White County Assessor may reassess your property based on market value without statutory limitation at any time. File for the Homestead Property Tax Deduction and Senior Citizen Deduction with the White County Assessor within 60 days of closing to reduce your assessed value and tax bill. Request your assessment worksheet and file a written Assessment Appeal with the White County Board of Tax Review by the deadline if the assessed value significantly exceeds comparable properties.