Montpelier, Blackford County, Indiana Property Taxes
Median Montpelier, Indiana effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Montpelier, Indiana home value: $86,600
Median annual Montpelier, Indiana tax bill: $801, $1,599 lower than the national median property tax bill of $2,400.
How are property taxes in Blackford County calculated?
Property taxes in Montpelier, Indiana are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Montpelier’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montpelier, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montpelier, Blackford County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$753
$699
Property Tax Rates Across Montpelier, Blackford County, Indiana
Local government entities in Indiana set their own property tax rates, which can differ significantly across the state. Each year, counties like Blackford estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially how it works annually.
In Montpelier, located in Blackford County, the effective property tax rate is 0.87%, aligning with the highest and lowest rates in the state. This rate is below the national median property tax rate of 1.02%. Consequently, Montpelier residents may enjoy lower property tax bills compared to the national median, which stands at $2,400. Comparing Montpelier's rate with other cities in Indiana, it's evident that local factors significantly influence the property tax landscape. Understanding these differences can help property owners make informed decisions about property investments and tax appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Montpelier Tax Rate
0.87%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Blackford County Tax Rate
0.90%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montpelier, Blackford County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47359 | 0.47% | 0.67% | 0.87% | 1.69% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Montpelier, Blackford County, Indiana
When examining property taxes in Montpelier, Indiana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Blackford County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Blackford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Montpelier.
For example, the median home price in Montpelier is $86,600, with tax bills ranging significantly across the county. Zip code 47359 has the highest median home price at $86,600.
Property Tax Assessment Values Across Montpelier, Blackford County, Indiana
Source: Ownwell
$86,600
$167,700
$248,800
Median Montpelier Market Value
$86,600
Median Blackford County Market Value
$92,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montpelier, Blackford County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47359 | $22,220 | $55,675 | $86,600 | $130,800 | $211,790 |
Source: Ownwell
Property Tax Bills Across Montpelier, Blackford County, Indiana
In Montpelier, Blackford County, Indiana, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as location, property size, and improvements. Homeowners in Montpelier face a median property tax bill of $801, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $451 and the 90th percentile reaching $2,225. This disparity highlights the impact of assessed values and tax rates on individual tax bills.
Homeowners looking to reduce their property tax burden can benefit from Ownwell's services. By analyzing property assessments and identifying potential errors or opportunities for exemptions, Ownwell helps homeowners file appeals to lower their tax bills. With expert guidance, homeowners can ensure they are not overpaying and potentially save hundreds on their property taxes, making homeownership more affordable in Montpelier.
Median Montpelier Tax Bill
$801
Median Blackford County Tax Bill
$931
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Montpelier, Blackford County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47359 | $208 | $451 | $801 | $1,371 | $2,225 |
Source: Ownwell