Gas City, Grant County, Indiana Property Taxes

Name: Property Tax Bills Across Gas City, Grant County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median GAS CITY, IN effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median GAS CITY, IN home value: $111,350
Median annual GAS CITY, IN tax bill: $922, $1,478 lower than the national median property tax bill of $2,400.

How are property taxes in Grant calculated?

Property taxes in GAS CITY, IN 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 GAS CITY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in GAS CITY, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Gas City, Grant County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$924

$858

Ownwell’s GAS CITY Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in GAS CITY with just two data points. By entering your property's estimated assessed value, our calculator applies GAS CITY’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Grant County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Gas City, Grant County, Indiana

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In GAS CITY, located in Grant County, the effective property tax rate is 0.83%. This rate is consistent across the county, making it both the highest and lowest in the area. Compared to the national median property tax rate of 1.02%, GAS CITY residents enjoy a lower rate. Additionally, the median property tax bill in GAS CITY is notably lower than the national median of $2400. This provides significant savings for property owners, making it an attractive location for those seeking lower property tax burdens. Considering these factors, GAS CITY stands out as a cost-effective choice for homeowners in Indiana.

Property Tax Rates Across Gas City, Grant County, Indiana

Source: Ownwell

0.62%

1.26%

1.91%

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 Gas City Tax Rate

0.83%

Median Effective Grant County Tax Rate

0.87%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gas City, Grant County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46933	0.40%	0.60%	0.83%	1.31%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Gas City, Grant County, Indiana

When examining property taxes in GAS CITY, IN, 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 Grant County appraisal district 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. In Grant County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 GAS CITY. For example, the median home price in GAS CITY is $111,350, with tax bills ranging significantly across the county. ZIP code 46933 has the highest median home price at $111,350.

Property Tax Assessment Values Across Gas City, Grant County, Indiana

Source: Ownwell

$42,400

$136,850

$231,300

Median Gas City Market Value

$111,350

Median Grant County Market Value

$99,900

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gas City, Grant County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46933	$51,840	$83,525	$111,350	$148,175	$205,390

Source: Ownwell

Property Tax Bills Across Gas City, Grant County, Indiana

In GAS CITY, located in Grant County, IN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $111,350. Tax rates are applied to this assessed value to determine the final tax bill. The median property tax bill in GAS CITY is $922, which is below the national median of $2,400, offering homeowners a relatively lower tax burden. However, tax bills can vary significantly, with the 25th percentile at $570 and the 90th percentile reaching $2,135, reflecting differences in property values and local tax rates. Homeowners can feel the impact of these taxes on their overall financial planning. Ownwell steps in to assist by offering property tax appeal and exemption services. By analyzing and challenging over-assessed property values, Ownwell can help homeowners reduce their tax bills, ensuring they only pay their fair share. This service can lead to substantial savings, easing the financial pressure on homeowners.

Property Tax Bills Across Gas City, Grant County, Indiana

Source: Ownwell

$489

$1,358

$2,226

Median Gas City Tax Bill

$922

Median Grant County Tax Bill

$892

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Gas City, Grant County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46933	$334	$570	$922	$1,469	$2,135

Source: Ownwell