Van Buren, Grant County, Indiana Property Taxes
Median VAN BUREN, IN effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median VAN BUREN, IN home value: $87,650
Median annual VAN BUREN, IN tax bill: $704, $1,696 lower than the national median property tax bill of $2,400.
How are property taxes in Grant calculated?
Property taxes in VAN BUREN, 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 VAN BUREN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in VAN BUREN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Van Buren, Grant County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.7%
Estimate Property Tax Bill
$614
$569
Property Tax Rates Across Van Buren, Grant County, Indiana
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Van Buren, located in Grant County, Indiana, the effective property tax rate is 0.70%. This rate is notably lower than the national median property tax rate of 1.02%, providing a more affordable option for property owners compared to many other regions across the country. Additionally, the median property tax bill in Van Buren is significantly lower than the national median of $2,400, making it an attractive location for those seeking lower property tax obligations. By understanding these local tax dynamics, property owners in Van Buren can better navigate their financial responsibilities and potentially save on their annual tax bills.
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 Van Buren Tax Rate
0.70%
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 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 Van Buren, Grant County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46991 | 0.34% | 0.50% | 0.70% | 1.32% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Van Buren, Grant County, Indiana
When examining property taxes in Van Buren, 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 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 Van Buren. For example, the median home price in Van Buren is $87,650, with tax bills ranging significantly across the county. Zip code 46991 has the highest median home price at $87,650.
Property Tax Assessment Values Across Van Buren, Grant County, Indiana
Source: Ownwell
$42,400
$136,850
$231,300
Median Van Buren Market Value
$87,650
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 Van Buren, Grant County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46991 | $35,240 | $62,125 | $87,650 | $148,775 | $218,330 |
Source: Ownwell
Property Tax Bills Across Van Buren, Grant County, Indiana
In Van Buren, Grant County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is approximately $87,650, and property tax rates are applied to this assessed value to calculate the tax bill. Tax bills can vary significantly, with the 25th percentile at $373 and the 75th percentile at $1,396. The highest median tax bill in the area is $704, which is notably lower than the national median property tax bill of $2,400. This variability can affect homeowners differently, depending on the assessed value of their property and the specific tax rate applied.
Ownwell can assist homeowners in Van Buren by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it with market trends, Ownwell can identify potential savings and help reduce the tax burden. This personalized approach ensures that homeowners pay only their fair share, potentially saving them hundreds of dollars annually on their property tax bills.
Median Van Buren Tax Bill
$704
Median Grant County Tax Bill
$892
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Van Buren, Grant County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46991 | $235 | $373 | $704 | $1,396 | $2,290 |
Source: Ownwell