Westfield, Hamilton County, Indiana Property Taxes

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

Median Westfield, IN effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Westfield, IN home value: $372,300
Median annual Westfield, IN tax bill: $3,908, $1,508 higher than the national median property tax bill of $2,400.

How are property taxes in Hamilton calculated?

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

Last Updated March 1, 2025

Westfield, Hamilton County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$3,872

$3,593

Ownwell’s Westfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Westfield with just two data points. By entering your property's estimated assessed value, our calculator applies Westfield’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 Hamilton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Westfield, Hamilton County, Indiana

Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually assesses its budgetary needs to fund services and then divides this by the total value of all taxable property in its area. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legal frameworks, this is the basic annual procedure.

In Westfield, located in Hamilton County, the effective property tax rate is a reflection of this process. When compared to other cities in Indiana, Westfield's rate aligns closely with the state median. This provides a sense of consistency in property tax obligations across the region. However, when compared to the national median property tax rate of 1.02%, Indiana's median is slightly higher. This comparison offers valuable insights for property owners in Westfield, highlighting the importance of understanding local tax structures in the context of broader state and national trends.

Property Tax Rates Across Westfield, Hamilton County, Indiana

Source: Ownwell

0.74%

1.05%

1.36%

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 Westfield Tax Rate

1.04%

Median Effective Hamilton County Tax Rate

1.05%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Westfield, Hamilton County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46062	0.96%	1.00%	1.04%	1.09%	1.92%
46074	0.73%	1.00%	1.04%	1.08%	1.18%
46034	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Westfield, Hamilton County, Indiana

When examining property taxes in Westfield, 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 Hamilton 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.

In Hamilton 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 Westfield. For example, the median home price in Westfield is $372,300, with tax bills ranging significantly across the county. Zip code 46074 has the highest median home price at $374,700.

Property Tax Assessment Values Across Westfield, Hamilton County, Indiana

Source: Ownwell

$134,700

$412,000

$689,300

Median Westfield Market Value

$372,300

Median Hamilton County Market Value

$355,800

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Westfield, Hamilton County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46062	$225,680	$267,800	$356,200	$447,700	$790,200
46074	$229,900	$287,800	$374,700	$475,700	$618,800
46034	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Westfield, Hamilton County, Indiana

Property tax bills in Westfield, located in Hamilton County, IN, are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. In Westfield, the median home price is $372,300, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $2,849, while at the 75th percentile, it rises to $5,055, and at the 90th percentile, it reaches $6,884. The highest median tax bill in the area is $3,912 in ZIP code 46074, compared to the national median property tax bill of $2,400. These taxes can significantly impact homeowners, especially those with higher assessed values. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By analyzing local property data and leveraging their expertise, Ownwell helps homeowners ensure they are not overpaying on their property taxes, offering peace of mind and financial relief.

Property Tax Bills Across Westfield, Hamilton County, Indiana

Source: Ownwell

$1,274

$4,471

$7,667

Median Westfield Tax Bill

$3,908

Median Hamilton County Tax Bill

$3,915

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Westfield, Hamilton County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46062	$2,268	$2,904	$3,886	$5,004	$8,579
46074	$1,742	$2,841	$3,912	$5,055	$6,677
46034	N/A	N/A	N/A	N/A	N/A

Source: Ownwell