Maxwell, Hancock County, Indiana Property Taxes

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

Median Maxwell, IN effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Maxwell, IN home value: $110,750
Median annual Maxwell, IN tax bill: $538, $1,862 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

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

Last Updated March 1, 2025

Maxwell, Hancock County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$498

$462

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

Property Tax Rates Across Maxwell, Hancock County, Indiana

Local government entities determine property tax rates, leading to significant variation within a state. Each county establishes its budget for essential services and divides this by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. While votes and legislative actions play a role in setting these rates and budgets, this is the core of the annual process. In Maxwell, located in Hancock County, the effective property tax rate stands at 0.45%, which is notably lower than the national median rate of 1.02%. This lower rate can significantly impact homeowners' annual tax bills, making Maxwell an attractive option for potential property buyers. The median property tax bill in Maxwell is also likely to be lower than the national median of $2,400, offering further financial relief to residents. Comparing Maxwell’s property tax rate with other cities in Indiana and the national figures highlights its affordability, potentially influencing decisions for those considering a move or investment in the area.

Property Tax Rates Across Maxwell, Hancock County, Indiana

Source: Ownwell

0.45%

0.70%

0.94%

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 Maxwell Tax Rate

0.45%

Median Effective Hancock County Tax Rate

0.80%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Maxwell, Hancock County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46154	0.23%	0.27%	0.45%	0.97%	1.22%

Source: Ownwell

Property Tax Assessment Values Across Maxwell, Hancock County, Indiana

When examining property taxes in Maxwell, 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 Hancock 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 Hancock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Maxwell. For example, the median home price in Maxwell is $110,750, with tax bills ranging significantly across the county. Zip code 46154 has the highest median home price at $110,750.

Property Tax Assessment Values Across Maxwell, Hancock County, Indiana

Source: Ownwell

$110,750

$211,525

$312,300

Median Maxwell Market Value

$110,750

Median Hancock County Market Value

$247,000

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Maxwell, Hancock County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46154	$63,580	$89,125	$110,750	$131,650	$182,680

Source: Ownwell

Property Tax Bills Across Maxwell, Hancock County, Indiana

In Maxwell, Hancock County, IN, property tax bills are calculated based on the assessed value of a home. This value is determined by the local assessor's office and reflects the estimated market value of the property. Homeowners in Maxwell face a median property tax bill of $538, which is significantly lower than the national median of $2,400. Tax bills can vary, with the 25th percentile at $272 and the 90th percentile reaching up to $1,443. These variations depend on factors such as property location, size, and improvements.

For homeowners, understanding these calculations is crucial as property taxes impact their annual expenses. Lower tax bills in Maxwell can be an advantage, but ensuring that your assessed value is accurate is essential to avoid overpaying. That's where Ownwell comes in. By providing expert property tax appeal services, Ownwell can help homeowners challenge inaccurate assessments, potentially reducing their tax burden and leading to substantial savings. With Ownwell's assistance, homeowners can ensure they are paying a fair amount, aligned with their property's true value.

Property Tax Bills Across Maxwell, Hancock County, Indiana

Source: Ownwell

$538

$1,811

$3,084

Median Maxwell Tax Bill

$538

Median Hancock County Tax Bill

$2,024

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Maxwell, Hancock County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46154	$204	$272	$538	$998	$1,443

Source: Ownwell