Wheeler, Porter County, Indiana Property Taxes
Median Wheeler, IN effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Wheeler, IN home value: $144,400
Median annual Wheeler, IN tax bill: $1,232, $1,168 lower than the national median property tax bill of $2,400.
How are property taxes in Porter calculated?
Property taxes in Wheeler, 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 Wheeler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wheeler, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wheeler, Porter County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$1,126
$1,045
Property Tax Rates Across Wheeler, Porter County, Indiana
Local government entities determine tax rates, and these can differ significantly within a state. The reason for this variation is that each county, annually, calculates its required budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is essentially the yearly process.
Below, you can compare Wheeler’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S. Wheeler, located in Porter County, has a median property tax rate of 0.78%. This rate is lower than the national median property tax rate of 1.02%. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions. By knowing where Wheeler stands in comparison to other areas, residents can better navigate the complexities of property taxes and potentially reduce their financial burden.
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 Wheeler Tax Rate
0.78%
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 Porter County Tax Rate
0.91%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wheeler, Porter County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46393 | 0.66% | 0.73% | 0.78% | 1.05% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Wheeler, Porter County, Indiana
When examining property taxes in Wheeler, 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 Porter 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 Porter 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 Wheeler. For example, the median home price in Wheeler is $144,400, with tax bills ranging significantly across the county. Zip code 46393 has the highest median home price at $144,400.
Property Tax Assessment Values Across Wheeler, Porter County, Indiana
Source: Ownwell
$133,200
$302,700
$472,200
Median Wheeler Market Value
$144,400
Median Porter County Market Value
$260,100
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wheeler, Porter County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46393 | $69,100 | $105,500 | $144,400 | $185,500 | $232,200 |
Source: Ownwell
Property Tax Bills Across Wheeler, Porter County, Indiana
Median Wheeler Tax Bill
$1,232
Median Porter County Tax Bill
$2,499
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Wheeler, Porter County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46393 | $562 | $884 | $1,232 | $1,677 | $2,243 |
Source: Ownwell