Fontanet, Vigo County, Indiana Property Taxes

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.

Below, you can compare Fontanet’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S. Fontanet, located in Vigo County, has a property tax rate of 1.04%, which matches the highest and lowest rates within its zip code of 47851. This rate is slightly above the national median property tax rate of 1.02%. However, the median property tax bill in Fontanet may still be competitive when considering the national median property tax bill of $2,400. Understanding these figures can provide valuable insights into how Fontanet's property taxes compare on both a state and national level.

In Fontanet, located in Vigo County, Indiana, property tax bills are calculated based on the assessed value of a home. With the median home price at $66,650, the property tax bill varies significantly across different percentiles. For instance, homeowners in the 25th percentile pay around $373, while those in the 75th percentile pay approximately $1,288. The tax bill can rise to $2,069 for those in the 90th percentile. Compared to the national median property tax bill of $2,400 and a rate of 1.02%, Fontanet's tax bills are relatively lower, providing some relief to homeowners.

Factors such as property location, size, and local tax rates influence these calculations. However, many homeowners may not be aware of potential exemptions or inaccuracies in their property assessments. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By reviewing and challenging assessments, Ownwell helps homeowners secure potential savings, ensuring they pay only their fair share in property taxes and potentially reducing their tax burden significantly.