North Manchester, Wabash County, Indiana Property Taxes
Median North Manchester, IN effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median North Manchester, IN home value: $133,450
Median annual North Manchester, IN tax bill: $1,125, $1,275 lower than the national median property tax bill of $2,400.
How are property taxes in Wabash calculated?
Property taxes in North Manchester, 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 North Manchester’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Manchester, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North Manchester, Wabash County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$1,081
$1,003
Ownwell’s North Manchester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Manchester with just two data points.
By entering your property's estimated assessed value, our calculator applies North Manchester’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 Wabash County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across North Manchester, Wabash County, Indiana
Local government entities set tax rates, which can vary widely within a state. Annually, 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 North Manchester’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
In North Manchester, located in Wabash County, the effective property tax rate reflects the careful balance between necessary public services and the total assessed property value. With a median tax rate of 0.81%, North Manchester aligns closely with the state's overall tax landscape. This rate is notably below the national median property tax rate of 1.02%, offering residents a more affordable property tax obligation compared to many other regions across the country. Such a favorable tax environment can be an attractive feature for both current residents and potential newcomers looking for a community with reasonable property tax rates.
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 North Manchester Tax Rate
0.81%
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 Wabash County Tax Rate
0.73%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across North Manchester, Wabash County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46962 | 0.39% | 0.55% | 0.81% | 1.00% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across North Manchester, Wabash County, Indiana
When examining property taxes in North Manchester, IN, 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 Wabash 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 Wabash 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 North Manchester.
For example, the median home price in North Manchester is $133,450, with tax bills ranging significantly across the county. Zip code 46962 has the highest median home price at $133,450.
Property Tax Assessment Values Across North Manchester, Wabash County, Indiana
Source: Ownwell
$49,400
$143,400
$237,400
Median North Manchester Market Value
$133,450
Median Wabash County Market Value
$126,100
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across North Manchester, Wabash County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46962 | $60,830 | $93,700 | $133,450 | $187,325 | $269,340 |
Source: Ownwell
Property Tax Bills Across North Manchester, Wabash County, Indiana
Median North Manchester Tax Bill
$1,125
Median Wabash County Tax Bill
$952
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across North Manchester, Wabash County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46962 | $310 | $602 | $1,125 | $1,699 | $2,571 |
Source: Ownwell