Servia, Wabash County, Indiana Property Taxes
Median Servia, IN effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Servia, IN home value: $60,350
Median annual Servia, IN tax bill: $314, $2,086 lower than the national median property tax bill of $2,400.
How are property taxes in Wabash County calculated?
Property taxes in Servia, 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 Servia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Servia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Servia, Wabash County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$788
$731
Property Tax Rates Across Servia, Wabash County, Indiana
Local government entities set tax rates, which can vary widely within Indiana. 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 Servia’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
Servia in Wabash County has a median property tax rate of 0.98%. This rate is consistent across the region, with no variation between the highest and lowest rates, both recorded at 0.98% in the 46980 zip code. Indiana's median property tax rate is slightly below the national median of 1.02%, making it an attractive option for property owners looking to save on taxes. With a national median property tax bill of $2,400, Indiana homeowners often benefit from lower property tax bills compared to many other states.
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 Servia Tax Rate
1.32%
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
0.79%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Servia, Wabash County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46980 | 0.30% | 0.30% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Servia, Wabash County, Indiana
When examining property taxes in Servia, 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 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.
Assessment notices: In Wabash County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Servia. For example, the median home price in Servia is $60,350, with tax bills ranging significantly across the county. Zip code 46980 has the highest median home price at $60,350.
Property Tax Assessment Values Across Servia, Wabash County, Indiana
Source: Ownwell
$49,000
$147,625
$246,250
Median Servia Market Value
$59,700
Median Wabash County Market Value
$129,600
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Servia, Wabash County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46980 | $23,140 | $33,500 | $59,700 | $73,200 | $80,040 |
Source: Ownwell
Property Tax Bills Across Servia, Wabash County, Indiana
Median Servia Tax Bill
$270
Median Wabash County Tax Bill
$1,097
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Servia, Wabash County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46980 | $117 | $177 | $270 | $622 | $784 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Wabash Tax Assessor | |
| Website | assessor.wabashcounty85.us |