West Lafayette, Warren County, Indiana Property Taxes
Median West Lafayette, IN effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median West Lafayette, IN home value: $189,500
Median annual West Lafayette, IN tax bill: $1,388, $1,012 lower than the national median property tax bill of $2,400.
How are property taxes in Warren County calculated?
Property taxes in West Lafayette, 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 West Lafayette’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in West Lafayette, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
West Lafayette, Warren County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$1,440
$1,336
Property Tax Rates Across West Lafayette, Warren County, Indiana
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate their necessary budget for services and divide it by the total value of taxable property in their area, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.
In West Lafayette, located in Warren County, the effective property tax rate is 0.76%. This rate is notably lower than the national median property tax rate of 1.02%. Residents here benefit from a rate that is more favorable compared to many other areas across the country. When comparing West Lafayette’s tax rate to other cities within Indiana, it becomes clear that this city offers a relatively advantageous tax environment.
Understanding these rates is crucial for property owners looking to manage their expenses effectively. By being informed about local tax rates, residents can make more educated decisions regarding their property investments and financial planning.
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 West Lafayette Tax Rate
0.76%
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 Warren County Tax Rate
0.86%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across West Lafayette, Warren County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47906 | 0.41% | 0.60% | 0.76% | 0.93% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across West Lafayette, Warren County, Indiana
When examining property taxes in West Lafayette, 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 Warren 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.
Assessment notices are sent in the spring each year in Warren County. They’ll typically reach your mailbox by the middle of April. 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 West Lafayette. For example, the median home price in West Lafayette is $189,500, with tax bills ranging significantly across the county. Zip code 47906 has the highest median home price at $189,500.
Property Tax Assessment Values Across West Lafayette, Warren County, Indiana
Source: Ownwell
$57,600
$123,550
$189,500
Median West Lafayette Market Value
$189,500
Median Warren County Market Value
$119,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across West Lafayette, Warren County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47906 | $43,060 | $100,400 | $189,500 | $252,300 | $285,300 |
Source: Ownwell
Property Tax Bills Across West Lafayette, Warren County, Indiana
Median West Lafayette Tax Bill
$1,388
Median Warren County Tax Bill
$1,064
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across West Lafayette, Warren County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47906 | $165 | $441 | $1,388 | $2,108 | $2,714 |
Source: Ownwell