Markle, Wells County, Indiana Property Taxes
Property Taxes in Markle, Indiana
Median Markle, Indiana effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and lower than the Indiana state median of 1.01%.
Median Markle, Indiana home value: $279,300
Median annual Markle, Indiana tax bill: $1,986, $414 lower than the national median property tax bill of $2,400.
How are property taxes in Wells calculated?
Property taxes in Markle, Indiana 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 Markle's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Markle, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Markle, Wells County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$1,871
$1,737
How Does the Markle Property Tax Calculator Work?
Use this Markle property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Markle's median effective tax rate of 0.67% — based on actual property records in Wells County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Markle's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Markle: rates range from 0.67% in 46770 to 0.67% in 46770, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Markle.
About Markle Property Taxes
About Property Taxes in Markle, Wells, Indiana
Markle's median effective property tax rate of 0.67% is lower than the Indiana state median of 1.01% and lower than the national median of 1.02%. This rate reflects the Wells County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Markle. Homeowners in the 46770 ZIP code carry a median effective rate of 0.67%, while those in the same ZIP code also pay 0.67%. This spread reflects how school district boundaries and local assessment districts are drawn across Wells County. Understanding which part of Markle you live in can make a meaningful difference to your annual tax bill.
Markle homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Markle, Wells County, Indiana
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Markle's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Markle Tax Rate
0.67%
Our median effective property tax rate (tax bill Ă· 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 Wells County Tax Rate
0.69%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Markle, Wells County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46770 | 0.54% | 0.60% | 0.67% | 0.95% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Markle, Wells County, Indiana
When examining property taxes in Markle, 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 Wells 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 Wells County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Markle.
For example, the median home price in Markle is $279,300, with tax bills ranging significantly across the county. 46770 has the highest median home price at $279,300.
Property Tax Assessment Values Across Markle, Wells County, Indiana
Source: Ownwell
$91,100
$185,200
$279,300
Median Markle Market Value
$279,300
Median Wells County Market Value
$203,850
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Markle, Wells County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46770 | $147,020 | $199,800 | $279,300 | $368,850 | $497,880 |
Source: Ownwell
Property Tax Bills Across Markle, Wells County, Indiana
Property tax bills in Markle are based on the assessed value of a home and the local tax rate set by taxing authorities in Wells County. When a property is reassessed, the tax bill can change if the assessed value rises or falls, even if the homeowner has not made any major changes to the home. The bill is also shaped by local levies that fund schools, roads, public safety, and other services.
For a home with a median market value of $279,300, the property tax bill can vary widely depending on the assessment and exemptions applied. In Markle, the median tax bill is $1,986, while the 25th percentile is $1,371 and the 75th percentile is $3,024. At the 90th percentile, the bill reaches $3,825.
Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, homeowners in Markle may see bills that are lower or higher depending on how their property is assessed.
Median Markle Tax Bill
$1,986
Median Wells County Tax Bill
$1,461
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Markle, Wells County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46770 | $1,007 | $1,371 | $1,986 | $3,024 | $3,825 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Wells Tax Assessor | |
| Website | beacon.schneidercorp.com |