Van Buren, Wells County, Indiana Property Taxes

Name: Property Tax Bills Across Van Buren, Wells County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median VAN BUREN, IN effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median VAN BUREN, IN home value: $123,900
Median annual VAN BUREN, IN tax bill: $559, $1,841 lower than the national median property tax bill of $2,400.

How are property taxes in Wells calculated?

Property taxes in VAN BUREN, 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 VAN BUREN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in VAN BUREN, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Van Buren, Wells County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$558

$517

Ownwell’s Van Buren Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Van Buren with just two data points. By entering your property's estimated assessed value, our calculator applies Van Buren’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 Wells County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Van Buren, Wells County, Indiana

Local government entities determine tax rates, which can significantly differ throughout Indiana. Each year, counties like Wells assess their budget needs to fund services and then divide this by the total assessed value of all taxable property within their boundaries. This process establishes the property tax rate. Although setting these rates involves votes and legislation, this annual calculation remains fundamental.

In Van Buren, located in Wells County, the effective property tax rate is notably lower than the national median of 1.02%. This rate offers a distinct advantage for property owners, as it results in a more manageable tax bill compared to many other parts of the country.

When comparing Van Buren's rate to other cities in Indiana, it's evident that property tax rates can vary considerably within the state. While some areas may have higher rates, Van Buren's rate aligns favorably against the state median, providing a financial benefit to its residents. This comparison underscores the importance of understanding local tax dynamics, as they can significantly impact property ownership costs.

Property Tax Rates Across Van Buren, Wells County, Indiana

Source: Ownwell

0.37%

0.48%

0.59%

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 Van Buren Tax Rate

0.45%

Median Effective Wells County Tax Rate

0.56%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Van Buren, Wells County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46991	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Van Buren, Wells County, Indiana

When examining property taxes in Van Buren, 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 Assessor 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 Wells County, assessment notices are sent in the spring each year. 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 Van Buren. For example, the median home price in Van Buren is $123,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Van Buren, Wells County, Indiana

Source: Ownwell

$76,900

$173,750

$270,600

Median Van Buren Market Value

$123,900

Median Wells County Market Value

$188,100

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Van Buren, Wells County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46991	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Van Buren, Wells County, Indiana

In Van Buren, located in Wells County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Van Buren is $123,900, and the property tax rate is a crucial factor in determining the final tax bill. Homeowners in this area can expect a tax bill that ranges from the 25th percentile at $401 to the 75th percentile at $941, with some reaching the 90th percentile at $1,728. These tax bills significantly impact homeowners' finances, especially when compared to the national median property tax bill of $2,400. Ownwell offers valuable services to help homeowners potentially reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in ensuring their properties are assessed accurately, potentially leading to significant savings on their annual tax obligations.

Property Tax Bills Across Van Buren, Wells County, Indiana

Source: Ownwell

$314

$941

$1,568

Median Van Buren Tax Bill

$559

Median Wells County Tax Bill

$1,092

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Van Buren, Wells County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46991	N/A	N/A	N/A	N/A	N/A

Source: Ownwell