Wolcott, White County, Indiana Property Taxes

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

Median Wolcott, IN effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Wolcott, IN home value: $153,750
Median annual Wolcott, IN tax bill: $1,406, $994 lower than the national median property tax bill of $2,400.

How are property taxes in White County calculated?

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

Last Updated March 1, 2025

Wolcott, White County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$1,399

$1,298

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

Property Tax Rates Across Wolcott, White County, Indiana

Local government entities are responsible for setting 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 Wolcott’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

In Wolcott, located in White County, the effective property tax rate is closely aligned with the state's median rate, which stands at 0.91%. This rate is notably lower than the national median property tax rate of 1.02%. Homeowners in Wolcott benefit from property tax bills that are generally below the national median of $2,400, offering a more affordable option compared to other regions across the country. Understanding these rates can help you make informed decisions about property investments and potential savings through property tax appeals and exemptions.

Property Tax Rates Across Wolcott, White County, Indiana

Source: Ownwell

0.40%

0.66%

0.91%

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 Wolcott Tax Rate

0.91%

Median Effective White County Tax Rate

0.74%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wolcott, White County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47995	0.49%	0.59%	0.91%	1.09%	2.28%

Source: Ownwell

Property Tax Assessment Values Across Wolcott, White County, Indiana

When examining property taxes in Wolcott, 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 White 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. Assessment notices: In White 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 Wolcott. For example, the median home price in Wolcott is $153,750, with tax bills ranging significantly across the county. Zip code 47995 has the highest median home price at $153,750.

Property Tax Assessment Values Across Wolcott, White County, Indiana

Source: Ownwell

$47,600

$188,650

$329,700

Median Wolcott Market Value

$153,750

Median White County Market Value

$154,000

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wolcott, White County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47995	$78,610	$107,500	$153,750	$225,475	$322,840

Source: Ownwell

Property Tax Bills Across Wolcott, White County, Indiana

In Wolcott, located in White County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Wolcott, the property tax bill can range significantly, with the 25th percentile at $854 and the 90th percentile reaching $3,245. The median home price in the area is $153,750, and the median tax bill is $1,406, which is below the national median of $2,400. This lower tax bill can be appealing to homeowners, but it still represents a significant annual expense. Homeowners may feel the impact of this expense particularly if their home value is reassessed at a higher rate. Ownwell can assist homeowners in Wolcott by providing expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners reduce their tax bills, ensuring they pay only what is fair and accurate.

Property Tax Bills Across Wolcott, White County, Indiana

Source: Ownwell

$180

$1,002

$1,823

Median Wolcott Tax Bill

$1,406

Median White County Tax Bill

$1,109

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Wolcott, White County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47995	$520	$854	$1,406	$2,156	$3,245

Source: Ownwell