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Updated 2025 Tax Year

Fountain County
Property Tax Guide

Everything you need to know about property taxes in Fountain County, IN. Rates, due dates, exemptions, and how it affects your monthly payment.

9 Official Sources
8 min read
Quick Facts
Tax Rate
3.4627% average (ranges 2.8%-4.0% by district)
1st Due
May 10
2nd Due
Nov 10
Exemptions
5+ Available
Section 1

How Property Tax Works

Property taxes in Fountain County, Indiana serve as the primary funding source for essential local services including public schools, county government operations, fire protection, and municipal services. The county operates under Indiana's property tax system, which bases taxes on the assessed value of real estate and personal property as of January 1st each year.

Fountain County's certified property tax rate for 2025 is 3.4627%, though actual rates vary significantly by location within the county due to different combinations of special taxing districts. Property owners may pay anywhere from approximately 2.8% to over 4.0% depending on their specific tax district, which includes various school corporations, fire districts, library districts, and municipal boundaries. This rate is substantially higher than Indiana's average due to local funding needs and district-specific levies.

The assessed value in Indiana represents the property's true tax value as determined by the County Assessor, with residential properties typically assessed at fair market value. Property owners should note that most available tax credits and deductions require annual application and are not automatically applied to tax bills.

Section 2

What Makes Up Your Tax Bill

ComponentRate RangeDescription
Base County Rate0.4000% - 0.6000%County government operations, services
School Corporation1.2000% - 1.8000%Local school districts (varies by district)
Township Rate0.1500% - 0.3000%Township government and services
Municipal Rate0.0000% - 0.8000%City/town services (if applicable)
Fire Protection0.2000% - 0.4000%Fire department funding
Library District0.1000% - 0.2000%Public library services
Other Special Districts0.0500% - 0.3000%Drainage, park districts, etc.
Total Certified Rate3.4627%Average county-wide rate

Rates shown are for Levy Year 2025 (payable in 2025). Individual property rates vary based on the specific combination of taxing districts where the property is located. Contact the Fountain County Auditor for your property's exact tax rate calculation.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Fountain County, property taxes are due in two installments:

First Installment
May 10
Delinquent after Dec 10
Second Installment
Nov 10
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Fountain County are additional tax assessments that occur when property changes ownership, undergoes new construction, or receives improvements that increase its assessed value during the tax year. These taxes cover the difference between what was originally assessed and the new assessed value, prorated for the portion of the year remaining after the change.

The supplemental tax is calculated by taking the difference in assessed values, multiplying by the applicable tax rate for that district, and prorating based on the number of months remaining in the tax year. For example, if a property's assessed value increases from $200,000 to $300,000 due to an addition completed in July, the supplemental tax would be calculated on the $100,000 increase, multiplied by the district rate (approximately 3.4627%), then prorated for 6 months, resulting in approximately $1,731 in additional taxes for that year.

Property owners typically receive supplemental tax bills within 30-60 days of the assessment change, with payment due within 30 days of the bill date. These taxes are separate from the regular tax installments and must be paid directly to the County Treasurer.

Example Calculation

Property Value: $300,000

  • Assessed Value: $300,000
  • Standard Deduction (if applied for): -$45,000
  • Net Taxable Value: $255,000
  • Annual Tax (3.4627% rate): $8,830
  • Monthly Payment: $736

Property Value: $600,000

  • Assessed Value: $600,000
  • Standard Deduction (if applied for): -$45,000
  • Homestead Credit (if applied for): -$3,000
  • Net Taxable Value: $552,000
  • Annual Tax (3.4627% rate): $19,114
  • Monthly Payment: $1,593

Property Value: $1,000,000

  • Assessed Value: $1,000,000
  • Standard Deduction (if applied for): -$45,000
  • Homestead Credit (if applied for): -$3,000
  • Net Taxable Value: $952,000
  • Annual Tax (3.4627% rate): $32,965
  • Monthly Payment: $2,747

Note: All credits and deductions shown require annual application and approval. Actual tax rates may vary based on specific taxing district location. Contact the Fountain County Auditor to determine your property's exact tax district and applicable rate.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Fountain County require property tax escrow accounts for borrowers with less than 20% down payment or upon borrower request. Lenders collect monthly escrow payments equal to 1/12 of the annual property tax bill, plus a small cushion to account for potential increases. The escrow funds are held in a separate account and used to pay property taxes when due.

Property taxes in Fountain County are paid in two installments: the first half is due by January 10th and the second half is due by May 31st of each year. Lenders typically pay these installments directly from the escrow account on behalf of the property owner. Property owners should verify that their lender has made timely payments by checking with the Fountain County Treasurer's office or online payment system.

Annual escrow account analysis statements are provided by lenders, showing the previous year's activity and calculating the coming year's required monthly payment. Property owners experiencing significant assessment changes should notify their lender promptly to avoid escrow shortages or overpayments that could affect monthly mortgage payments.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Fountain County for 2025? A: Property taxes are due in two installments for Fiscal Year 2025: first installment by January 10, 2025, and second installment by May 31, 2025. No penalty applies if paid by these dates.

Q: What tax credits are available and how do I apply? A: Available tax credits include the Standard Homestead Credit (reduces taxable value), Senior Citizens Credit (age 65+), Disabled Veterans Credit, and Over-65 Credit. All credits require annual application through the Fountain County Auditor's office by May 1st deadline.

Q: How does the Homestead Credit work? A: The Homestead Credit caps the annual increase in assessed value for your primary residence at 10% or 5% in certain circumstances. This credit limits assessment growth but does not reduce the actual market value. You must file Form 43902 annually to maintain this protection.

Q: What happens if I pay my taxes late? A: A 10% penalty is added to any unpaid balance after the due dates. Additional interest may accrue monthly on unpaid balances. Continued non-payment may result in tax sale proceedings.

Q: How often are properties reassessed in Fountain County? A: Properties are subject to annual assessment updates, with comprehensive reassessments typically conducted every 4-6 years. The County Assessor reviews sales data and market trends to adjust assessed values annually.

Q: Can I appeal my property assessment? A: Yes, property owners may appeal assessments to the County Property Tax Assessment Board of Appeals by June 15th following the assessment date. Appeals must include evidence supporting your claimed value.

Q: Can I pay property taxes online? A: Yes, Fountain County offers online payment options through the County Treasurer's website. Credit card payments may include processing fees, while e-check payments typically have lower fees.

Q: How do special taxing districts affect my tax rate? A: Your total tax rate depends on all taxing districts where your property is located, including school corporation, fire district, library district, and municipal boundaries. The County Auditor can provide your property's specific district combination and total rate.

Q: What if I disagree with a supplemental tax assessment? A: Supplemental assessments may be appealed using the same process as regular assessments. Contact the County Assessor's office within 45 days of receiving the supplemental bill to discuss appeal options.

Q: Are there tax credits available for agricultural or forest land? A: Yes, qualified agricultural and forest lands may receive preferential assessment rates. Applications must be filed with the County Auditor, and the land must meet specific use requirements to maintain eligibility.

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