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Updated 2025 Tax Year

Wabash County
Property Tax Guide

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

10 Official Sources
8 min read
Quick Facts
Tax Rate
1.5342% effective rate (varies by location due to overlapping taxing districts)
1st Due
May 10
2nd Due
Nov 10
Exemptions
5+ Available
Section 1

How Property Tax Works

Wabash County, Indiana operates under the state's property tax system, which serves as the primary funding mechanism for local government services, schools, libraries, and infrastructure maintenance. Property taxes in Wabash County fund essential services including public education, law enforcement, fire protection, road maintenance, and county administration. The effective tax rate for Wabash County properties is currently 1.5342% as certified by the Indiana Department of Local Government Finance for the 2025 tax year.

Property tax rates in Wabash County vary significantly depending on your specific location within the county due to overlapping special taxing districts. Each property is subject to county-wide taxes plus additional assessments from local townships, school districts, library districts, and other special purpose entities. For example, properties in Liberty Township face additional township levies that properties in other townships do not. This layered taxation system means two similar properties in different parts of Wabash County may have substantially different tax bills.

Section 2

What Makes Up Your Tax Bill

The following table shows the certified tax rates for Wabash County for the 2025 levy year (taxes paid in 2025):

ComponentRatePercentage of TotalDescription
Wabash County0.3530%23.17%County general operations, roads, courts
Liberty Township0.0716%4.70%Township services, fire protection, assistance
School DistrictsVaries~45-55%Local school operations and debt service
Library DistrictsVaries~3-5%Public library operations
Other Special DistrictsVaries~15-25%Municipal services, drainage, economic development

Total Composite Rate: 1.5342% (varies by taxing district location)

Note: Rates shown are for properties located within Liberty Township. Your actual tax rate will depend on which township, school district, and special taxing districts serve your property location.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Wabash 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 Wabash County are additional property tax assessments that occur outside the regular annual tax cycle. These are typically triggered by changes in property ownership, completion of new construction, major improvements, or corrections to the assessed value after the regular tax roll has been completed. When a supplemental assessment is issued, it covers the period from when the change occurred until the end of the current tax year.

For example, if you complete a home addition in March that increases your property's assessed value by $50,000, a supplemental tax bill would be calculated for the remaining 9 months of the tax year. Using Wabash County's 1.5342% tax rate, this would result in a supplemental tax of approximately $575 ($50,000 × 0.015342 × 9/12 months). Supplemental taxes are due within 30 days of the bill date and follow the same penalty structure as regular property taxes if paid late.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (100%): $300,000
  • Less: Standard Homestead Credit: -$45,000
  • Net Taxable Value: $255,000
  • Annual Tax: $255,000 × 1.5342% = $3,912
  • Monthly Escrow: $326

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (100%): $600,000
  • Less: Standard Homestead Credit: -$45,000
  • Less: Additional 10% Homestead Credit (up to $300): -$300
  • Net Taxable Value: $554,700
  • Annual Tax: $554,700 × 1.5342% = $8,512
  • Monthly Escrow: $709

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (100%): $1,000,000
  • Less: Standard Homestead Credit: -$45,000
  • Less: Additional 10% Homestead Credit (max $300): -$300
  • Net Taxable Value: $954,700
  • Annual Tax: $954,700 × 1.5342% = $14,649
  • Monthly Escrow: $1,221

Note: All credits shown require application and approval. Actual tax rates may vary based on your specific taxing districts within Wabash County.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Wabash County require borrowers to maintain an escrow account for property tax payments, especially for loans with less than 20% down payment. Your lender collects monthly escrow payments equal to 1/12 of your estimated annual property tax bill, plus a small cushion as allowed by federal law. These funds are held in a separate account and used to pay your property taxes when they become due on May 10th and November 10th each year.

Lenders typically pay property taxes a few days before the due date to ensure timely payment and avoid penalties. You should receive an annual escrow statement showing all deposits, payments, and account balances. If your property taxes increase due to reassessment or rate changes, your monthly escrow payment will be adjusted accordingly. You have the right to request escrow account information and can challenge incorrect calculations. Once you reach 20% equity and meet other lender requirements, you may be eligible to cancel escrow and pay taxes directly, though some lenders may require this option even with sufficient equity.

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 Wabash County for 2025? A: Property taxes are due May 10th and November 10th, 2025. A 5% penalty applies if paid within 30 days after the due date, and a 10% penalty applies thereafter.

Q: What homestead credits are available and do I need to apply? A: Qualifying homesteads receive a standard homestead credit plus an additional 10% credit up to $300 applied to 2026 property tax bills. Homeowners who already receive the homestead deduction do not need to refile, but new homeowners must apply with the county assessor.

Q: How does the homestead credit work? A: The homestead credit limits annual assessment increases rather than reducing market value. It caps the growth in your assessed value to help provide property tax stability for primary residences.

Q: How often are properties reassessed in Wabash County? A: Indiana law requires annual reassessment updates, with general reassessments typically conducted every few years. You can appeal your assessment through the county assessor's office if you believe it's incorrect.

Q: What are the penalties for late payment? A: Late payments incur a 5% penalty if paid within 30 days of the due date, and 10% if paid more than 30 days late. Interest may also accrue on unpaid balances.

Q: Can I pay my property taxes online? A: Yes, Wabash County offers online payment options through the county treasurer's website. Credit card and electronic check payments are typically accepted, though convenience fees may apply.

Q: Why did my tax bill change if my property value stayed the same? A: Tax bills can change due to rate adjustments by local taxing districts (schools, townships, etc.), even if your assessed value remains constant. New bond issues or budget changes can affect tax rates.

Q: What special districts might affect my property tax rate? A: Depending on your location in Wabash County, you may pay taxes to your township (such as Liberty Township), school district, library district, drainage districts, or economic development districts. Each has separate tax rates that combine for your total rate.

Q: How do I apply for property tax credits? A: Contact the Wabash County Assessor's office for applications and deadlines. Most credits require annual or periodic reapplication and have specific eligibility requirements and filing deadlines.

Q: What should I do if I receive a supplemental tax bill? A: Supplemental tax bills are due within 30 days and typically result from property changes, new construction, or assessment corrections. Contact the assessor's office if you have questions about the additional assessment.

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