Elkhart County Property Taxes
The median property tax rate in Elkhart County is 1.02%, which is slightly higher than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Elkhart County at $169,500, the typical annual property tax bill reaches $1,809, which is lower than the national median of $2,690. Property taxes in Elkhart County are calculated based on the tax assessed value, often falling below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Elkhart County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Elkhart or another part of Elkhart County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elkhart County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Elkhart County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elkhart County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Elkhart County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Elkhart County, Indiana
Property taxes in Elkhart County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Elkhart County is 1.02%, which is higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within Elkhart County set these rates annually, and they can vary significantly between different areas within the county. Each year, Elkhart County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Elkhart County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Sebring has one of the higher property tax rates in Indiana at 1.46%, while the city of Milford boasts one of the lowest at 0.72%. Analyzing how Elkhart County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Elkhart County Tax Rate
1.02%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elkhart County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bristol | 0.67% | 0.79% | 0.90% | 1.05% | 1.48% |
| Elkhart | 0.69% | 0.87% | 1.02% | 1.20% | 2.05% |
| Goshen | 0.81% | 0.97% | 1.21% | 1.30% | 2.55% |
| Granger | 0.81% | 0.94% | 1.02% | 1.08% | 1.21% |
| Ligonier | 0.73% | 0.78% | 0.90% | 1.01% | 1.40% |
| Middlebury | 0.84% | 1.00% | 1.03% | 1.25% | 1.92% |
| Milford | 0.67% | 0.70% | 0.72% | 0.78% | 0.92% |
| Millersburg | 0.70% | 0.81% | 0.93% | 1.02% | 1.48% |
| Mishawaka | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
| Nappanee | 0.77% | 0.93% | 1.03% | 1.08% | 1.83% |
| New Paris | 0.64% | 0.76% | 0.87% | 0.96% | 1.45% |
| Osceola | 0.80% | 0.90% | 1.00% | 1.11% | 1.85% |
| Sebring | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
| Shipshewana | 0.92% | 0.96% | 1.02% | 1.06% | 1.09% |
| Syracuse | 0.62% | 0.73% | 0.85% | 0.93% | 1.41% |
| Wakarusa | 0.75% | 0.87% | 1.03% | 1.06% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Elkhart County, Indiana
In Elkhart County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Elkhart County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Elkhart County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Elkhart County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Elkhart County, the highest median tax bill is found in Shipshewana at $4,858, while Sebring has the lowest median tax bill at $941.
Average Elkhart County Assessed Value
$169,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elkhart County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bristol | $89,460 | $148,100 | $206,300 | $303,800 | $433,980 |
| Elkhart | $46,600 | $84,300 | $138,700 | $203,000 | $283,400 |
| Goshen | $83,800 | $136,600 | $189,700 | $254,300 | $345,700 |
| Granger | $112,530 | $157,100 | $260,850 | $405,925 | $525,520 |
| Ligonier | $133,620 | $174,100 | $239,700 | $391,500 | $601,960 |
| Middlebury | $65,900 | $160,500 | $233,800 | $337,000 | $467,580 |
| Milford | $145,080 | $187,400 | $211,800 | $235,700 | $293,320 |
| Millersburg | $88,340 | $128,400 | $196,800 | $300,700 | $430,060 |
| Mishawaka | $207,500 | $207,500 | $207,500 | $207,500 | $207,500 |
| Nappanee | $87,520 | $127,450 | $170,800 | $254,600 | $366,920 |
| New Paris | $91,360 | $142,100 | $207,600 | $276,900 | $359,120 |
| Osceola | $94,600 | $148,625 | $212,450 | $277,300 | $369,300 |
| Sebring | $64,400 | $64,400 | $64,400 | $64,400 | $64,400 |
| Shipshewana | $248,620 | $333,850 | $475,900 | $497,900 | $511,100 |
| Syracuse | $103,100 | $151,100 | $221,700 | $332,800 | $431,300 |
| Wakarusa | $108,860 | $155,050 | $206,900 | $274,150 | $387,760 |
Source: Ownwell
Property Tax Bills Across Elkhart County, Indiana
In Elkhart County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or modifications made to the property. Homeowners in Elkhart County can expect property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $1,126, while the 75th percentile sees bills near $2,668. The highest median tax bill in the county is found in Shipshewana at $4,858, whereas Sebring has the lowest median tax bill at $941. These variations can impact homeowners differently, making it crucial for them to understand how their specific property characteristics influence their tax obligations. Comparing this to the national median property tax rate of 0.99%, Elkhart County offers a diverse range of tax burdens.
Average Elkhart County Tax Bill
$1,809
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Elkhart County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bristol | $659 | $1,224 | $1,959 | $2,953 | $4,588 |
| Elkhart | $445 | $897 | $1,460 | $2,175 | $3,131 |
| Goshen | $950 | $1,631 | $2,261 | $3,067 | $4,177 |
| Granger | $978 | $1,542 | $2,914 | $4,280 | $5,755 |
| Ligonier | $1,045 | $1,434 | $2,187 | $3,666 | $5,768 |
| Middlebury | $632 | $1,658 | $2,536 | $3,848 | $5,534 |
| Milford | $974 | $1,336 | $1,566 | $1,862 | $2,370 |
| Millersburg | $668 | $1,232 | $1,859 | $2,814 | $4,151 |
| Mishawaka | $2,126 | $2,126 | $2,126 | $2,126 | $2,126 |
| Nappanee | $802 | $1,312 | $1,818 | $2,726 | $3,798 |
| New Paris | $655 | $1,207 | $1,822 | $2,585 | $3,489 |
| Osceola | $824 | $1,427 | $2,164 | $3,087 | $4,162 |
| Sebring | $941 | $941 | $941 | $941 | $941 |
| Shipshewana | $2,338 | $3,283 | $4,858 | $5,304 | $5,572 |
| Syracuse | $754 | $1,197 | $1,968 | $2,983 | $3,994 |
| Wakarusa | $970 | $1,463 | $2,084 | $2,918 | $4,151 |
Source: Ownwell