Marshall County Property Taxes
The median property tax rate in Marshall County is 0.94%, which is slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Marshall County at $139,800, the typical annual property tax bill is approximately $1,216, significantly below the national median of $2,690. Property taxes in Marshall County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Marshall 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 Plymouth or another part of Marshall County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marshall County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,314
Ownwell’s Marshall County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marshall County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Marshall County to estimate your property tax bill. This tool provides valuable insights into your 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 Marshall County, Indiana
Property taxes in Marshall County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Marshall County is 0.94%, which is lower than the Indiana state median of 0.85% but slightly below the U.S. national median of 0.99%. Local government entities within Marshall County set these rates annually, and they can vary significantly between different areas within the county. Each year, Marshall 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. For comparison, the city of Culver has one of the higher property tax rates in Indiana at 1.09%, while the city of Etna Green boasts one of the lowest at 0.54%. Analyzing how Marshall County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Marshall County Tax Rate
0.94%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshall County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argos | 0.51% | 0.76% | 0.97% | 1.16% | 1.88% |
| Bourbon | 0.52% | 0.69% | 0.98% | 1.07% | 2.00% |
| Bremen | 0.55% | 0.69% | 0.92% | 1.06% | 1.54% |
| Culver | 0.48% | 0.69% | 1.09% | 1.58% | 1.70% |
| Donaldson | 0.55% | 0.55% | 0.56% | 0.59% | 0.61% |
| Etna Green | 0.44% | 0.48% | 0.54% | 0.60% | 0.64% |
| Grovertown | 0.52% | 0.75% | 0.81% | 1.15% | 1.62% |
| Lakeville | 0.50% | 0.65% | 0.75% | 0.82% | 1.05% |
| Lapaz | 0.48% | 0.60% | 0.78% | 1.18% | 2.02% |
| Mentone | 0.45% | 0.51% | 0.55% | 0.64% | 0.82% |
| Nappanee | 0.57% | 0.67% | 0.77% | 1.21% | 1.32% |
| Plymouth | 0.57% | 0.75% | 0.95% | 1.58% | 1.71% |
| Rochester | 0.77% | 0.81% | 0.87% | 1.09% | 1.19% |
| Tippecanoe | 0.31% | 0.47% | 0.65% | 1.16% | 1.33% |
| Tyner | 0.54% | 0.63% | 0.66% | 1.63% | 1.74% |
| Walkerton | 0.48% | 0.67% | 0.85% | 1.30% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Marshall County, Indiana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Marshall County, IN. 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 Marshall 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 Marshall 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. For example, Culver has the highest median tax bill at $2,147, while Tyner has the lowest at $442. Being aware of these valuation processes in Marshall County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Marshall County, Indiana
Source: Ownwell
$72,900
$157,175
$241,450
Average Marshall County Assessed Value
$139,800
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marshall County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argos | $29,600 | $74,100 | $110,700 | $160,550 | $215,600 |
| Bourbon | $45,760 | $85,950 | $127,800 | $182,700 | $229,020 |
| Bremen | $63,220 | $108,900 | $156,600 | $221,800 | $303,300 |
| Culver | $65,770 | $138,800 | $211,150 | $357,250 | $1,077,200 |
| Donaldson | $26,240 | $53,750 | $99,600 | $101,050 | $101,920 |
| Etna Green | $199,170 | $215,025 | $241,450 | $267,875 | $283,730 |
| Grovertown | $25,400 | $88,400 | $154,400 | $190,200 | $210,200 |
| Lakeville | $100,360 | $141,950 | $179,400 | $214,700 | $243,440 |
| Lapaz | $7,500 | $40,200 | $72,900 | $100,800 | $138,600 |
| Mentone | $66,400 | $96,975 | $141,900 | $168,575 | $193,180 |
| Nappanee | $141,100 | $163,675 | $217,900 | $248,575 | $294,600 |
| Plymouth | $10,500 | $65,000 | $127,600 | $191,950 | $265,400 |
| Rochester | $114,000 | $128,800 | $175,800 | $231,100 | $486,660 |
| Tippecanoe | $8,450 | $41,875 | $96,750 | $145,775 | $209,750 |
| Tyner | $8,840 | $13,100 | $92,700 | $114,100 | $118,660 |
| Walkerton | $36,240 | $99,350 | $157,600 | $231,200 | $310,660 |
Source: Ownwell
Property Tax Bills Across Marshall County, Indiana
In Marshall County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the property's market value. Homeowners in Marshall County experience a range of tax bills, with the 25th percentile paying around $608 annually, while those in the 75th percentile pay about $1,930. At the higher end, the 90th percentile sees tax bills of approximately $3,041. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, homes in Culver have the highest median tax bill at $2,147, whereas Tyner residents pay the lowest median tax bill at $442. These variations can significantly impact homeowners, affecting their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Marshall County's tax rates offer a diverse range of financial obligations for its residents.
Average Marshall County Tax Bill
$1,216
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshall County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Argos | $153 | $587 | $1,023 | $1,560 | $2,173 |
| Bourbon | $356 | $707 | $1,153 | $1,688 | $2,159 |
| Bremen | $406 | $891 | $1,429 | $2,102 | $3,013 |
| Culver | $413 | $979 | $2,147 | $4,508 | $11,918 |
| Donaldson | $148 | $296 | $543 | $557 | $565 |
| Etna Green | $1,221 | $1,225 | $1,231 | $1,238 | $1,242 |
| Grovertown | $234 | $463 | $1,249 | $1,671 | $1,936 |
| Lakeville | $509 | $859 | $1,294 | $1,739 | $2,035 |
| Lapaz | $54 | $208 | $458 | $916 | $1,414 |
| Mentone | $398 | $512 | $810 | $1,007 | $1,132 |
| Nappanee | $902 | $1,237 | $1,677 | $2,205 | $2,904 |
| Plymouth | $143 | $474 | $1,138 | $1,743 | $2,539 |
| Rochester | $1,023 | $1,091 | $1,453 | $2,002 | $4,407 |
| Tippecanoe | $61 | $205 | $569 | $1,089 | $1,585 |
| Tyner | $151 | $213 | $442 | $720 | $767 |
| Walkerton | $287 | $631 | $1,263 | $2,100 | $3,582 |
Source: Ownwell