Middlebury, Elkhart County, Indiana Property Taxes
Median MIDDLEBURY, IN effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%. Median MIDDLEBURY, IN home value: $233,800. Median annual MIDDLEBURY, IN tax bill: $2,536, $136 higher than the national median property tax bill of $2,400.
How are property taxes in Elkhart calculated?
Property taxes in MIDDLEBURY, 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 MIDDLEBURY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MIDDLEBURY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Middlebury, Elkhart County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$2,408
$2,235
Property Tax Rates Across Middlebury, Elkhart County, Indiana
Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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 MIDDLEBURY’s effective property tax rate to other cities in IN and the median property tax rates in IN and the U.S.
In MIDDLEBURY, located in Elkhart County, the property tax rate is slightly above the national median. This rate is consistent with the county's approach to budgeting and local services. Interestingly, Elkhart County exhibits a uniform property tax rate across different areas, showcasing a balanced approach in tax assessments. While the national median property tax rate stands at 1.02%, MIDDLEBURY’s rate aligns closely with the state median, reflecting a stable tax environment. This consistency ensures that property owners in MIDDLEBURY can anticipate their tax liabilities with reasonable accuracy, fostering a sense of financial stability and predictability.
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 Middlebury Tax Rate
1.03%
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 Elkhart County Tax Rate
1.02%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Middlebury, Elkhart County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46540 | 0.84% | 1.00% | 1.03% | 1.25% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Middlebury, Elkhart County, Indiana
When examining property taxes in Middlebury, 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 Elkhart County appraisal district 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.
In Elkhart County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Middlebury. For example, the median home price in Middlebury is $233,800, with tax bills ranging significantly across the county. Zip code 46540 has the highest median home price at $233,800.
Property Tax Assessment Values Across Middlebury, Elkhart County, Indiana
Source: Ownwell
$100,800
$180,825
$260,850
Median Middlebury Market Value
$233,800
Median Elkhart County Market Value
$169,500
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Middlebury, Elkhart County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46540 | $65,900 | $160,500 | $233,800 | $337,000 | $467,580 |
Source: Ownwell
Property Tax Bills Across Middlebury, Elkhart County, Indiana
Median Middlebury Tax Bill
$2,536
Median Elkhart County Tax Bill
$1,809
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Middlebury, Elkhart County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46540 | $632 | $1,658 | $2,536 | $3,848 | $5,534 |
Source: Ownwell