Shipshewana, Elkhart County, Indiana Property Taxes

Name: Property Tax Bills Across Shipshewana, Elkhart County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Shipshewana, IN effective property tax rate: 1.02%, matching the national median of 1.02%, but slightly higher than the Indiana state median of 0.99%.
Median Shipshewana, IN home value: $475,900
Median annual Shipshewana, IN tax bill: $4,858, $2,458 higher than the national median property tax bill of $2,400.

How are property taxes in Elkhart calculated?

Property taxes in Shipshewana, 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 Shipshewana’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shipshewana, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Shipshewana, Elkhart County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$4,854

$4,505

Ownwell’s Shipshewana Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shipshewana with just two data points. By entering your property's estimated assessed value, our calculator applies Shipshewana’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Elkhart County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Shipshewana, Elkhart County, Indiana

Local government entities set property tax rates, which can vary significantly within Indiana. Each year, counties like Elkhart estimate the budget they need to provide essential services and divide it by the total assessed value of all taxable property in their jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially how it works annually. In Shipshewana, the effective property tax rate reflects this calculation, and it can be compared to other cities in Indiana. Shipshewana's rate is an important figure for property owners to consider, as it impacts their financial planning and investment strategies. By understanding how Shipshewana's rate compares to the median property tax rates in Indiana and the national median, property owners can make more informed decisions. Knowing where Shipshewana stands in relation to these benchmarks can provide valuable context for homeowners and potential buyers.

Property Tax Rates Across Shipshewana, Elkhart County, Indiana

Source: Ownwell

0.72%

1.00%

1.27%

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 Shipshewana Tax Rate

1.02%

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 Shipshewana, Elkhart County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46565	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Shipshewana, Elkhart County, Indiana

When examining property taxes in Shipshewana, 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 April. 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 Shipshewana. For example, the median home price in Shipshewana is $475,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Shipshewana, Elkhart County, Indiana

Source: Ownwell

$100,800

$180,825

$260,850

Median Shipshewana Market Value

$475,900

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 Shipshewana, Elkhart County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46565	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Shipshewana, Elkhart County, Indiana

In Shipshewana, located in Elkhart County, Indiana, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the home, which in Shipshewana has a median price of $475,900. Homeowners in this region face a median property tax bill significantly higher than the national median of $2,400, with the 25th percentile at $3,283 and the 75th percentile reaching $5,304. These figures highlight the financial impact on homeowners, with some paying up to $5,572 at the 90th percentile. Factors such as property size, location, and improvements can influence the assessed value, subsequently affecting the tax bill.

Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By conducting a thorough analysis of property assessments and ensuring they align with market values, Ownwell can help homeowners reduce their tax burden. This proactive approach not only saves money but also provides peace of mind, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Shipshewana, Elkhart County, Indiana

Source: Ownwell

$1,217

$2,066

$2,914

Median Shipshewana Tax Bill

$4,858

Median Elkhart County Tax Bill

$1,809

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Shipshewana, Elkhart County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46565	N/A	N/A	N/A	N/A	N/A

Source: Ownwell