Howard County, Indiana Property Taxes
The median property tax rate in Howard County is 1.00%, which is slightly higher than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Howard County at $120,500, the typical annual property tax bill is $1,236, which is below the national median of $2,690. Property taxes in Howard County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Howard 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 Kokomo or another part of Howard County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Howard County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,205
$1,118
Ownwell’s Howard County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Howard County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Howard 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 Howard County, Indiana
Property taxes in Howard County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Howard County is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Howard County set these rates annually, and they can vary significantly between different areas within the county. Each year, Howard 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 Howard County's effective property tax rate with other counties in Indiana and the national median. For comparison, the city of Fairmount has one of the higher property tax rates in Indiana at 1.52%, while the city of Forest boasts one of the lowest at 0.67%. Analyzing how Howard County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Howard County Tax Rate
1.00%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howard County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alton | N/A | N/A | N/A | N/A | N/A |
| Converse | 0.62% | 0.84% | 1.02% | 1.95% | 2.07% |
| Fairmount | N/A | N/A | N/A | N/A | N/A |
| Flora | 0.58% | 0.64% | 0.71% | 0.86% | 1.71% |
| Forest | N/A | N/A | N/A | N/A | N/A |
| Frankfort | N/A | N/A | N/A | N/A | N/A |
| Galveston | 0.51% | 0.57% | 0.70% | 0.89% | 1.65% |
| Greentown | 0.60% | 0.82% | 0.98% | 1.06% | 2.00% |
| Hemlock | 0.32% | 0.48% | 0.83% | 2.00% | 2.00% |
| Kokomo | 0.60% | 0.80% | 1.00% | 1.38% | 2.00% |
| Oakford | N/A | N/A | N/A | N/A | N/A |
| Russiaville | 0.59% | 0.76% | 0.87% | 1.00% | 1.98% |
| Sharpsville | 0.51% | 0.79% | 0.88% | 0.97% | 1.96% |
| Swayzee | 0.74% | 0.77% | 0.83% | 1.02% | 1.14% |
| West Middleton | 0.41% | 0.59% | 0.76% | 1.47% | 2.00% |
| Windfall | 0.69% | 0.84% | 0.98% | 1.18% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Howard County, Indiana
In Howard 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 Howard 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 Howard 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 instance, the highest median tax bill in Howard County is in Frankfort at $1,668, while Alton has the lowest at $115. Being aware of these valuation processes in Howard County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Howard County Assessed Value
$120,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Howard County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alton | N/A | N/A | N/A | N/A | N/A |
| Converse | $59,580 | $99,650 | $139,700 | $175,500 | $290,280 |
| Fairmount | N/A | N/A | N/A | N/A | N/A |
| Flora | $85,120 | $120,250 | $158,400 | $209,000 | $290,160 |
| Forest | N/A | N/A | N/A | N/A | N/A |
| Frankfort | N/A | N/A | N/A | N/A | N/A |
| Galveston | $91,700 | $116,800 | $151,400 | $203,100 | $229,800 |
| Greentown | $66,780 | $107,700 | $159,700 | $220,300 | $283,020 |
| Hemlock | $32,040 | $51,200 | $68,300 | $84,900 | $128,540 |
| Kokomo | $44,200 | $69,500 | $113,100 | $172,200 | $242,980 |
| Oakford | N/A | N/A | N/A | N/A | N/A |
| Russiaville | $76,000 | $124,200 | $173,300 | $242,000 | $328,200 |
| Sharpsville | $141,110 | $154,775 | $168,350 | $182,725 | $218,040 |
| Swayzee | $105,900 | $113,000 | $137,400 | $176,650 | $201,800 |
| West Middleton | $25,100 | $70,500 | $108,700 | $143,200 | $202,300 |
| Windfall | $69,340 | $108,175 | $165,850 | $227,500 | $280,580 |
Source: Ownwell
Property Tax Bills Across Howard County, Indiana
In Howard County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. In Howard County, the median home price is $120,500. Homeowners in the 25th percentile pay around $717 annually, while those in the 75th percentile pay approximately $1,810. The 90th percentile sees tax bills around $2,649. Comparatively, the highest median tax bill in the region is found in Frankfort, at $1,668, while Alton has the lowest at $115. With a national median property tax rate of 0.99%, Howard County's tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Howard County Tax Bill
$1,236
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Howard County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alton | N/A | N/A | N/A | N/A | N/A |
| Converse | $512 | $832 | $1,577 | $2,324 | $3,508 |
| Fairmount | N/A | N/A | N/A | N/A | N/A |
| Flora | $569 | $815 | $1,112 | $1,918 | $2,558 |
| Forest | N/A | N/A | N/A | N/A | N/A |
| Frankfort | N/A | N/A | N/A | N/A | N/A |
| Galveston | $515 | $711 | $1,090 | $1,792 | $2,751 |
| Greentown | $454 | $950 | $1,519 | $2,297 | $3,102 |
| Hemlock | $118 | $272 | $437 | $1,366 | $1,814 |
| Kokomo | $363 | $690 | $1,200 | $1,749 | $2,555 |
| Oakford | N/A | N/A | N/A | N/A | N/A |
| Russiaville | $526 | $997 | $1,560 | $2,315 | $3,277 |
| Sharpsville | $544 | $1,151 | $1,579 | $2,111 | $3,136 |
| Swayzee | $63 | $826 | $1,108 | $1,609 | $2,296 |
| West Middleton | $275 | $434 | $730 | $1,315 | $1,889 |
| Windfall | $429 | $837 | $1,539 | $2,378 | $3,322 |
Source: Ownwell