Kokomo, Howard County, Indiana Property Taxes

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

Median Kokomo, IN effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but higher than the Indiana state median of 0.99%.
Median Kokomo, IN home value: $113,100
Median annual Kokomo, IN tax bill: $1,200, $1,200 lower than the national median property tax bill of $2,400.

How are property taxes in Howard County calculated?

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

Last Updated March 1, 2025

Kokomo, Howard County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$1,131

$1,050

Ownwell’s Kokomo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kokomo with just two data points.

By entering your property's estimated assessed value, our calculator applies Kokomo’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 Howard County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kokomo, Howard County, Indiana

Local government entities are responsible for setting tax rates, which can vary significantly within Indiana. Each year, counties estimate the budget needed for services and divide it by the total value of all taxable property in their area, resulting in the property tax rate. While the process involves votes and laws, this is essentially how it works annually. In Kokomo, located in Howard County, the effective property tax rate offers a glimpse into the broader tax landscape of the state. Kokomo's rate is comparable to the state's median rate, which is slightly below the national median of 1.02%. Interestingly, within Kokomo, the highest and lowest median tax rates are quite close, indicating a relatively uniform tax environment. For residents, this consistency can provide some predictability in financial planning. When compared to the national landscape, Indiana's tax rates offer a competitive advantage, being lower than the national median property tax bill of $2,400. This can make Kokomo an attractive option for property owners looking for a balance between quality services and manageable tax obligations.

Property Tax Rates Across Kokomo, Howard County, Indiana

Source: Ownwell

0.70%

0.86%

1.02%

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 Kokomo Tax Rate

1.00%

Median Effective Howard County Tax Rate

1.00%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kokomo, Howard County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46901	0.59%	0.72%	0.99%	2.00%	2.01%
46902	0.62%	0.89%	1.00%	1.07%	2.00%
46204	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Kokomo, Howard County, Indiana

When examining property taxes in Kokomo, 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 Howard County Assessor's Office 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 Howard 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 Kokomo.

For example, the median home price in Kokomo is $113,100, with tax bills ranging significantly across the county. The 46902 zip code has the highest median home price at $130,500.

Property Tax Assessment Values Across Kokomo, Howard County, Indiana

Source: Ownwell

$68,300

$120,800

$173,300

Median Kokomo Market Value

$113,100

Median Howard County Market Value

$120,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kokomo, Howard County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46901	$36,120	$55,600	$89,800	$157,200	$222,780
46902	$63,700	$86,800	$130,500	$184,000	$262,200
46204	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Kokomo, Howard County, Indiana

In Kokomo, located in Howard County, Indiana, property taxes are determined based on the assessed value of a home. The median home price in the city is $113,100, and the property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Kokomo experience a range of tax bills, with the 25th percentile paying around $690 and the 75th percentile paying about $1,749. The 90th percentile sees tax bills reaching $2,555, highlighting the variability depending on property value and location. The highest median tax bill in the area is $1,403 in the 46902 zip code, while the lowest is $1,011 in the 46901 zip code. These figures are below the national median property tax bill of $2,400, offering some relief to local homeowners. However, property taxes can still be a significant expense. Ownwell offers services to help homeowners in Kokomo potentially reduce their property tax bills through appeals and exemptions, ensuring they pay only what is necessary and fair.

Property Tax Bills Across Kokomo, Howard County, Indiana

Source: Ownwell

$437

$1,008

$1,579

Median Kokomo Tax Bill

$1,200

Median Howard County Tax Bill

$1,236

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Kokomo, Howard County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46901	$321	$551	$1,011	$1,494	$2,226
46902	$447	$907	$1,403	$1,957	$2,777
46204	N/A	N/A	N/A	N/A	N/A

Source: Ownwell