Culver, Marshall County, Indiana Property Taxes

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

Median Culver, IN effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%. Median Culver, IN home value: $211,150. Median annual Culver, IN tax bill: $2,147, $253 lower than the national median property tax bill of $2,400.

How are property taxes in Marshall calculated?

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

Last Updated March 1, 2025

Culver, Marshall County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$2,302

$2,136

Ownwell’s Culver Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Culver with just two data points. By entering your property's estimated assessed value, our calculator applies Culver’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 Marshall County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Culver, Marshall County, Indiana

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? 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 Culver’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S. Indiana boasts a median property tax rate that is slightly above the national median. This means that residents in Culver may experience a slightly higher property tax burden compared to the national average. However, it's crucial to understand that these rates are essential for funding local services, which can enhance the community's quality of life. Understanding these nuances can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Culver, Marshall County, Indiana

Source: Ownwell

0.55%

0.82%

1.09%

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 Culver Tax Rate

1.09%

Median Effective Marshall County Tax Rate

0.94%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Culver, Marshall County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46511	0.48%	0.69%	1.09%	1.58%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Culver, Marshall County, Indiana

When examining property taxes in Culver, 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 Marshall 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 Marshall County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Culver. For example, the median home price in Culver is $211,150, with tax bills ranging significantly across the county. Zip code 46511 has the highest median home price at $211,150.

Property Tax Assessment Values Across Culver, Marshall County, Indiana

Source: Ownwell

$72,900

$145,400

$217,900

Median Culver Market Value

$211,150

Median Marshall County Market Value

$139,800

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Culver, Marshall County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46511	$65,770	$138,800	$211,150	$357,250	$1,077,200

Source: Ownwell

Property Tax Bills Across Culver, Marshall County, Indiana

In Culver, located in Marshall County, Indiana, property tax bills are determined by assessing the property's market value and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. Homeowners in Culver face property tax bills that can vary significantly, with the 25th percentile at $979 and the 75th percentile reaching $4,508. The highest median tax bill in Culver's 46511 zip code is $2,147, which is slightly below the national median property tax bill of $2,400.

These tax bills can be a significant financial burden for homeowners, impacting their overall cost of living. Ownwell offers valuable assistance to homeowners in Culver by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax liabilities, ensuring they pay only what is fair. This support can lead to substantial savings, easing the financial pressure on homeowners and allowing them to allocate resources more effectively.

Property Tax Bills Across Culver, Marshall County, Indiana

Source: Ownwell

$458

$1,303

$2,147

Median Culver Tax Bill

$2,147

Median Marshall County Tax Bill

$1,216

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Culver, Marshall County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46511	$413	$979	$2,147	$4,508	$11,918

Source: Ownwell