Lakeville, Marshall County, Indiana Property Taxes

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

Median Lakeville, IN effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Lakeville, IN home value: $179,400
Median annual Lakeville, IN tax bill: $1,294, $1,106 lower than the national median property tax bill of $2,400.

How are property taxes in Marshall calculated?

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

Last Updated March 1, 2025

Lakeville, Marshall County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$1,346

$1,249

Ownwell’s Lakeville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lakeville with just two data points. By entering your property's estimated assessed value, our calculator applies Lakeville’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 Lakeville, Marshall County, Indiana

Local government entities are responsible for setting tax rates, which can vary significantly within Indiana. This variation occurs because each county annually estimates its required budget for services and divides that by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Lakeville, located in Marshall County, the effective property tax rate is 0.75%, which is lower than the national median of 1.02%. This rate is consistent across the county, making it one of the more favorable areas for property owners in Indiana. Compared to the national median property tax bill of $2,400, residents in Lakeville benefit from lower property tax obligations, providing a more affordable living environment. This can be particularly advantageous for homeowners looking to maximize their investment and manage their expenses effectively. Whether you're a current resident or considering relocating, understanding these local tax dynamics can help you make informed decisions about property ownership.

Property Tax Rates Across Lakeville, 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 Lakeville Tax Rate

0.75%

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 Lakeville, Marshall County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46536	0.50%	0.65%	0.75%	0.82%	1.05%

Source: Ownwell

Property Tax Assessment Values Across Lakeville, Marshall County, Indiana

When examining property taxes in Lakeville, IN, 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 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. Assessment notices: In Marshall County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Lakeville. For example, the median home price in Lakeville is $179,400, with tax bills ranging significantly across the county. Zip code 46536 has the highest median home price at $179,400.

Property Tax Assessment Values Across Lakeville, Marshall County, Indiana

Source: Ownwell

$72,900

$145,400

$217,900

Median Lakeville Market Value

$179,400

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 Lakeville, Marshall County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46536	$100,360	$141,950	$179,400	$214,700	$243,440

Source: Ownwell

Property Tax Bills Across Lakeville, Marshall County, Indiana

In Lakeville, located in Marshall County, IN, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors and reflects the market value of the property. The property tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. In Lakeville, the tax bill ranges from the 25th percentile at $859 to the 90th percentile at $2,035, with a median tax bill of $1,294 in the 46536 zip code. This is significantly lower than the national median property tax bill of $2,400, making it relatively affordable for homeowners in the area. However, property taxes can still be a financial burden. Ownwell offers services to help homeowners appeal their property tax assessments and potentially lower their tax bills. By providing expert guidance and support, Ownwell can help homeowners save money and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Lakeville, Marshall County, Indiana

Source: Ownwell

$458

$1,303

$2,147

Median Lakeville Tax Bill

$1,294

Median Marshall County Tax Bill

$1,216

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Lakeville, Marshall County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46536	$509	$859	$1,294	$1,739	$2,035

Source: Ownwell