Miami County, Indiana Property Taxes
Median Miami County effective property tax rate: 0.80%, significantly lower than the national median of 1.02%.
Median Miami County home value: $92,500
Median annual Miami County tax bill: $709, $1,691 lower than the national median property tax bill of $2,400.
How are property taxes in Miami County calculated?
Property taxes in Miami County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Peru or another part of Miami County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Miami County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$740
$687
Property Tax Rates Across Miami County, Indiana
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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 St. Joseph County's effective property tax rate to other counties in Indiana or the U.S. median property tax rate. In St. Joseph County, the median property tax rate is 1.03%, slightly above the national median of 1.02%. Homeowners here pay a median property tax bill of $1,600, which is below the national median of $2,400. This difference can be attributed to the lower property values in the region, which affect the overall tax bill despite the higher rate. Understanding these nuances can help property owners make informed decisions about appealing their property taxes and seeking exemptions.
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 Miami County Tax Rate
0.80%
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 Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Miami County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Akron | 0.58% | 0.66% | 0.79% | 1.24% | 1.53% |
| Amboy | 0.30% | 0.43% | 0.72% | 1.40% | 2.20% |
| Bunker Hill | 0.35% | 0.49% | 0.68% | 1.14% | 2.02% |
| Converse | 0.49% | 0.64% | 0.88% | 1.73% | 2.23% |
| Deedsville | 0.23% | 0.31% | 0.73% | 1.39% | 1.59% |
| Denver | 0.23% | 0.34% | 0.52% | 0.98% | 1.49% |
| Galveston | 0.30% | 0.42% | 0.52% | 0.67% | 1.48% |
| Greentown | N/A | N/A | N/A | N/A | N/A |
| Kokomo | 0.30% | 0.42% | 0.54% | 1.10% | 1.50% |
| Macy | 0.29% | 0.44% | 0.68% | 1.20% | 1.68% |
| Mexico | 0.18% | 0.25% | 0.37% | 0.63% | 1.48% |
| Miami | 0.28% | 0.31% | 1.14% | 1.37% | 2.35% |
| Peru | 0.31% | 0.54% | 0.85% | 1.26% | 2.01% |
| Roann | 0.34% | 0.49% | 0.68% | 1.14% | 1.39% |
| Silver Lake | N/A | N/A | N/A | N/A | N/A |
| Wabash | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Miami County, Indiana
When examining property taxes in Miami County, 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 Miami 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.
Assessment notices: In Miami 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 Miami County. For example, the median tax bill in Miami County is $1,397, with tax bills ranging significantly across the county. Akron has the highest median home price at $172,100.
Median Miami County Market Value
$92,500
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Miami County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Akron | $57,080 | $113,600 | $172,100 | $242,525 | $329,110 |
| Amboy | $24,600 | $65,100 | $121,700 | $195,500 | $283,300 |
| Bunker Hill | $35,050 | $75,200 | $121,650 | $190,050 | $277,700 |
| Converse | $38,960 | $69,975 | $109,750 | $153,250 | $221,590 |
| Deedsville | $5,590 | $11,850 | $24,850 | $41,150 | $52,780 |
| Denver | $37,190 | $68,300 | $108,600 | $167,050 | $224,360 |
| Galveston | $44,960 | $79,600 | $166,800 | $218,800 | $313,720 |
| Greentown | N/A | N/A | N/A | N/A | N/A |
| Kokomo | $32,820 | $66,300 | $126,600 | $194,700 | $272,180 |
| Macy | $20,450 | $52,425 | $100,150 | $156,625 | $239,610 |
| Mexico | $34,960 | $76,700 | $103,200 | $130,300 | $150,800 |
| Miami | $6,900 | $22,375 | $43,100 | $58,175 | $76,700 |
| Peru | $24,600 | $48,800 | $84,100 | $142,000 | $210,100 |
| Roann | $48,150 | $86,075 | $136,600 | $192,850 | $274,070 |
| Silver Lake | N/A | N/A | N/A | N/A | N/A |
| Wabash | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Miami County, Indiana
Median Miami County Tax Bill
$709
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Miami County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Akron | $513 | $813 | $1,397 | $2,237 | $3,552 |
| Amboy | $193 | $401 | $810 | $1,373 | $2,306 |
| Bunker Hill | $245 | $516 | $917 | $1,474 | $2,153 |
| Converse | $295 | $583 | $1,058 | $1,639 | $2,465 |
| Deedsville | $78 | $91 | $113 | $194 | $290 |
| Denver | $154 | $287 | $571 | $1,072 | $1,533 |
| Galveston | $153 | $367 | $908 | $1,479 | $1,986 |
| Greentown | N/A | N/A | N/A | N/A | N/A |
| Kokomo | $197 | $369 | $710 | $1,205 | $2,027 |
| Macy | $149 | $268 | $620 | $1,202 | $2,166 |
| Mexico | $134 | $205 | $373 | $604 | $1,005 |
| Miami | $57 | $135 | $252 | $504 | $816 |
| Peru | $213 | $341 | $699 | $1,176 | $1,814 |
| Roann | $239 | $464 | $833 | $1,544 | $2,581 |
| Silver Lake | N/A | N/A | N/A | N/A | N/A |
| Wabash | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell