Parke County, Indiana Property Taxes

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

Median Parke County effective property tax rate: 0.56%, significantly lower than the national median of 1.02%.
Median Parke County home value: $117,900
Median annual Parke County tax bill: $683, $1,717 lower than the national median property tax bill of $2,400.

How are property taxes in Parke County calculated?

Property taxes in Parke 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 Rockville or another part of Parke County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Parke County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.56%

Estimate Property Tax Bill

$660

$613

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

Property Tax Rates Across Parke County, Indiana

Local government entities set tax rates, which can vary widely within a state. 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 Parke County's effective property tax rate to other counties in Indiana or the U.S. median property tax rate. Parke County has a median property tax rate of 0.56%, which is significantly lower than the national median of 1.02%. Within Indiana, the highest median property tax rate can be found in Bridgeton at 1.51%, while the lowest is in Waveland at 0.49%. Such variations highlight the importance of understanding local tax rates, as they can have a significant impact on your property tax bill. By being informed, property owners can make better decisions regarding their property taxes and potentially save money through appeals and exemptions.

Property Tax Rates Across Parke County, Indiana

Source: Ownwell

0.49%

1.00%

1.51%

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 Parke County Tax Rate

0.56%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Parke County, Indiana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bloomingdale	0.20%	0.28%	0.50%	1.07%	1.32%
Brazil	0.37%	0.49%	1.15%	1.23%	1.28%
Bridgeton	0.32%	0.55%	1.51%	1.68%	3.04%
Carbon	0.26%	0.41%	0.54%	1.14%	1.37%
Greencastle	0.34%	0.40%	0.49%	1.09%	1.22%
Kingman	0.23%	0.32%	0.58%	1.10%	1.19%
Marshall	0.21%	0.30%	0.49%	0.92%	1.26%
Mecca	0.21%	0.29%	0.94%	1.92%	3.81%
Montezuma	0.30%	0.40%	0.62%	1.56%	2.43%
Rockville	0.25%	0.38%	0.56%	1.12%	1.53%
Rosedale	0.25%	0.36%	0.53%	1.37%	1.86%
Russellville	N/A	N/A	N/A	N/A	N/A
Terre Haute	0.42%	0.45%	0.56%	0.73%	0.82%
Waveland	0.27%	0.38%	0.49%	0.92%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Parke County, Indiana

When examining property taxes in Parke 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 Parke County Assessor 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 Parke 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 Parke County. For example, the median tax bill in Parke County is $1,447, with tax bills ranging significantly across the county. Waveland has the highest median home price at $207,900.

Property Tax Assessment Values Across Parke County, Indiana

Source: Ownwell

$37,600

$122,750

$207,900

Median Parke County Market Value

$117,900

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Parke County, Indiana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bloomingdale	$19,530	$54,275	$92,800	$147,375	$230,340
Brazil	$43,820	$112,375	$191,450	$260,575	$305,450
Bridgeton	$4,260	$16,700	$41,100	$65,000	$94,280
Carbon	$28,390	$74,425	$125,950	$201,125	$306,590
Greencastle	$42,910	$98,950	$138,100	$221,675	$251,730
Kingman	$12,270	$33,450	$86,200	$134,725	$225,290
Marshall	$35,460	$75,075	$121,300	$207,650	$367,450
Mecca	$6,980	$13,000	$37,600	$65,800	$87,320
Montezuma	$16,790	$43,425	$78,300	$136,700	$222,280
Rockville	$35,400	$80,600	$138,900	$213,775	$311,770
Rosedale	$20,150	$56,600	$97,950	$152,875	$219,050
Russellville	N/A	N/A	N/A	N/A	N/A
Terre Haute	$103,030	$118,975	$158,000	$202,050	$267,390
Waveland	$81,300	$121,900	$207,900	$318,050	$469,500

Source: Ownwell

Property Tax Bills Across Parke County, Indiana

In Parke County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the county is $117,900, and property tax rates are applied to this assessed value to determine the tax bill. Homeowners in Parke County experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $297, while at the 75th percentile, it reaches $1,366. At the 90th percentile, homeowners may pay as much as $2,441. The city of Brazil within the county has the highest median tax bill at $1,447, contrasting sharply with the lowest median tax bill of $209 in Mecca. These figures highlight the variability in property tax bills within the county, influenced by factors such as property location and market conditions. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Parke County's tax bills can be relatively lower, offering some relief to homeowners.

Property Tax Bills Across Parke County, Indiana

Source: Ownwell

$209

$828

$1,447

Median Parke County Tax Bill

$683

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Parke County, Indiana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bloomingdale	$96	$202	$433	$936	$1,607
Brazil	$238	$554	$1,447	$2,499	$3,448
Bridgeton	$92	$215	$411	$629	$914
Carbon	$148	$323	$797	$1,341	$2,031
Greencastle	$338	$457	$774	$1,148	$1,848
Kingman	$69	$153	$376	$1,005	$1,597
Marshall	$150	$281	$625	$1,231	$2,589
Mecca	$61	$120	$209	$550	$828
Montezuma	$159	$278	$548	$1,024	$1,698
Rockville	$167	$361	$809	$1,554	$2,658
Rosedale	$134	$246	$532	$1,090	$1,875
Russellville	N/A	N/A	N/A	N/A	N/A
Terre Haute	$583	$609	$726	$1,474	$1,688
Waveland	$249	$571	$1,028	$1,697	$3,514

Source: Ownwell