Mishawaka, St. Joseph County, Indiana Property Taxes
Median Mishawaka, IN effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Mishawaka, IN home value: $137,300
Median annual Mishawaka, IN tax bill: $1,611, $789 lower than the national median property tax bill of $2,400.
How are property taxes in St. Joseph calculated?
Property taxes in Mishawaka, 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 Mishawaka’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mishawaka, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mishawaka, St. Joseph County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.13%
Estimate Property Tax Bill
$1,551
$1,440
Property Tax Rates Across Mishawaka, St. Joseph County, Indiana
Local government entities are responsible for setting tax rates, which can vary significantly within Indiana. This variation is due to each county estimating its required budget annually to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This results in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is essentially the annual process.
In Mishawaka, located in St. Joseph County, the effective property tax rate is a key factor for homeowners to consider. Compared to other cities in Indiana, Mishawaka's property tax rate is quite competitive. The median property tax rate in Indiana is 1.13%, slightly above the national median of 1.02%. Within Mishawaka, the highest median tax rate can be found in the 46544 zip code at 1.14%, while the lowest is in the 46545 zip code at 1.04%. This data highlights the importance of understanding local property tax rates, as they can impact your overall financial planning and real estate decisions.
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 Mishawaka Tax Rate
1.13%
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 St. Joseph County Tax Rate
1.09%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mishawaka, St. Joseph County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46544 | 0.82% | 1.01% | 1.14% | 1.24% | 2.35% |
| 46545 | 0.72% | 0.90% | 1.04% | 1.21% | 2.35% |
| 46546 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mishawaka, St. Joseph County, Indiana
When examining property taxes in Mishawaka, 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 St. Joseph 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 St. Joseph 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 Mishawaka. For example, the median home price in Mishawaka is $137,300, with tax bills ranging significantly across the county. Zip code 46545 has the highest median home price at $140,000.
Property Tax Assessment Values Across Mishawaka, St. Joseph County, Indiana
Source: Ownwell
$72,500
$193,600
$314,700
Median Mishawaka Market Value
$137,300
Median St. Joseph County Market Value
$157,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mishawaka, St. Joseph County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46544 | $66,300 | $99,500 | $135,600 | $190,200 | $248,500 |
| 46545 | $64,600 | $103,075 | $140,000 | $211,400 | $288,550 |
| 46546 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mishawaka, St. Joseph County, Indiana
In Mishawaka, property tax bills are calculated based on the assessed value of a home, which is determined by the St. Joseph County Assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's location, size, and any improvements made can influence its assessed value. With a median home price of $137,300, homeowners in Mishawaka can expect their property tax bills to vary significantly. The 25th percentile tax bill is $1,165, while the 75th percentile reaches $2,269, and the 90th percentile can climb to $3,018. Comparatively, the national median property tax bill is $2,400, highlighting the variability homeowners face.
Ownwell assists homeowners in Mishawaka by reviewing their property assessments and identifying potential inaccuracies or opportunities for exemptions. By appealing these assessments, Ownwell can help reduce the tax burden, ensuring homeowners pay only their fair share. This service not only saves money but also provides peace of mind, knowing that property taxes are accurately assessed.
Median Mishawaka Tax Bill
$1,611
Median St. Joseph County Tax Bill
$1,785
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Mishawaka, St. Joseph County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46544 | $789 | $1,186 | $1,630 | $2,250 | $2,950 |
| 46545 | $655 | $1,132 | $1,575 | $2,304 | $3,105 |
| 46546 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell