South Bend, Indiana Property Taxes
The median property tax rate in South Bend, IN is 1.13%, which is higher than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $139,400 in South Bend, the typical annual property tax bill amounts to $1,629, surpassing the national median of $2,690. Property taxes in South Bend are calculated based on the assessed value, often lower than market value due to exemptions like primary residence and agricultural exemptions. Understanding South Bend's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of South Bend or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Bend, Indiana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s South Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Bend to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across South Bend, Indiana
Property taxes in South Bend, Indiana, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in South Bend is 1.13%, higher than both the Indiana state median and the U.S. national median of 0.99%. Local government entities within South Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Bend estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares South Bend's effective property tax rate to other areas in Indiana and the national median. For comparison, the 46624 zip code has the highest median property tax rate of 2.46%, while the 46615 zip code has the lowest median tax rate of 1.02%. Understanding how these areas compare with South Bend provides valuable insights into the varying tax landscape across St. Joseph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Bend Tax Rate
1.13%
Average St. Joseph County Tax Rate
1.09%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Bend, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46601 | 0.95% | 1.08% | 1.22% | 2.40% | 2.40% |
| 46613 | 0.85% | 0.97% | 1.18% | 2.40% | 2.40% |
| 46614 | 0.86% | 0.98% | 1.12% | 1.22% | 2.05% |
| 46615 | 0.84% | 0.95% | 1.02% | 1.82% | 2.40% |
| 46616 | 0.81% | 0.94% | 1.05% | 2.04% | 2.40% |
| 46617 | 0.94% | 1.03% | 1.22% | 2.20% | 2.41% |
| 46618 | 1.85% | 1.89% | 1.97% | 2.05% | 2.09% |
| 46619 | 0.77% | 0.93% | 1.15% | 2.02% | 2.40% |
| 46624 | 1.61% | 2.12% | 2.46% | 2.74% | 3.14% |
| 46625 | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% |
| 46628 | 0.80% | 0.98% | 1.12% | 2.00% | 2.40% |
| 46635 | 0.89% | 1.02% | 1.14% | 1.22% | 2.27% |
| 46637 | 0.77% | 0.98% | 1.15% | 1.79% | 2.27% |
| 46680 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across South Bend, Indiana
In South Bend, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the St. Joseph County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In South Bend, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in South Bend is $139,400, with tax bills ranging significantly. The highest median tax bill is $2,681 in the 46617 zip code, while the lowest median tax bill is $982 in the 46613 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in South Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average South Bend Assessed Value
$139,400
Average St. Joseph County Assessed Value
$157,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Bend, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46601 | $36,500 | $61,800 | $95,500 | $145,175 | $185,400 |
| 46613 | $33,020 | $48,500 | $72,500 | $97,300 | $123,500 |
| 46614 | $90,100 | $126,900 | $176,100 | $234,600 | $305,550 |
| 46615 | $66,200 | $99,800 | $133,400 | $165,450 | $227,600 |
| 46616 | $42,110 | $77,300 | $113,150 | $153,475 | $203,570 |
| 46617 | $72,500 | $139,050 | $217,750 | $352,650 | $603,400 |
| 46618 | $31,810 | $49,525 | $79,050 | $108,575 | $126,290 |
| 46619 | $41,700 | $63,375 | $89,900 | $144,900 | $213,030 |
| 46624 | $20,640 | $45,300 | $60,800 | $90,500 | $140,720 |
| 46625 | $60,060 | $67,350 | $79,500 | $91,100 | $98,060 |
| 46628 | $40,000 | $64,100 | $126,400 | $213,200 | $286,860 |
| 46635 | $123,360 | $155,850 | $199,300 | $247,100 | $289,900 |
| 46637 | $64,650 | $120,075 | $179,100 | $244,800 | $320,650 |
| 46680 | $107,300 | $107,300 | $107,300 | $107,300 | $107,300 |
Source: Ownwell
Property Tax Bills Across South Bend, Indiana
In South Bend, located in St. Joseph County, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in South Bend see a range of tax bills due to variations in property values and specific local tax rates. For instance, the median home price in the area is $139,400, which influences the tax bill significantly. Several factors contribute to the final tax bill, including property location, size, and any applicable exemptions. Homeowners in the 25th percentile of tax bills pay around $1,017, while those in the 75th percentile face bills up to $2,535. The highest median tax bill in the city reaches $2,681 in the 46617 zip code, whereas the lowest is $982 in the 46613 zip code. These variations highlight the impact of property value assessments and local tax rates on homeowners' annual tax obligations.
Average South Bend Tax Bill
$1,629
Average St. Joseph County Tax Bill
$1,785
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across South Bend, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46601 | $552 | $948 | $1,461 | $1,961 | $2,676 |
| 46613 | $455 | $708 | $982 | $1,361 | $1,795 |
| 46614 | $906 | $1,350 | $1,992 | $2,798 | $3,819 |
| 46615 | $822 | $1,133 | $1,489 | $2,002 | $2,833 |
| 46616 | $581 | $933 | $1,305 | $1,902 | $2,549 |
| 46617 | $1,235 | $1,749 | $2,681 | $4,807 | $9,403 |
| 46618 | $620 | $1,006 | $1,649 | $2,292 | $2,677 |
| 46619 | $493 | $719 | $1,130 | $1,770 | $2,705 |
| 46624 | $547 | $1,152 | $1,496 | $1,682 | $2,006 |
| 46625 | $1,441 | $1,616 | $1,908 | $2,186 | $2,353 |
| 46628 | $511 | $846 | $1,509 | $2,430 | $3,497 |
| 46635 | $1,202 | $1,763 | $2,351 | $3,035 | $4,005 |
| 46637 | $760 | $1,283 | $2,149 | $3,125 | $4,656 |
| 46680 | $1,103 | $1,103 | $1,103 | $1,103 | $1,103 |
Source: Ownwell