Monterey, Starke County, Indiana Property Taxes

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

Median Monterey, Indiana effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Monterey, Indiana home value: $90,600
Median annual Monterey, Indiana tax bill: $655, $1,745 lower than the national median property tax bill of $2,400.

How are property taxes in Starke calculated?

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

Last Updated March 1, 2025

Monterey, Starke County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$716

$664

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

Property Tax Rates Across Monterey, Starke County, Indiana

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation arises because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is essentially the annual process. In Monterey, located in Starke County, Indiana, the effective property tax rate is 0.79%, which is lower than the national median property tax rate of 1.02%. This places Monterey among the areas with more affordable property tax rates compared to many other regions in the U.S. The median property tax bill in Monterey also tends to be lower, offering residents a financial advantage. By understanding these rates, property owners can better anticipate their annual tax liabilities and budget accordingly.

Property Tax Rates Across Monterey, Starke County, Indiana

Source: Ownwell

0.69%

0.91%

1.14%

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 Monterey Tax Rate

0.79%

Median Effective Starke County Tax Rate

0.83%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monterey, Starke County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46960	0.29%	0.46%	0.79%	1.18%	1.55%

Source: Ownwell

Property Tax Assessment Values Across Monterey, Starke County, Indiana

When examining property taxes in Monterey, 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 Starke 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.

In Starke 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 Monterey. For example, the median home price in Monterey is $90,600, with tax bills ranging significantly across the county. Zip code 46960 has the highest median home price at $90,600.

Property Tax Assessment Values Across Monterey, Starke County, Indiana

Source: Ownwell

$34,950

$89,725

$144,500

Median Monterey Market Value

$90,600

Median Starke County Market Value

$132,100

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monterey, Starke County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46960	$17,180	$46,050	$90,600	$148,550	$216,280

Source: Ownwell

Property Tax Bills Across Monterey, Starke County, Indiana

In Monterey, located in Starke County, Indiana, property tax bills are calculated based on the assessed value of a home. This value is determined by local assessors who evaluate various factors such as the property's size, location, and condition. Homeowners in Monterey face a median property tax bill of $655, which is significantly lower than the national median of $2,400. Tax bills in this area can range from the 25th percentile at $250 to the 90th percentile at $1,796, reflecting the diversity in property values and tax rates within the community.

For homeowners looking to reduce their property tax burdens, Ownwell offers expert property tax appeal and exemption services. By leveraging our knowledge of local tax laws and assessment procedures, we can identify potential inaccuracies in property assessments and work to secure reductions in tax liabilities. This can result in substantial savings for homeowners, ensuring they only pay their fair share. With Ownwell's assistance, navigating the complexities of property taxes becomes a straightforward and rewarding process.

Property Tax Bills Across Monterey, Starke County, Indiana

Source: Ownwell

$185

$688

$1,191

Median Monterey Tax Bill

$655

Median Starke County Tax Bill

$1,097

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Monterey, Starke County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46960	$130	$250	$655	$1,309	$1,796

Source: Ownwell