Tippecanoe County, Indiana Property Taxes
The median property tax rate in Tippecanoe County is 0.90%, which is slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Tippecanoe County being $169,300, the typical annual property tax bill is approximately $1,655, considerably less than the national median of $2,690. Property taxes in Tippecanoe County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Tippecanoe County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Lafayette or another part of Tippecanoe County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tippecanoe County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,524
$1,414
Ownwell’s Tippecanoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Tippecanoe with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Tippecanoe to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Tippecanoe County, Indiana
Property taxes in Tippecanoe play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Tippecanoe is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Tippecanoe set these rates annually, and they can vary significantly between different areas within the county. Each year, Tippecanoe estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Tippecanoe's effective property tax rate with other counties and the national median. For comparison, the city of Montmorenci has one of the higher property tax rates in Indiana at 1.14%, while the city of Stockwell boasts one of the lowest at 0.52%. Analyzing how Tippecanoe's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Tippecanoe County Tax Rate
0.90%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tippecanoe County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Attica | 0.50% | 0.59% | 0.67% | 1.52% | 1.52% |
| Battle Ground | 0.48% | 0.63% | 0.74% | 0.85% | 1.92% |
| Buck Creek | 0.33% | 0.42% | 0.52% | 1.52% | 1.52% |
| Clarks Hill | 0.48% | 0.61% | 0.76% | 1.47% | 2.01% |
| Dayton | 0.51% | 0.65% | 0.76% | 0.85% | 1.88% |
| Delphi | 0.37% | 0.49% | 0.74% | 1.48% | 1.48% |
| Lafayette | 0.61% | 0.71% | 0.90% | 1.01% | 2.00% |
| Linden | 0.69% | 0.72% | 0.80% | 0.83% | 1.12% |
| Montmorenci | 0.38% | 0.63% | 1.14% | 1.46% | 1.46% |
| Mulberry | N/A | N/A | N/A | N/A | N/A |
| New Richmond | 0.45% | 0.53% | 0.68% | 0.77% | 0.92% |
| Otterbein | 0.52% | 0.64% | 0.83% | 1.32% | 2.31% |
| Romney | 0.39% | 0.59% | 0.72% | 0.84% | 1.56% |
| Stockwell | 0.31% | 0.37% | 0.52% | 0.64% | 1.47% |
| West Lafayette | 0.65% | 0.73% | 1.00% | 1.21% | 1.91% |
| Westpoint | 0.43% | 0.59% | 0.75% | 0.84% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Tippecanoe County, Indiana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Tippecanoe County. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Tippecanoe County Appraisal District. The assessed value, however, 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. Assessment notices in Tippecanoe County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Cities like West Lafayette have the highest median tax bill at $2,464, while Buck Creek has the lowest at $466. Being aware of these valuation processes in Tippecanoe County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Tippecanoe County, Indiana
Source: Ownwell
$52,000
$144,800
$237,600
Average Tippecanoe County Assessed Value
$169,300
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tippecanoe County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Attica | $41,920 | $96,400 | $121,000 | $164,600 | $228,520 |
| Battle Ground | $65,100 | $94,450 | $159,600 | $268,300 | $360,600 |
| Buck Creek | $35,190 | $72,350 | $90,100 | $107,675 | $134,960 |
| Clarks Hill | $27,170 | $60,325 | $91,750 | $148,150 | $274,140 |
| Dayton | $86,900 | $105,750 | $140,200 | $159,225 | $171,900 |
| Delphi | $11,300 | $22,500 | $52,000 | $182,300 | $270,300 |
| Lafayette | $77,700 | $104,300 | $151,000 | $206,900 | $293,300 |
| Linden | $82,000 | $174,650 | $237,600 | $365,700 | $594,900 |
| Montmorenci | $33,420 | $85,700 | $115,900 | $126,200 | $166,720 |
| Mulberry | N/A | N/A | N/A | N/A | N/A |
| New Richmond | $80,640 | $92,125 | $150,800 | $173,875 | $257,960 |
| Otterbein | $47,360 | $72,000 | $89,500 | $108,600 | $136,880 |
| Romney | $72,730 | $106,025 | $152,650 | $240,600 | $311,090 |
| Stockwell | $56,300 | $75,050 | $94,100 | $134,500 | $160,460 |
| West Lafayette | $131,790 | $174,700 | $230,100 | $307,300 | $415,810 |
| Westpoint | $58,510 | $91,150 | $161,100 | $252,750 | $329,240 |
Source: Ownwell
Property Tax Bills Across Tippecanoe County, Indiana
In Tippecanoe County, Indiana, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor’s office. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Tippecanoe County experience a range of property tax bills, with the 25th percentile paying around $1,096 and the 75th percentile paying approximately $2,465. The highest median tax bill is found in West Lafayette, amounting to $2,464, while Buck Creek has the lowest median tax bill at $466. These tax bills can significantly impact homeowners, as they contribute to the overall cost of owning property in the county. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for evaluating local tax burdens. Understanding these calculations helps homeowners anticipate their annual financial obligations.
Average Tippecanoe County Tax Bill
$1,655
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Tippecanoe County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Attica | $257 | $654 | $811 | $1,464 | $2,086 |
| Battle Ground | $350 | $698 | $1,393 | $2,200 | $2,925 |
| Buck Creek | $185 | $262 | $466 | $782 | $1,369 |
| Clarks Hill | $268 | $427 | $797 | $1,455 | $2,229 |
| Dayton | $468 | $764 | $1,171 | $1,426 | $2,266 |
| Delphi | $87 | $109 | $622 | $1,211 | $2,373 |
| Lafayette | $640 | $1,022 | $1,512 | $2,080 | $2,819 |
| Linden | $332 | $775 | $1,664 | $2,234 | $2,769 |
| Montmorenci | $247 | $408 | $927 | $1,593 | $1,806 |
| Mulberry | N/A | N/A | N/A | N/A | N/A |
| New Richmond | $426 | $481 | $1,006 | $1,211 | $2,062 |
| Otterbein | $325 | $481 | $759 | $1,333 | $1,957 |
| Romney | $328 | $636 | $1,244 | $2,011 | $2,732 |
| Stockwell | $193 | $287 | $528 | $865 | $1,178 |
| West Lafayette | $1,035 | $1,612 | $2,464 | $3,505 | $4,780 |
| Westpoint | $273 | $579 | $1,258 | $2,031 | $2,688 |
Source: Ownwell