Mulberry, Tippecanoe County, Indiana Property Taxes
Median Mulberry, IN effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Mulberry, IN home value: $152,700
Median annual Mulberry, IN tax bill: $976, $1,424 lower than the national median property tax bill of $2,400.
How are property taxes in Tippecanoe calculated?
Property taxes in Mulberry, 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 Mulberry’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mulberry, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mulberry, Tippecanoe County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$931
$864
Property Tax Rates Across Mulberry, Tippecanoe County, Indiana
Local government entities set tax rates, which can vary widely within a state. This variation is due to the annual process where 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 Mulberry’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
In Mulberry, located in Tippecanoe County, the effective property tax rate is notably lower than the national median rate of 1.02%. Indiana's median property tax rate is 0.61%, which is also below the national average. Homeowners in Mulberry benefit from these lower rates, resulting in more manageable property tax bills compared to the national median of $2400. This favorable tax environment can make Mulberry an attractive option for property owners looking for affordability within Indiana.
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 Mulberry Tax Rate
0.61%
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 Tippecanoe County Tax Rate
0.90%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mulberry, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46058 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mulberry, Tippecanoe County, Indiana
When examining property taxes in Mulberry, 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 Tippecanoe 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 Tippecanoe 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 Mulberry.
For example, the median home price in Mulberry is $152,700, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Mulberry, Tippecanoe County, Indiana
Source: Ownwell
$52,000
$144,800
$237,600
Median Mulberry Market Value
$152,700
Median Tippecanoe County Market Value
$169,300
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mulberry, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46058 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mulberry, Tippecanoe County, Indiana
In Mulberry, Tippecanoe County, Indiana, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Mulberry, the median property tax bill is notably lower than the national median, with the 25th percentile tax bill at $762 and the 75th percentile reaching $1,555. These figures indicate a range of tax liabilities, reflecting differences in home values and assessment practices within the area. Homeowners may find their tax bills influenced by factors such as property improvements, neighborhood changes, and market conditions.
Ownwell can assist homeowners in Mulberry by providing expert property tax appeal services. By analyzing assessment records and identifying discrepancies, Ownwell can help ensure that homeowners are not overpaying on their taxes. This service can lead to significant savings, making property ownership more affordable and lessening the financial burden on residents.
Median Mulberry Tax Bill
$976
Median Tippecanoe County Tax Bill
$1,655
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Mulberry, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46058 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell