Tipton County, Indiana Property Taxes
Median Tipton County effective property tax rate: 0.79%, significantly lower than the national median of 1.02%.
Median Tipton County home value: $150,000
Median annual Tipton County tax bill: $1,227, $1,173 lower than the national median property tax bill of $2,400.
How are property taxes in Tipton County calculated?
Property taxes in Tipton County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Tipton or another part of Tipton County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tipton County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,185
$1,100
Property Tax Rates Across Tipton County, Indiana
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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.
In Tipton County, Indiana, the effective property tax rate is 0.79%, which is lower than the national median property tax rate of 1.02%. This means property owners in Tipton County enjoy a relatively lower tax burden compared to the national average. Within Indiana, tax rates can vary significantly. For instance, Hobbs has the highest median tax rate at 1.41%, while Goldsmith boasts the lowest at 0.48%.
Comparing Tipton County's rate to these figures highlights the diversity in property tax rates across the state. Understanding these differences can help homeowners make informed decisions about property investments and tax appeal opportunities.
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 Tipton County Tax Rate
0.79%
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 Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Tipton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | 0.43% | 0.63% | 0.73% | 1.02% | 1.48% |
| Elwood | 0.36% | 0.52% | 0.68% | 1.00% | 1.49% |
| Goldsmith | 0.25% | 0.34% | 0.48% | 0.63% | 1.50% |
| Greentown | N/A | N/A | N/A | N/A | N/A |
| Hobbs | 0.38% | 0.46% | 1.41% | 1.57% | 2.99% |
| Kempton | 0.43% | 0.58% | 0.75% | 1.37% | 1.97% |
| Kirklin | 0.53% | 0.64% | 0.86% | 1.32% | 1.51% |
| Kokomo | 0.51% | 0.61% | 0.66% | 0.72% | 0.85% |
| Russiaville | 0.38% | 0.52% | 0.66% | 0.76% | 0.83% |
| Sharpsville | 0.50% | 0.61% | 0.72% | 0.99% | 1.58% |
| Sheridan | N/A | N/A | N/A | N/A | N/A |
| Tipton | 0.50% | 0.64% | 0.88% | 1.00% | 1.80% |
| Windfall | 0.52% | 0.64% | 0.78% | 1.50% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Tipton County, Indiana
When examining property taxes in Tipton County, 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 Tipton 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 Tipton 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 Tipton County.
For example, the median tax bill in Tipton County is $1,773, with tax bills ranging significantly across the county. Kokomo has the highest median home price at $208,400.
Median Tipton County Market Value
$150,000
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Tipton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | $85,160 | $144,000 | $206,950 | $293,200 | $382,700 |
| Elwood | $56,100 | $99,000 | $149,500 | $229,700 | $332,000 |
| Goldsmith | $35,340 | $76,250 | $114,150 | $137,500 | $192,230 |
| Greentown | N/A | N/A | N/A | N/A | N/A |
| Hobbs | $32,040 | $50,950 | $91,050 | $101,425 | $116,640 |
| Kempton | $22,300 | $62,925 | $116,250 | $178,550 | $282,710 |
| Kirklin | $116,240 | $134,900 | $183,550 | $259,825 | $286,810 |
| Kokomo | $145,650 | $169,675 | $208,400 | $245,250 | $292,850 |
| Russiaville | $112,280 | $144,100 | $193,000 | $269,100 | $314,220 |
| Sharpsville | $51,940 | $108,950 | $159,900 | $214,650 | $273,340 |
| Sheridan | N/A | N/A | N/A | N/A | N/A |
| Tipton | $74,300 | $108,200 | $153,200 | $221,675 | $307,470 |
| Windfall | $17,650 | $57,775 | $98,550 | $190,550 | $261,970 |
Source: Ownwell
Property Tax Bills Across Tipton County, Indiana
In Tipton County, IN, 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 property's market value. Homeowners in Tipton County benefit from a relatively low median property tax bill, with the 25th percentile at $739, which is significantly below the national median property tax bill of $2,400. The tax bill can rise to the 75th percentile at $1,876 or even reach the 90th percentile at $2,753, depending on the property's assessed value and applicable exemptions.
Factors influencing the tax bill include the property's location, size, and any improvements made. For instance, in the city of Kirklin, the highest median tax bill is $1,773, while Goldsmith boasts the lowest at $547. These variations can significantly impact homeowners, as higher property taxes can increase monthly housing costs, while lower taxes can make homeownership more affordable. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Median Tipton County Tax Bill
$1,227
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Tipton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | $346 | $1,021 | $1,691 | $2,494 | $3,673 |
| Elwood | $235 | $541 | $1,112 | $2,024 | $2,937 |
| Goldsmith | $172 | $275 | $547 | $761 | $1,301 |
| Greentown | N/A | N/A | N/A | N/A | N/A |
| Hobbs | $319 | $418 | $590 | $1,307 | $1,607 |
| Kempton | $205 | $459 | $880 | $1,502 | $2,378 |
| Kirklin | $553 | $994 | $1,773 | $2,177 | $2,919 |
| Kokomo | $745 | $1,047 | $1,361 | $1,781 | $2,237 |
| Russiaville | $606 | $682 | $1,307 | $1,862 | $2,306 |
| Sharpsville | $408 | $744 | $1,207 | $1,789 | $2,589 |
| Sheridan | N/A | N/A | N/A | N/A | N/A |
| Tipton | $477 | $910 | $1,320 | $1,950 | $2,831 |
| Windfall | $210 | $457 | $933 | $1,574 | $2,365 |
Source: Ownwell