Peru, Cass County, Indiana Property Taxes
Last Updated March 1, 2025
Peru, Cass County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$1,025
$951
Property Tax Rates Across Peru, Cass County, Indiana
Local government entities determine tax rates, which can vary significantly across Indiana. This is because each county annually calculates its budget needs to provide essential services and then divides this by the total value of all taxable properties within its area. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.
Peru, located in Cass County, has an effective property tax rate of 0.96%, which aligns with the highest and lowest rates in the region, reflecting a uniform approach within this area. When compared to Indiana's median property tax rate of 0.96%, Peru is consistent with the state average. However, it is below the national median property tax rate of 1.02%. This means homeowners in Peru generally pay less in property taxes compared to the average American homeowner. Understanding these rates can help property owners make informed decisions about potential savings through property tax appeals or exemptions.
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 Peru Tax Rate
0.96%
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 Cass County Tax Rate
1.00%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Peru, Cass County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46970 | 0.48% | 0.73% | 0.96% | 1.79% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Peru, Cass County, Indiana
When examining property taxes in Peru, 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 Cass County Appraisal District 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 Cass County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Peru. For example, the median home price in Peru is $106,750, with tax bills ranging significantly across the county. Zip code 46970 has the highest median home price at $106,750.
Property Tax Assessment Values Across Peru, Cass County, Indiana
Source: Ownwell
$34,200
$70,500
$106,800
Median Peru Market Value
$106,750
Median Cass County Market Value
$79,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Peru, Cass County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46970 | $22,310 | $53,850 | $106,750 | $158,075 | $210,590 |
Source: Ownwell
Property Tax Bills Across Peru, Cass County, Indiana
In Peru, Indiana, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors and reflects the market value of the property. Homeowners in Peru face a median property tax bill of $900, which is substantially lower than the national median of $2,400. Tax bills in this area can range from $450 at the 25th percentile to $2,197 at the 90th percentile, demonstrating the variability based on property value and other factors.
These property taxes fund essential public services, impacting homeowners by contributing to community resources such as schools, roads, and emergency services. However, the burden of property taxes can be significant for some homeowners. This is where Ownwell steps in to assist. By leveraging their expertise in property tax appeals, Ownwell can help homeowners potentially lower their tax bills. They analyze the assessed value of your property, identify discrepancies, and appeal on your behalf, ensuring you only pay what is fair and equitable.
Median Peru Tax Bill
$900
Median Cass County Tax Bill
$871
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Peru, Cass County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46970 | $282 | $450 | $900 | $1,574 | $2,197 |
Source: Ownwell