Bristol, Elkhart County, Indiana Property Taxes

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

Median Bristol, IN effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Bristol, IN home value: $206,300
Median annual Bristol, IN tax bill: $1,959, $441 lower than the national median property tax bill of $2,400.

How are property taxes in Elkhart calculated?

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

Last Updated March 1, 2025

Bristol, Elkhart County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$1,857

$1,723

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

Property Tax Rates Across Bristol, Elkhart County, Indiana

Local government entities set tax rates, which can vary widely within a state. Annually, 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 Bristol’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Property Tax Rates Across Bristol, Elkhart County, Indiana

Source: Ownwell

0.72%

1.00%

1.27%

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 Bristol Tax Rate

0.90%

Median Effective Elkhart County Tax Rate

1.02%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bristol, Elkhart County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46507	0.67%	0.79%	0.90%	1.05%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Bristol, Elkhart County, Indiana

When examining property taxes in Bristol, 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 Elkhart 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 Elkhart 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 Bristol.

For example, the median home price in Bristol is $206,300, with tax bills ranging significantly across the county. Zip code 46507 has the highest median home price at $206,300.

Property Tax Assessment Values Across Bristol, Elkhart County, Indiana

Source: Ownwell

$100,800

$180,825

$260,850

Median Bristol Market Value

$206,300

Median Elkhart County Market Value

$169,500

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bristol, Elkhart County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46507	$89,460	$148,100	$206,300	$303,800	$433,980

Source: Ownwell

Property Tax Bills Across Bristol, Elkhart County, Indiana

In Bristol, located in Elkhart County, Indiana, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Bristol experience a median property tax bill of $1,959, which is below the national median of $2,400. This means that while the median tax rate is relatively low, individual bills can vary significantly depending on the specific property's assessed value and applicable exemptions. For example, property tax bills in Bristol range from the 25th percentile at $1,224 to the 90th percentile at $4,588.

These variations can significantly impact homeowners' financial planning. By partnering with Ownwell, homeowners can potentially reduce their property tax bills. Ownwell provides expert property tax appeal services to ensure that properties are not over-assessed. Additionally, Ownwell can help identify eligible exemptions, ensuring homeowners only pay their fair share. This tailored approach can lead to substantial savings and alleviate the financial burden of property taxes.

Property Tax Bills Across Bristol, Elkhart County, Indiana

Source: Ownwell

$1,217

$2,066

$2,914

Median Bristol Tax Bill

$1,959

Median Elkhart County Tax Bill

$1,809

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Bristol, Elkhart County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46507	$659	$1,224	$1,959	$2,953	$4,588

Source: Ownwell