Mishawaka, Elkhart County, Indiana Property Taxes

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

Median Mishawaka, IN effective property tax rate: 1.02%, aligning with the national median of 1.02%, but slightly higher than the Indiana state median of 0.99%.
Median Mishawaka, IN home value: $207,500
Median annual Mishawaka, IN tax bill: $2,126, $274 lower than the national median property tax bill of $2,400.

How are property taxes in Elkhart calculated?

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

Last Updated March 1, 2025

Mishawaka, Elkhart County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$2,117

$1,964

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

Property Tax Rates Across Mishawaka, Elkhart County, Indiana

Local government entities determine tax rates, which can differ significantly even within the same state. This is because each county calculates its required budget annually to fund services and then divides this by the total value of all taxable property within its area, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the basic annual process. In Mishawaka, located in St. Joseph County, Indiana, the effective property tax rate is 1.01%, slightly below the national median of 1.02%. The median property tax bill in Mishawaka is $1,706, which is significantly lower than the national median of $2,400. When compared to other cities in Indiana, Mishawaka's property tax rate is competitive, reflecting the city's commitment to maintaining a balanced budget while providing essential services. By understanding these rates, property owners can make informed decisions and potentially save on their property taxes through appeals or exemptions.

Property Tax Rates Across Mishawaka, 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 Mishawaka Tax Rate

1.02%

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 Mishawaka, Elkhart County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46544	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mishawaka, Elkhart County, Indiana

When examining property taxes in Mishawaka, 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 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 Elkhart 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 Mishawaka. For example, the median home price in Mishawaka is $207,500, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mishawaka, Elkhart County, Indiana

Source: Ownwell

$100,800

$180,825

$260,850

Median Mishawaka Market Value

$207,500

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 Mishawaka, Elkhart County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46544	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mishawaka, Elkhart County, Indiana

Property tax bills in Mishawaka, Elkhart County, Indiana, are determined based on the assessed value of a property, which is a percentage of its market value. Local tax rates are then applied to this assessed value to calculate the tax bill. In Mishawaka, homeowners often find their property tax bills aligning with the 25th, 75th, and 90th percentiles, all around $2,126. This amount is slightly below the national median property tax bill of $2,400, which can be a relief for many residents. However, with a median home price of $207,500, property taxes can still be a significant expense for homeowners.

Factors such as property improvements, neighborhood changes, and local government budgets can influence both the assessed value and tax rates, impacting the final tax bill. Homeowners in Mishawaka can benefit from Ownwell's expertise in property tax appeal and exemption services. By identifying discrepancies in assessments and ensuring eligible exemptions are applied, Ownwell helps homeowners potentially reduce their property tax bills, easing their financial burden.

Property Tax Bills Across Mishawaka, Elkhart County, Indiana

Source: Ownwell

$1,217

$2,066

$2,914

Median Mishawaka Tax Bill

$2,126

Median Elkhart County Tax Bill

$1,809

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Mishawaka, Elkhart County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46544	N/A	N/A	N/A	N/A	N/A

Source: Ownwell