Kokomo, Howard County, Indiana Property Taxes
Property Taxes in Kokomo, Indiana
Median Kokomo, Indiana effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, and lower than the Indiana state median of 1.01%.
Median Kokomo, Indiana home value: $131,600
Median annual Kokomo, Indiana tax bill: $1,234, lower than the national median property tax bill of $2,400.
How are property taxes in Howard calculated?
Property taxes in Kokomo, Indiana 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 Kokomo's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kokomo, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Kokomo, Howard County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,145
$1,062
How Does the Kokomo Property Tax Calculator Work?
Use this Kokomo property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Kokomo's median effective tax rate of 0.87% — based on actual property records in Howard County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Kokomo's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Kokomo: rates range from $1,034 in 46901 to $1,446 in 46902, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Kokomo.
About Kokomo Property Taxes
About Property Taxes in Kokomo, Howard, Indiana
Kokomo’s median effective property tax rate of 0.87% is lower than the Indiana state median of 1.01% and lower than the national median of 1.02%. This rate reflects the Howard County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Kokomo. Homeowners in the 46902 ZIP code carry a median effective rate of 0.88%, while those in 46901 pay 0.85%. This spread — 0.03 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Howard County. Understanding which part of Kokomo you live in can make a meaningful difference to your annual tax bill.
Kokomo homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Kokomo, Howard County, Indiana
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Kokomo's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
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 Kokomo Tax Rate
0.87%
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 Howard County Tax Rate
0.86%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Kokomo, Howard County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46901 | 0.52% | 0.64% | 0.85% | 1.67% | 1.82% |
| 46902 | 0.59% | 0.77% | 0.88% | 0.97% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Kokomo, Howard County, Indiana
When examining property taxes in Kokomo, 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 Howard County assessor 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 Howard 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 Kokomo.
For example, the median home price in Kokomo is $131,600, with tax bills ranging significantly across the county. 46902 has the highest median home price at $152,000.
Property Tax Assessment Values Across Kokomo, Howard County, Indiana
Source: Ownwell
$79,250
$136,825
$194,400
Median Kokomo Market Value
$131,600
Median Howard County Market Value
$138,800
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Kokomo, Howard County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46901 | $41,900 | $66,100 | $105,400 | $177,800 | $249,120 |
| 46902 | $75,600 | $104,000 | $152,000 | $211,775 | $293,400 |
Source: Ownwell
Property Tax Bills Across Kokomo, Howard County, Indiana
How are property tax bills calculated in Kokomo?
Property tax bills in Kokomo are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value, and the final bill reflects how the property is classified and the taxing jurisdictions that apply to it. For homeowners, this means that changes in assessment can directly affect what they owe each year.
What factors are considered in Kokomo property taxes?
Home value, assessment rules, and local tax rates all play a role. With a median home price of $131,600, property tax bills can vary widely across the city. The 25th percentile tax bill is $714, while the 75th percentile is $1,785 and the 90th percentile reaches $2,569. Median tax bills also differ by ZIP code, from $1,034 in 46901 to $1,446 in 46902.
How does this affect homeowners?
Higher assessments or higher local rates can increase annual costs, making property taxes a significant part of homeownership in Howard County.
Median Kokomo Tax Bill
$1,234
Median Howard County Tax Bill
$1,256
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Kokomo, Howard County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46901 | $331 | $569 | $1,034 | $1,516 | $2,224 |
| 46902 | $522 | $959 | $1,446 | $1,994 | $2,802 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Howard Tax Assessor | |
| Website | beacon.schneidercorp.com |