Claypool, Kosciusko County, Indiana Property Taxes
Median Claypool, Indiana effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Claypool, Indiana home value: $149,800
Median annual Claypool, Indiana tax bill: $1,099, $1,301 lower than the national median property tax bill of $2,400.
How are property taxes in Kosciusko calculated?
Property taxes in Claypool, 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 Claypool’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Claypool, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Claypool, Kosciusko County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$1,094
$1,015
Property Tax Rates Across Claypool, Kosciusko County, Indiana
Local government entities are responsible for setting tax rates, leading to significant variations within a state. This variation occurs because each county calculates its necessary budget to deliver services and then divides that by the total value of all taxable property within its boundaries. This calculation determines the property tax rate. While votes and legislation play a role in establishing tax rates and budgets, this is essentially the annual procedure.
In Claypool, located in Kosciusko County, Indiana, the effective property tax rate stands at 0.73%, aligning with the highest and lowest rates in the area. When compared to the national median property tax rate of 1.02%, Claypool's rate is considerably lower, making it an attractive option for property owners looking to save on taxes. Additionally, the national median property tax bill is $2,400, which highlights the potential savings for residents in this region. By understanding these rates, property owners can make informed decisions and potentially benefit from appealing or seeking exemptions where applicable. This comparison underscores the importance of local tax policies and their impact on property owners.
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 Claypool Tax Rate
0.73%
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 Kosciusko County Tax Rate
0.79%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Claypool, Kosciusko County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46510 | 0.38% | 0.54% | 0.73% | 1.13% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Claypool, Kosciusko County, Indiana
When examining property taxes in Claypool, 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 Kosciusko 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 Kosciusko 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 Claypool. For example, the median home price in Claypool is $149,800, with tax bills ranging significantly across the county. Zip code 46510 has the highest median home price at $149,800.
Property Tax Assessment Values Across Claypool, Kosciusko County, Indiana
Source: Ownwell
$76,200
$210,000
$343,800
Median Claypool Market Value
$149,800
Median Kosciusko County Market Value
$191,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Claypool, Kosciusko County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46510 | $35,520 | $84,000 | $149,800 | $229,500 | $327,880 |
Source: Ownwell
Property Tax Bills Across Claypool, Kosciusko County, Indiana
Median Claypool Tax Bill
$1,099
Median Kosciusko County Tax Bill
$1,442
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Claypool, Kosciusko County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46510 | $220 | $495 | $1,099 | $1,800 | $2,728 |
Source: Ownwell