Lagrange, Lagrange County, Indiana Property Taxes
Median LaGrange, IN effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median LaGrange, IN home value: $179,000
Median annual LaGrange, IN tax bill: $1,047, $1,353 lower than the national median property tax bill of $2,400.
How are property taxes in LaGrange calculated?
Property taxes in LaGrange, 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 LaGrange’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LaGrange, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lagrange, Lagrange County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$1,020
$947
Property Tax Rates Across Lagrange, Lagrange County, Indiana
Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that 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 votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In LaGrange, Indiana, the effective property tax rate is significantly lower than both the state and national medians. This makes it an attractive location for property owners looking for relief from high property taxes. The median property tax rate in Indiana is already below the national median of 1.02%, but LaGrange stands out even further. This offers potential savings for homeowners and can make a significant difference in long-term financial planning. Comparing LaGrange’s effective property tax rate to other cities in Indiana and the U.S. highlights its affordability. Property owners in LaGrange benefit from a favorable tax environment, making it a compelling choice for those seeking to minimize their property tax burden.
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 Lagrange Tax Rate
0.57%
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 Lagrange County Tax Rate
0.63%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lagrange, Lagrange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46761 | 0.30% | 0.39% | 0.57% | 0.86% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Lagrange, Lagrange County, Indiana
When examining property taxes in Lagrange, IN, 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 LaGrange 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 LaGrange 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 Lagrange. For example, the median home price in Lagrange is $179,000, with tax bills ranging significantly across the county. Zip code 46761 has the highest median home price at $179,000.
Property Tax Assessment Values Across Lagrange, Lagrange County, Indiana
Source: Ownwell
$100,300
$261,850
$423,400
Median Lagrange Market Value
$179,000
Median Lagrange County Market Value
$195,100
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lagrange, Lagrange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46761 | $53,600 | $113,925 | $179,000 | $297,825 | $454,120 |
Source: Ownwell
Property Tax Bills Across Lagrange, Lagrange County, Indiana
Median Lagrange Tax Bill
$1,047
Median Lagrange County Tax Bill
$1,119
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Lagrange, Lagrange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46761 | $257 | $554 | $1,047 | $1,810 | $2,911 |
Source: Ownwell