Shipshewana, Lagrange County, Indiana Property Taxes

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

Median Shipshewana, IN effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Shipshewana, IN home value: $230,900
Median annual Shipshewana, IN tax bill: $1,352, $1,048 lower than the national median property tax bill of $2,400.

How are property taxes in LaGrange calculated?

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

Last Updated March 1, 2025

Shipshewana, Lagrange County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$1,639

$1,521

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

Property Tax Rates Across Shipshewana, Lagrange County, Indiana

Local government entities are responsible for setting property tax rates, and these rates can vary significantly within a state. This variation is due to each county's annual process of estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws that influence the setting of tax rates and budgets, this is essentially how the process works each year.

In Shipshewana, located in LaGrange County, the effective property tax rate is 0.71%, which aligns with the highest and lowest median tax rates within the area. This is notably lower than the national median property tax rate of 1.02%. The median property tax rate in Indiana is also lower than the national average, making it an attractive state for property owners looking to minimize their tax burden. Comparing Shipshewana’s property tax rate to other cities in Indiana and the U.S. highlights its favorable position for property owners.

Property Tax Rates Across Shipshewana, Lagrange County, Indiana

Source: Ownwell

0.30%

0.57%

0.83%

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 Shipshewana Tax Rate

0.71%

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 Shipshewana, Lagrange County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46565	0.41%	0.51%	0.71%	1.07%	1.12%

Source: Ownwell

Property Tax Assessment Values Across Shipshewana, Lagrange County, Indiana

When examining property taxes in Shipshewana, 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 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 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 Shipshewana. For example, the median home price in Shipshewana is $230,900, with tax bills ranging significantly across the county. Zip code 46565 has the highest median home price at $230,900.

Property Tax Assessment Values Across Shipshewana, Lagrange County, Indiana

Source: Ownwell

$100,300

$261,850

$423,400

Median Shipshewana Market Value

$230,900

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 Shipshewana, Lagrange County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46565	$10,560	$57,300	$230,900	$373,100	$518,740

Source: Ownwell

Property Tax Bills Across Shipshewana, Lagrange County, Indiana

In Shipshewana, located in LaGrange County, Indiana, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners, the property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $354, while it rises to $2,431 at the 75th percentile, with some homeowners facing bills as high as $3,674 at the 90th percentile. The median tax bill in the area is $1,352, slightly above the national median of $2,400. These taxes, while essential for funding local services, can be a significant financial burden. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their tax assessments are fair and accurate, potentially leading to substantial savings on their property tax bills.

Property Tax Bills Across Shipshewana, Lagrange County, Indiana

Source: Ownwell

$398

$1,453

$2,508

Median Shipshewana Tax Bill

$1,352

Median Lagrange County Tax Bill

$1,119

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Shipshewana, Lagrange County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46565	$106	$354	$1,352	$2,431	$3,674

Source: Ownwell