Topeka, Lagrange County, Indiana Property Taxes
Median Topeka, Indiana effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Topeka, Indiana home value: $279,600
Median annual Topeka, Indiana tax bill: $1,780, $620 lower than the national median property tax bill of $2,400.
How are property taxes in LaGrange calculated?
Property taxes in Topeka, 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 Topeka’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Topeka, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Topeka, Lagrange County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$1,706
$1,583
Property Tax Rates Across Topeka, Lagrange County, Indiana
Local government entities are responsible for setting tax rates, which can vary significantly within Indiana. Each year, counties determine their required budget to provide essential services and then divide that by the total assessed value of all taxable property within their jurisdiction. This process results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental annual procedure.
In LaGrange County, where Topeka is located, the effective property tax rate is 0.61%, which is notably lower than the national median property tax rate of 1.02%. This means that property owners in Topeka benefit from lower tax rates compared to many other regions in the U.S. The median property tax rate in Indiana also stands at 0.61%, aligning with that of Topeka, indicating a consistent tax environment across the state. This lower tax rate can make Topeka an attractive place for property investment and homeownership, offering potential savings compared to areas with higher tax rates.
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 Topeka Tax Rate
0.61%
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 Topeka, Lagrange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46571 | 0.42% | 0.50% | 0.61% | 0.86% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Topeka, Lagrange County, Indiana
When examining property taxes in Topeka, 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 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.
Assessment notices: In LaGrange 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 Topeka.
For example, the median home price in Topeka is $279,600, with tax bills ranging significantly across the county. Zip code 46571 has the highest median home price at $279,600.
Property Tax Assessment Values Across Topeka, Lagrange County, Indiana
Source: Ownwell
$100,300
$261,850
$423,400
Median Topeka Market Value
$279,600
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 Topeka, Lagrange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46571 | $108,700 | $166,975 | $279,600 | $438,075 | $626,440 |
Source: Ownwell
Property Tax Bills Across Topeka, Lagrange County, Indiana
In Topeka, located in LaGrange County, Indiana, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the property, which is evaluated by local assessors. Homeowners in Topeka face a median property tax bill of $1,780, which is below the national median of $2,400. This lower tax bill can be attributed to the relatively moderate home prices and tax rates in the area. However, tax bills can vary significantly, with 25th percentile bills at $1,060 and 75th percentile bills reaching $2,878, reflecting differences in property values and specific tax rates applied.
Ownwell offers property tax appeal services that can help homeowners in Topeka potentially reduce their tax bills. By analyzing property assessments and local market data, Ownwell identifies cases where properties may be over-assessed. Through a streamlined appeal process, homeowners can achieve significant savings, ensuring they pay only their fair share in property taxes.
Median Topeka Tax Bill
$1,780
Median Lagrange County Tax Bill
$1,119
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Topeka, Lagrange County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46571 | $534 | $1,060 | $1,780 | $2,878 | $4,570 |
Source: Ownwell