Parke County, Indiana Property Taxes
Property Taxes in Parke County, Indiana
Median Parke County effective property tax rate: 0.47%, significantly lower than the national median of 1.02%.
Median Parke County home value: $126,800
Median annual Parke County tax bill: $627, $1,773 lower than the national median property tax bill of $2,400.
How are property taxes in Parke County calculated?
Property taxes in Parke County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Parke County or another part of Parke County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Parke County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$596
$553
How Does the Parke County Property Tax Calculator Work?
Use this Parke County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Parke County's median effective tax rate of 0.47% to generate your estimate.
Enter your property's estimated assessed value — the figure used for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Parke County's median tax rate is lower than the 1.01% Indiana median and far below the 1.02% national median property tax rate.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Parke County. The county’s median property tax bill of $627 is also lower than the Indiana median, and much lower than the $2,400 national median property tax bill.
Property Tax Rates Across Parke County, Indiana
What Are Effective Property Tax Rates Across Parke County?
Local government entities set tax rates, which vary widely across Parke County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Parke County's effective property tax rate to other counties in Indiana or the U.S. median of 1.02%.
Parke County's median effective rate stands at 0.47%, which is lower than the national median of 1.02%. Within Parke County, the highest rate is found in Bridgeton at 1.50%, while Carbon has the lowest at 0.44%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
Our median effective property tax rate (tax bill Ă· 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 ParkeCounty Tax Rate
0.47%
Our median effective property tax rate (tax bill Ă· 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 IndianaTax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Parke County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bloomingdale | 0.17% | 0.22% | 0.39% | 0.85% | 1.11% |
| Brazil | 0.33% | 0.40% | 1.17% | 1.17% | 1.17% |
| Bridgeton | 0.25% | 0.41% | 1.50% | 1.50% | 1.50% |
| Carbon | 0.23% | 0.34% | 0.44% | 1.02% | 1.17% |
| Greencastle | 0.27% | 0.34% | 0.40% | 1.02% | 1.02% |
| Kingman | 0.16% | 0.24% | 0.47% | 0.85% | 0.85% |
| Marshall | 0.18% | 0.25% | 0.34% | 0.79% | 1.10% |
| Mecca | 0.26% | 0.26% | 0.90% | 1.60% | 1.60% |
| Montezuma | 0.35% | 0.38% | 0.54% | 1.60% | 2.00% |
| Rockville | 0.24% | 0.32% | 0.45% | 1.02% | 1.50% |
| Rosedale | 0.25% | 0.34% | 0.48% | 1.50% | 1.51% |
| Terre Haute | 0.39% | 0.44% | 0.48% | 0.58% | 0.75% |
| Waveland | 0.21% | 0.26% | 0.32% | 0.78% | 0.79% |
| Russellville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Parke County, Indiana
When examining property taxes in Parke County, 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 Parke 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 Parke 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 Parke County.
For example, the median tax bill in Parke County is $627, with tax bills ranging significantly across the county. Waveland has the highest median home price at $218,150.
Median Parke County Market Value
$126,800
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Parke County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bloomingdale | $21,520 | $54,150 | $96,000 | $152,600 | $236,740 |
| Brazil | $45,260 | $119,750 | $203,500 | $275,900 | $321,360 |
| Bridgeton | $6,850 | $17,925 | $42,100 | $65,250 | $87,300 |
| Carbon | $28,780 | $74,900 | $132,000 | $212,400 | $310,680 |
| Greencastle | $42,530 | $101,250 | $144,200 | $226,075 | $262,170 |
| Kingman | $12,500 | $37,250 | $96,100 | $151,625 | $260,140 |
| Marshall | $36,960 | $83,250 | $141,300 | $253,650 | $428,340 |
| Mecca | $6,730 | $13,300 | $36,650 | $65,025 | $86,400 |
| Montezuma | $18,840 | $44,200 | $79,050 | $144,150 | $244,810 |
| Rockville | $38,400 | $86,500 | $148,500 | $228,500 | $333,380 |
| Rosedale | $19,440 | $61,150 | $102,100 | $168,250 | $241,140 |
| Terre Haute | $110,630 | $136,775 | $172,100 | $224,900 | $301,130 |
| Waveland | $91,560 | $136,100 | $218,150 | $356,875 | $468,150 |
| Russellville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Parke County, Indiana
Property tax bills in Parke County are based on the assessed value of a home and the local tax rates set by taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill. The county’s median home price is $126,800, and that value helps show how property taxes can vary from one homeowner to another.
The tax bill is determined by multiplying the assessed value by the applicable tax rate, then applying any exemptions or local adjustments. In Parke County, the 25th percentile tax bill is $270, the 75th percentile is $1,260, and the 90th percentile is $2,308. That range shows how much bills can differ depending on property value and location. Homeowners with higher assessed values or fewer exemptions generally pay more, while lower-valued homes often have smaller bills.
Median Parke County Tax Bill
$627
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Parke County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bloomingdale | $84 | $161 | $341 | $766 | $1,438 |
| Brazil | $283 | $540 | $1,226 | $2,405 | $3,417 |
| Bridgeton | $51 | $163 | $321 | $614 | $918 |
| Carbon | $126 | $310 | $667 | $1,193 | $1,730 |
| Greencastle | $243 | $408 | $639 | $1,042 | $1,933 |
| Kingman | $52 | $121 | $303 | $875 | $1,369 |
| Marshall | $112 | $258 | $576 | $1,187 | $2,223 |
| Mecca | $44 | $100 | $170 | $336 | $590 |
| Montezuma | $147 | $251 | $533 | $1,024 | $1,677 |
| Rockville | $156 | $335 | $734 | $1,447 | $2,511 |
| Rosedale | $132 | $245 | $525 | $1,114 | $1,917 |
| Terre Haute | $564 | $692 | $790 | $1,465 | $1,725 |
| Waveland | $196 | $461 | $808 | $1,498 | $3,139 |
| Russellville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Parke Tax Assessor | |
| Website | parkein.wthgis.com |