Osceola, St. Joseph County, Indiana Property Taxes
Median Osceola, IN effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Osceola, IN home value: $200,800
Median annual Osceola, IN tax bill: $1,891, $509 lower than the national median property tax bill of $2,400.
How are property taxes in St. Joseph calculated?
Property taxes in Osceola, 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 Osceola’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Osceola, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Osceola, St. Joseph County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$1,847
$1,714
Property Tax Rates Across Osceola, St. Joseph County, Indiana
In Osceola, located in St. Joseph County, IN, property tax rates are determined by local government entities and can significantly vary within the state. Each year, the county assesses its budgetary needs to fund essential services and divides this by the total assessed value of all taxable properties within its jurisdiction. This calculation establishes the property tax rate. Although the process involves votes and legislative measures, this is the core of how property tax rates are set annually.
Osceola's effective property tax rate can be compared to other cities in Indiana and against the median property tax rates both within the state and across the U.S. The town's tax rate is influenced by local budgetary requirements and property values, which can lead to variations when compared to the national median property tax rate of 1.02% and the national median property tax bill of $2,400. Understanding these dynamics is crucial for property owners looking to manage their tax liabilities effectively.
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 Osceola Tax Rate
0.92%
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 St. Joseph County Tax Rate
1.09%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Osceola, St. Joseph County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46561 | 0.64% | 0.80% | 0.92% | 1.01% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Osceola, St. Joseph County, Indiana
When examining property taxes in Osceola, 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 St. Joseph 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 St. Joseph County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Osceola.
For example, the median home price in Osceola is $200,800, with tax bills ranging significantly across the county. Zip code 46561 has the highest median home price at $200,800.
Property Tax Assessment Values Across Osceola, St. Joseph County, Indiana
Source: Ownwell
$72,500
$193,600
$314,700
Median Osceola Market Value
$200,800
Median St. Joseph County Market Value
$157,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Osceola, St. Joseph County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46561 | $89,620 | $135,850 | $200,800 | $266,925 | $330,660 |
Source: Ownwell
Property Tax Bills Across Osceola, St. Joseph County, Indiana
Median Osceola Tax Bill
$1,891
Median St. Joseph County Tax Bill
$1,785
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Osceola, St. Joseph County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46561 | $592 | $1,109 | $1,891 | $2,620 | $3,370 |
Source: Ownwell