Knox, Starke County, Indiana Property Taxes
Median KNOX, IN effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median KNOX, IN home value: $136,500
Median annual KNOX, IN tax bill: $1,127, $1,273 lower than the national median property tax bill of $2,400.
How are property taxes in Starke calculated?
Property taxes in KNOX, 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 KNOX’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in KNOX, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Knox, Starke County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,133
$1,051
Property Tax Rates Across Knox, Starke County, Indiana
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the annual process.
KNOX, located in 18149 County, IN, has an effective property tax rate that is reflective of the county's fiscal strategy. Compared to other cities within Indiana, KNOX's rate offers homeowners a unique perspective on property tax obligations. The median property tax rate in Indiana is 0.83%, which is lower than the national median of 1.02%. This places Indiana in a favorable position for property owners, providing a more affordable tax environment compared to many other states.
For homeowners in KNOX, understanding these rates is crucial for financial planning and property investment decisions. By staying informed about local tax rates and how they compare to state and national averages, residents can better navigate their financial responsibilities.
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 Knox Tax Rate
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 Starke County Tax Rate
0.83%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Knox, Starke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46534 | 0.41% | 0.60% | 0.83% | 1.40% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Knox, Starke County, Indiana
When examining property taxes in Knox, 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 Starke 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 Starke 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 Knox.
For example, the median home price in Knox is $136,500, with tax bills ranging significantly across the county. Zip code 46534 has the highest median home price at $136,500.
Property Tax Assessment Values Across Knox, Starke County, Indiana
Source: Ownwell
$34,950
$89,725
$144,500
Median Knox Market Value
$136,500
Median Starke County Market Value
$132,100
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Knox, Starke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46534 | $46,340 | $87,300 | $136,500 | $198,200 | $291,880 |
Source: Ownwell
Property Tax Bills Across Knox, Starke County, Indiana
Median Knox Tax Bill
$1,127
Median Starke County Tax Bill
$1,097
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Knox, Starke County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46534 | $310 | $609 | $1,127 | $1,875 | $3,118 |
Source: Ownwell
