Pleasant Lake, Steuben County, Indiana Property Taxes

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

Median Pleasant Lake, IN effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Pleasant Lake, IN home value: $122,850
Median annual Pleasant Lake, IN tax bill: $560, $1,840 lower than the national median property tax bill of $2,400.

How are property taxes in Steuben calculated?

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

Last Updated March 1, 2025

Pleasant Lake, Steuben County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.49%

Estimate Property Tax Bill

$602

$559

Ownwell’s Pleasant Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pleasant Lake with just two data points.

By entering your property's estimated assessed value, our calculator applies Pleasant Lake’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 Steuben County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pleasant Lake, Steuben County, Indiana

Local government entities in Indiana set property tax rates, and these can vary significantly across the state. Each year, counties like Steuben determine their budgetary needs to fund essential services and divide this by the total assessed value of all taxable properties within their boundaries. This calculation establishes the property tax rate for the year. Despite the involvement of votes and legislation in this process, this is the fundamental approach to setting property tax rates annually.

In Pleasant Lake, located in Steuben County, the effective property tax rate is 0.49%. This rate is notably lower than the national median property tax rate of 1.02%. When comparing Pleasant Lake's rate to other cities in Indiana, it remains consistent, as it shares the same rate with the highest and lowest median tax rates in the state. With the national median property tax bill at $2400, Pleasant Lake's property tax expenses are likely more manageable for homeowners, making it an attractive location for those seeking lower property taxes.

Property Tax Rates Across Pleasant Lake, Steuben County, Indiana

Source: Ownwell

0.49%

0.72%

0.95%

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 Pleasant Lake Tax Rate

0.49%

Median Effective Steuben County Tax Rate

0.76%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pleasant Lake, Steuben County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46779	0.24%	0.35%	0.49%	0.78%	0.82%

Source: Ownwell

Property Tax Assessment Values Across Pleasant Lake, Steuben County, Indiana

When examining property taxes in Pleasant Lake, 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 Steuben 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: Steuben County sends assessment notices 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 Pleasant Lake. For example, the median home price in Pleasant Lake is $122,850, with tax bills ranging significantly across the county. Zip code 46779 has the highest median home price at $122,850.

Property Tax Assessment Values Across Pleasant Lake, Steuben County, Indiana

Source: Ownwell

$22,700

$116,875

$211,050

Median Pleasant Lake Market Value

$122,850

Median Steuben County Market Value

$162,600

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pleasant Lake, Steuben County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46779	$24,370	$63,250	$122,850	$204,900	$314,120

Source: Ownwell

Property Tax Bills Across Pleasant Lake, Steuben County, Indiana

In Pleasant Lake, located in Steuben County, IN, property tax bills are determined based on the assessed value of a home. The median home price in the area is $122,850, with tax bills ranging from the 25th percentile at $285 to the 90th percentile at $1,623. The median tax bill in the region is $560, considerably lower than the national median property tax bill of $2,400. This difference highlights the relatively low property tax burden on homeowners in Pleasant Lake compared to the national average. However, even with lower tax rates, homeowners can still benefit from ensuring their property is assessed fairly. Factors such as local government budgets and property assessments play a significant role in determining tax bills. By leveraging Ownwell's expertise in property tax appeals and exemptions, homeowners can potentially reduce their tax liability, ensuring they only pay their fair share. Ownwell's services can help navigate the complexities of property tax calculations, offering peace of mind and potential savings for homeowners in Pleasant Lake.

Property Tax Bills Across Pleasant Lake, Steuben County, Indiana

Source: Ownwell

$181

$789

$1,396

Median Pleasant Lake Tax Bill

$560

Median Steuben County Tax Bill

$967

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Pleasant Lake, Steuben County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46779	$126	$285	$560	$998	$1,623

Source: Ownwell