Buck Creek, Tippecanoe County, Indiana Property Taxes
Median Buck Creek, IN effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Buck Creek, IN home value: $90,100
Median annual Buck Creek, IN tax bill: $466, $1,934 lower than the national median property tax bill of $2,400.
How are property taxes in Tippecanoe calculated?
Property taxes in Buck Creek, 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 Buck Creek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buck Creek, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Buck Creek, Tippecanoe County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$469
$435
Property Tax Rates Across Buck Creek, Tippecanoe County, Indiana
Local government entities are responsible for setting property tax rates, and these rates can significantly differ within a state. This variation occurs because each county annually determines its budgetary needs for public services and divides this figure by the total assessed value of all taxable properties in the area. This calculation establishes the property tax rate. Though the process includes votes and legal guidelines, this is the essence of how tax rates are determined each year.
In Buck Creek, located in Tippecanoe County, Indiana, the effective property tax rate is a notable point of comparison. The median property tax rate in Indiana is significantly lower than the national median of 1.02%, making it a state with relatively low property taxes. This can be an attractive factor for property owners considering an appeal or exemption. Understanding these rates can help property owners make informed decisions about their tax liabilities. Comparing Buck Creek’s rate to other cities in Indiana and the national figures provides valuable insight into the local tax landscape.
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 Buck Creek Tax Rate
0.52%
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 Tippecanoe County Tax Rate
0.90%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Buck Creek, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47924 | 0.33% | 0.42% | 0.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Buck Creek, Tippecanoe County, Indiana
When examining property taxes in Buck Creek, 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 Tippecanoe 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.
In Tippecanoe 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 Buck Creek. For example, the median home price in Buck Creek is $90,100, with tax bills ranging significantly across the county. Zip code 47924 has the highest median home price at $90,100.
Property Tax Assessment Values Across Buck Creek, Tippecanoe County, Indiana
Source: Ownwell
$52,000
$144,800
$237,600
Median Buck Creek Market Value
$90,100
Median Tippecanoe County Market Value
$169,300
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Buck Creek, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47924 | $35,190 | $72,350 | $90,100 | $107,675 | $134,960 |
Source: Ownwell
Property Tax Bills Across Buck Creek, Tippecanoe County, Indiana
Median Buck Creek Tax Bill
$466
Median Tippecanoe County Tax Bill
$1,655
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Buck Creek, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47924 | $185 | $262 | $466 | $782 | $1,369 |
Source: Ownwell