Lafayette, Tippecanoe County, Indiana Property Taxes
Property Taxes in Lafayette, Indiana
Median Lafayette, Indiana effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, and lower than the Indiana state median of 1.01%.
Median Lafayette, Indiana home value: $187,900
Median annual Lafayette, Indiana tax bill: $1,942, lower than the national median property tax bill of $2,400.
How are property taxes in Tippecanoe calculated?
Property taxes in Lafayette, Indiana 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 Lafayette's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lafayette, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lafayette, Tippecanoe County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$1,672
$1,552
How Does the Lafayette Property Tax Calculator Work?
Use this Lafayette property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lafayette's median effective tax rate of 0.89% — based on actual property records in Tippecanoe County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lafayette's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lafayette: rates range from $1,615.00 in 47904 to $2,516.00 in 47901, primarily due to differences in school district levies and local assessment districts.
Lafayette's median property tax rate is lower than Indiana's 1.01% and the median property tax bill is lower than the state median by $458. For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lafayette.
About Lafayette Property Taxes
About Property Taxes in Lafayette, Tippecanoe, Indiana
Lafayette’s median effective property tax rate of 0.89% is lower than the Indiana state median of 1.01% and lower than the national median of 1.02%. This rate reflects the Tippecanoe County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Lafayette. Homeowners in the 47901 ZIP code carry a median effective rate of 2.00%, while those in 47905 pay 0.78%. This spread — 1.22 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Tippecanoe County. Understanding which part of Lafayette you live in can make a meaningful difference to your annual tax bill.
Lafayette homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lafayette, Tippecanoe County, Indiana
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Lafayette's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
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 Lafayette Tax Rate
0.89%
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
0.89%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lafayette, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47901 | 0.88% | 1.00% | 2.00% | 2.00% | 2.00% |
| 47904 | 0.64% | 0.79% | 0.97% | 2.00% | 2.00% |
| 47905 | 0.59% | 0.65% | 0.78% | 1.00% | 2.00% |
| 47909 | 0.65% | 0.73% | 0.91% | 1.00% | 2.00% |
| 47930 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lafayette, Tippecanoe County, Indiana
When examining property taxes in Lafayette, 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 assessment 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 are sent in April each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Lafayette is $187,900, with tax bills ranging significantly across the county. Zip code 47905 has the highest median home price at $206,600, while zip code 47904 has the lowest median tax bill at $1,615. Lafayette’s median property tax bill is $1,942, below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Lafayette, Tippecanoe County, Indiana
Source: Ownwell
$74,300
$202,575
$330,850
Median Lafayette Market Value
$187,900
Median Tippecanoe County Market Value
$209,300
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lafayette, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47901 | $91,000 | $119,575 | $159,900 | $231,200 | $338,640 |
| 47904 | $89,000 | $102,000 | $122,200 | $149,100 | $179,600 |
| 47905 | $108,220 | $144,800 | $206,600 | $281,800 | $393,800 |
| 47909 | $120,500 | $155,100 | $203,700 | $270,550 | $367,300 |
| 47930 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lafayette, Tippecanoe County, Indiana
Property tax bills in Lafayette are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For a home with a median value of $187,900, the bill can vary widely depending on location, exemptions, and how the property is assessed within Tippecanoe County.
What homeowners pay is not fixed, because the final tax bill reflects both the assessed value and the taxing jurisdictions that apply to the property. In Lafayette, the median tax bill is $2,516 in ZIP code 47901 and $1,615 in ZIP code 47904, showing how much bills can differ even within the same city.
For many homeowners, property taxes are a major part of annual housing costs. Bills at the 25th percentile are $1,285, while the 75th percentile is $2,663 and the 90th percentile reaches $3,537, so understanding how the bill is calculated can make a meaningful difference.
Median Lafayette Tax Bill
$1,942
Median Tippecanoe County Tax Bill
$2,122
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Lafayette, Tippecanoe County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47901 | $942 | $1,873 | $2,516 | $3,448 | $4,959 |
| 47904 | $622 | $984 | $1,615 | $2,245 | $2,932 |
| 47905 | $843 | $1,269 | $1,868 | $2,656 | $3,648 |
| 47909 | $958 | $1,444 | $2,078 | $2,810 | $3,602 |
| 47930 | 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 | |
|---|---|
| Tippecanoe Tax Assessor | |
| Website | beacon.schneidercorp.com |