46360 Property Tax Rate

Property owners in ZIP code 46360 (Michigan City, Indiana) pay a median of $1,292/year in property taxes on homes valued at $155,900. This translates to an effective tax rate of 0.83%, which is 19% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46360 is approximately $108, which factors into escrow payments on mortgages. This ZIP code is located within LaPorte County.

Compared to similar ZIP codes in Indiana, 46360 has higher property taxes. ZIP codes with similar effective rates include 46319 (0.83%) and 47337 (0.83%).

In Michigan City, property taxes represent approximately 2.2% of the median household income of $59,641, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses property at sale to current market value, resetting your tax base to the purchase price. LaPorte County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the LaPorte County Assessor within 60 days of purchase to lock in the exemption. Contact the LaPorte County Assessor's office to confirm your exemption application was received and to verify your assessment on the tax bill.