46510 Property Tax Rate

Property owners in ZIP code 46510 (Claypool, Indiana) pay a median of $1,145/year in property taxes on homes valued at $201,500. This translates to an effective tax rate of 0.57%, which is 18% below the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46510 is approximately $95, which factors into escrow payments on mortgages. This ZIP code is located within Kosciusko County.

Compared to similar ZIP codes in Indiana, 46510 has lower property taxes. ZIP codes with similar effective rates include 47452 (0.57%) and 46050 (0.57%).

In Claypool, property taxes represent approximately 1.2% of the median household income of $96,759, 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. Kosciusko County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the Kosciusko County Assessor within 60 days of purchase. Verify with the Kosciusko County Assessor that your homestead exemption appears on your property record before the first tax bill arrives.