46554 Property Tax Rate

Property owners in ZIP code 46554 (North Liberty, Indiana) pay a median of $1,456/year in property taxes on homes valued at $189,400. This translates to an effective tax rate of 0.77%, which is 11% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46554 is approximately $121, which factors into escrow payments on mortgages. This ZIP code is located within St. Joseph County. This is $205 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46554 has lower property taxes. ZIP codes with similar effective rates include 46760 (0.77%) and 46013 (0.77%).

In North Liberty, property taxes represent approximately 1.9% of the median household income of $75,043, 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. St. Joseph County offers a Homestead Standard Deduction ($45,000 off assessed value for primary residences) — file with the St. Joseph County Assessor within 60 days of purchase. Contact the St. Joseph County Assessor's office to confirm your exemption was filed and to note any appeal deadlines if you believe the assessment is incorrect.