46561 Property Tax Rate

Property owners in ZIP code 46561 (Osceola, Indiana) pay a median of $1,561/year in property taxes on homes valued at $208,200. This translates to an effective tax rate of 0.75%, which is 8% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46561 is approximately $130, which factors into escrow payments on mortgages. This ZIP code is located within St. Joseph County. This is $310 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46561 has higher property taxes. ZIP codes with similar effective rates include 47354 (0.75%) and 46184 (0.75%).

In Osceola, property taxes represent approximately 1.9% of the median household income of $83,520, 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.