46950 Property Tax Rate

Property owners in ZIP code 46950 (Lucerne, Indiana) pay a median of $895/year in property taxes on homes valued at $115,300. This translates to an effective tax rate of 0.78%, which is 12% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46950 is approximately $75, which factors into escrow payments on mortgages. This ZIP code is located within Cass County. This is $356 less than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46950 has lower property taxes. ZIP codes with similar effective rates include 46816 (0.78%) and 46011 (0.78%).

In Lucerne, property taxes represent approximately 2.4% of the median household income of $37,361, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses all real property on a triennial cycle; your home value may increase substantially when the county assessor updates records, and this revaluation is not capped by state law. Cass County provides a Homestead Property Tax Deduction and offers additional relief for seniors 65+ and disabled homeowners through supplemental deductions. File your homestead exemption application with the Cass County Assessor within 30 days of taking ownership to lock in your deduction eligibility.