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Updated 2025 Tax Year

Parke County
Property Tax Guide

Everything you need to know about property taxes in Parke County, IN. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
0.3474% base rate, varies significantly by taxing district (school, fire, library districts)
1st Due
May 10
2nd Due
Nov 10
Exemptions
5+ Available
Section 1

How Property Tax Works

Parke County, Indiana operates under the state's property tax system, which serves as the primary funding mechanism for local government services including schools, county operations, townships, and various special districts. Property owners in Parke County pay taxes based on their property's assessed value multiplied by the applicable tax rate for their specific location within the county.

For the 2025 tax year, Parke County has a base tax rate of 0.3474%, though actual rates vary significantly depending on your property's location within special taxing districts such as school corporations, fire districts, library districts, and other local governmental units. This means two similar properties in different areas of Parke County may have different total tax rates. Property assessments in Indiana are conducted on a rotating schedule, with different townships assessed in different years to ensure all properties are reassessed at least once every four years.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
Base County Rate0.3474%Core Parke County services and operations
School DistrictVariesDepends on which school corporation serves your area
TownshipVariesTownship-specific services and fire protection
Library DistrictVariesPublic library services (where applicable)
Special DistrictsVariesDrainage, cumulative funds, and other local services

Note: These rates apply to the 2025 levy year (taxes payable in 2026). Your total effective tax rate depends on which combination of taxing districts serve your specific property location. Contact the Parke County Auditor's office for your exact rate calculation, as properties in different townships and school districts will have different total rates even with the same assessed value.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Parke County, property taxes are due in two installments:

First Installment
May 10
Delinquent after Dec 10
Second Installment
Nov 10
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Parke County are additional property tax bills issued when there are changes to property ownership, new construction, or significant improvements after the annual assessment date. These typically occur when property changes hands and the new assessment reflects current market conditions, or when new construction is completed and added to the tax rolls mid-year.

Supplemental taxes are calculated by applying the current tax rate to the difference between the old and new assessed values, prorated for the portion of the tax year remaining. For example, if you purchase a home in Parke County and the assessed value increases from $200,000 to $250,000 due to reassessment, you would owe supplemental taxes on the additional $50,000 in assessed value for the remaining months of that tax year.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Homestead Credit Applied: Assessment increase capped (if applicable)
  • Net Taxable Value: $300,000
  • Tax Rate: 0.3474% (base rate - actual rate varies by district)
  • Annual Tax: $1,042.20
  • Monthly Escrow: $86.85

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Homestead Credit Applied: Assessment increase capped (if applicable)
  • Net Taxable Value: $600,000
  • Tax Rate: 0.3474% (base rate - actual rate varies by district)
  • Annual Tax: $2,084.40
  • Monthly Escrow: $173.70

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Homestead Credit Applied: Assessment increase capped (if applicable)
  • Net Taxable Value: $1,000,000
  • Tax Rate: 0.3474% (base rate - actual rate varies by district)
  • Annual Tax: $3,474.00
  • Monthly Escrow: $289.50

Note: These examples use the base county rate only. Actual rates include school, township, and special district taxes. All credits require application to the County Auditor.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Parke County require borrowers to maintain an escrow account for property tax payments, particularly for loans with less than 20% down payment. Your lender collects monthly escrow payments as part of your mortgage payment and pays your property taxes directly to the Parke County Treasurer when they become due.

Lenders typically conduct annual escrow analyses to ensure adequate funds are collected, and may adjust your monthly payment if taxes increase or decrease. Since Parke County property taxes are due twice yearly (May 10 and November 10), your lender will make payments on these dates. Property owners should verify that their lender has the correct tax information and is making timely payments, as you remain ultimately responsible for ensuring taxes are paid even when using an escrow account.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Parke County for the current tax year? A: Property taxes are due May 10, 2026, and November 10, 2026, payable to the Parke County Treasurer.

Q: What tax credits are available and do they require application? A: The primary credit is the Homestead Credit, which caps annual assessment increases. This requires application to the County Auditor and is NOT automatic. Additional credits may be available for seniors, veterans, and disabled persons - all requiring separate applications.

Q: How does the Homestead Credit work? A: The Homestead Credit limits how much your property's assessed value can increase each year (typically capped at a percentage), rather than reducing the market value. You must apply through the County Auditor's office - it does not apply automatically.

Q: What happens if I pay my taxes late? A: Late payments incur a $50 fee if not submitted by September 15, 2026, with additional penalties and interest accruing thereafter.

Q: How often are properties reassessed in Parke County? A: Indiana law requires properties to be reassessed at least once every four years, with different townships assessed on rotating schedules.

Q: Can I appeal my property assessment? A: Yes, you can appeal to the County Property Tax Assessment Board of Appeals, typically within 45 days of receiving your assessment notice.

Q: Are there online payment options available? A: Contact the Parke County Treasurer's office directly for current online payment options and accepted methods.

Q: Why might my tax rate differ from my neighbor's? A: Tax rates vary based on which special taxing districts serve your property, including different school corporations, fire districts, and township boundaries within Parke County.

Q: Where do I apply for tax credits or exemptions? A: All applications for credits and deductions must be submitted to the Parke County Auditor's office. Contact them to determine eligibility and obtain the proper forms.

Q: What should I do if I disagree with supplemental taxes? A: You can appeal supplemental tax assessments through the same process as regular assessments, starting with the County Property Tax Assessment Board of Appeals.

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