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Updated 2025 Tax Year

Tippecanoe County
Property Tax Guide

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

10 Official Sources
8 min read
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Quick Facts
Tax Rate
Approximately 1.6% countywide average, varies by taxing district location
1st Due
May 10
2nd Due
Nov 10
Exemptions
5+ Available
Section 1

How Property Tax Works

Tippecanoe County, Indiana operates on a property tax system that funds essential local services including schools, law enforcement, fire protection, libraries, and county government operations. The county follows Indiana's property tax structure where properties are assessed at market value and taxed based on certified tax rates that vary by location within the county. For 2025, the countywide property tax rate is approximately 1.6% (0.016), though this represents an average as actual rates fluctuate based on the specific taxing districts where your property is located.

Property taxes in Tippecanoe County are calculated by applying the local tax rate to your property's assessed value after any applicable tax credits are deducted. The effective tax rate you pay depends on your property's location within various special taxing districts such as school corporations, library districts, fire districts, and municipal boundaries. These overlapping jurisdictions each levy their own taxes, creating different total tax rates throughout the county. Most properties benefit from Indiana's Homestead Deduction and other tax credits, but these require separate applications and are not automatically applied to your tax bill.

Section 2

What Makes Up Your Tax Bill

ComponentEstimated RateDescription
County General0.0025-0.0035Basic county operations, courts, sheriff
School Corporation0.0080-0.0120Local school district operations and debt service
Township0.0008-0.0015Township services, fire protection, assistance
Library District0.0012-0.0018Public library operations
Municipal (if applicable)0.0015-0.0025City services for incorporated areas
Special Districts0.0005-0.0020Various local improvement districts
Total Combined Rate~0.0145-0.0233Actual rate varies by specific location

Note: These rates apply to the 2025 tax year (payable in 2025). Your specific tax rate depends on which taxing districts serve your property location. The county auditor certifies exact rates annually, and they can change based on budgets and debt service requirements for each taxing unit.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Tippecanoe 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 Tippecanoe County are additional property tax assessments that occur outside the regular annual billing cycle. These are typically triggered by changes in property ownership, new construction, improvements that increase assessed value, or corrections to previous assessments discovered during the tax year. When a supplemental assessment occurs, the county auditor calculates the additional tax owed based on the difference between the old and new assessed values, prorated for the portion of the tax year the change was in effect.

For example, if you complete a $50,000 home addition in July and your property tax rate is 1.6%, you would owe approximately $400 in supplemental taxes ($50,000 × 0.016 × 0.5 years = $400) for that tax year. Supplemental tax bills are mailed separately from regular property tax statements and typically have a 30-day payment deadline from the date of issuance.

Example Calculation

Example 1: $300,000 Home with Homestead Deduction

  • Assessed Value: $300,000
  • Homestead Deduction: -$45,000 (standard deduction amount)
  • Net Taxable Value: $255,000
  • Tax Rate: 1.6% (0.016)
  • Annual Tax: $4,080
  • Monthly Escrow: $340

Example 2: $600,000 Home with Homestead + Over-65 Deduction

  • Assessed Value: $600,000
  • Homestead Deduction: -$45,000
  • Over-65 Deduction: -$12,480 (additional senior deduction)
  • Net Taxable Value: $542,520
  • Tax Rate: 1.6% (0.016)
  • Annual Tax: $8,680
  • Monthly Escrow: $723

Example 3: $1,000,000 Home with Standard Deductions

  • Assessed Value: $1,000,000
  • Homestead Deduction: -$45,000
  • Net Taxable Value: $955,000
  • Tax Rate: 1.6% (0.016)
  • Annual Tax: $15,280
  • Monthly Escrow: $1,273

Note: All tax credits require separate applications and are not automatically applied. Amounts shown are estimates based on current rates and standard deduction amounts.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Tippecanoe County require borrowers to maintain an escrow account for property taxes, especially when the down payment is less than 20%. Your lender collects monthly escrow payments along with your mortgage payment and pays your property taxes directly to the county treasurer on your behalf. Since Tippecanoe County property taxes are due in two installments (May 10 and November 10), your lender will make these payments from your accumulated escrow funds.

Lenders typically conduct an annual escrow analysis to ensure adequate funds are collected based on your current tax bill. If property taxes increase due to reassessment or rate changes, your monthly escrow payment may be adjusted accordingly. You can verify that your lender is making timely payments by checking your account on the Tippecanoe County Treasurer's website or by reviewing your annual escrow statement. If you pay property taxes directly without escrow, remember that you're responsible for making both semi-annual payments on time to avoid penalties and interest charges.

How HonestCasa Helps
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Section 6

Frequently Asked Questions

Q: When are property taxes due in Tippecanoe County for 2025? A: Property taxes for the 2025 tax year are due in two installments: May 10, 2025 (spring installment) and November 10, 2025 (fall installment). Tax bills are typically mailed by mid-April.

Q: What tax credits are available and do I need to apply? A: The primary tax credit is the Homestead Deduction, which provides up to $45,000 in assessed value reduction but REQUIRES APPLICATION. Additional credits include the Over-65 Deduction, Disabled Veterans Deduction, and Blind/Disabled Persons Deduction. None of these are automatic - you must file applications with the county assessor's office.

Q: How does the Homestead Deduction work? A: The Homestead Deduction is a tax credit that reduces your assessed value by up to $45,000 and caps annual assessment increases. You must apply for this credit - it's not automatic. The deduction applies to your primary residence only and must be renewed if you move or change ownership.

Q: What happens if I pay my property taxes late? A: Late payments incur a 10% penalty plus 1.5% interest per month. If taxes remain unpaid, the property may eventually be subject to tax sale proceedings.

Q: How often are properties reassessed in Tippecanoe County? A: Indiana requires annual updates to assessed values, but comprehensive reassessments typically occur every few years. You can appeal your assessment by filing a petition with the County Property Tax Assessment Board of Appeals by specific deadlines.

Q: Can I pay my property taxes online? A: Yes, Tippecanoe County offers online payment options through the county treasurer's website. You can also pay by phone, mail, or in person at the treasurer's office.

Q: Why do property tax rates vary within Tippecanoe County? A: Different areas of the county are served by different combinations of school districts, townships, library districts, fire districts, and municipalities. Each taxing unit sets its own levy, creating varying total tax rates throughout the county.

Q: How do special district taxes affect my bill? A: Special districts like library districts, fire protection districts, or local improvement districts add their levies to your base county and school taxes. Your specific combination of districts determines your total tax rate, which is why rates can vary significantly between neighborhoods.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
Property Tax Statistics - Auditor - Tippecanoe Countyauditor.tippecanoecounty79.us
02
Tax Doc
2025 Certified Tax Rates by Districtin.gov
03
County
Tippecanoe County: Property Tax Calculationauditor.tippecanoe.in.datapitstop.us
04
County
Property Tax Payments | Tippecanoe County, INtippecanoe.in.gov
05
County
Treasurer | Tippecanoe County, INtippecanoe.in.gov
06
Personal Propertytippecanoe.in.gov
07
Tax Doc
Property Taxtippecanoe.in.gov
08
Tax Doc
Access Property Tax & Assessment Recordstippecanoe.in.gov
09
DLGF: Tippecanoein.gov
10
Real Property Informationauditor.tippecanoe.in.datapitstop.us
All sources verified as of 2025 Tax Year

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