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Updated 2025 Tax Year

Tipton County
Property Tax Guide

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

10 Official Sources
8 min read
Quick Facts
Tax Rate
1.8762% effective rate (varies by location within county due to different taxing districts)
Exemptions
4+ Available
Section 1

How Property Tax Works

Tipton County, Indiana operates under a property tax system that funds essential local services including schools, roads, public safety, and county operations. Property taxes are collected by the county treasurer and distributed among various taxing units including the county government, townships, municipalities, and school districts. The property tax system is assessment-based, meaning taxes are calculated on the assessed value of real property as determined by the county assessor.

The effective property tax rate in Tipton County for 2025 is 1.8762%, though actual rates vary by location within the county due to different combinations of special taxing districts, townships, and municipalities. For example, properties within the City of Tipton face different tax rates than those in rural township areas. Property owners should note that most tax credits and deductions require formal application and are not automatically applied to tax bills.

Section 2

What Makes Up Your Tax Bill

The following table shows the certified property tax rates for Tipton County for the 2025 levy year:

ComponentRatePercentage of TotalDescription
Tipton County0.3975%11.02%County government operations, services
Cicero Township0.0115%0.32%Township services and administration
City of Tipton2.2330%61.89%Municipal services (where applicable)
Total Rate1.8762%100%Combined effective rate

These rates were certified by the state and became effective February 17, 2025. Property owners should note that rates vary significantly based on their specific location within Tipton County, as different combinations of townships, municipalities, and special districts apply to different properties. School district levies and other special assessments may also apply depending on location.

Section 3

When Are Property Taxes Due?

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

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 property taxes in Tipton County are additional tax assessments that occur when there are changes to property ownership, value, or use during the tax year. Common triggers include new construction completion, property improvements that increase assessed value, or changes in property classification. When supplemental taxes are issued, they represent the difference between the original tax assessment and the revised assessment, prorated for the remaining portion of the tax year.

For example, if a homeowner completes a $50,000 addition to their home in July, the county assessor will reassess the property and issue a supplemental tax bill for the increased assessed value covering July through the end of the tax year. The supplemental tax calculation uses the same tax rate as the original assessment but applies only to the additional assessed value for the remaining months of the tax year.

Example Calculation

The following examples show annual property tax calculations for different assessed values in Tipton County, using the 2025 tax rate of 1.8762%:

Example 1: $300,000 Assessed Value

  • Assessed Value: $300,000
  • Less: Standard Homestead Deduction (if eligible): $45,000
  • Net Taxable Value: $255,000
  • Annual Tax ($255,000 × 1.8762%): $4,784
  • Monthly Escrow Payment: $399

Example 2: $600,000 Assessed Value

  • Assessed Value: $600,000
  • Less: Standard Homestead Deduction (if eligible): $45,000
  • Net Taxable Value: $555,000
  • Annual Tax ($555,000 × 1.8762%): $10,413
  • Monthly Escrow Payment: $868

Example 3: $1,000,000 Assessed Value

  • Assessed Value: $1,000,000
  • Less: Standard Homestead Deduction (if eligible): $45,000
  • Net Taxable Value: $955,000
  • Annual Tax ($955,000 × 1.8762%): $17,918
  • Monthly Escrow Payment: $1,493

Note: Homestead and other deductions require application and are not automatically applied. Actual rates may vary based on specific taxing districts.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Tipton County require borrowers to maintain an escrow account for property tax payments. The lender collects monthly payments equal to one-twelfth of the annual property tax bill, holds these funds in escrow, and pays the county treasurer directly when taxes are due. Lenders typically conduct an annual escrow analysis to ensure adequate funds are collected, adjusting monthly payments up or down based on actual tax bills and account balances.

Property taxes in Tipton County are due in two installments: May 10, 2026, and November 10, 2026, for the current tax year. Lenders usually pay these installments a few days before the due dates to ensure timely payment and avoid penalties. Property owners with escrowed taxes should verify that their lender has made payments by checking with the county treasurer's office if they have concerns about payment status.

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 Tipton County? A: Property taxes for the current fiscal year are due May 10, 2026, and November 10, 2026. Payments are made to the Tipton County Treasurer.

Q: What is the Homestead Credit and how do I apply? A: The Homestead Credit limits annual assessment increases and must be applied for through the county auditor. It is not automatic and must be refiled every even year. Contact the Tipton County Auditor's office for applications and eligibility requirements.

Q: What tax credits are available and do they require application? A: Various tax credits may be available including homestead, senior, veteran, and disability credits. All credits require formal application filed before April 1 of the assessment year with the county assessor. Credits reduce your tax bill, not the assessed value.

Q: How often are properties reassessed? A: Indiana conducts property assessments annually, with values typically reflecting market conditions as of the previous year's assessment date.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the county assessor within specified deadlines. Contact the Tipton County Assessor's office for appeal forms and procedures.

Q: What are the penalties for late payment? A: Late payment penalties apply to taxes not paid by the due dates. Contact the county treasurer for specific penalty rates and procedures.

Q: Can I pay property taxes online? A: Check with the Tipton County Treasurer's office for available online payment options and accepted payment methods.

Q: Why do tax rates vary within Tipton County? A: Tax rates depend on the specific combination of taxing units that serve your property, including townships, municipalities, school districts, and special districts.

Q: Do I need to reapply for tax credits every year? A: Most tax credits require reapplication every even year (every two years). The homestead credit specifically must be refiled every even year to maintain eligibility.

Q: What's the difference between tax credits and exemptions? A: Tax credits reduce your actual tax bill dollar-for-dollar, while exemptions reduce the assessed value subject to taxation. Both typically require application and are not automatically applied.

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