TaxBy County

Parke County

Parke County, Indiana

Effective Tax Rate

0.50%

Median Annual Tax

$691

How Parke County Compares

Median Annual Property Tax

Parke County$691
Indiana State Average$1,199
National Average$1,924

Parke County

0.50%

Effective rate

Indiana Avg

0.67%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$726

per year

Without Mortgage

$604

per year

Estimate Your Property Tax

$

Annual Tax

$691

Monthly Escrow

$58

Effective Rate

0.50%

vs. Indiana State Average▼ 42.4% below
vs. National Average▼ 74.3% below
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Frequently Asked Questions

What is the property tax rate in Parke County, Indiana?
The effective property tax rate in Parke County, Indiana is 0.50%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Parke County?
The median annual property tax payment in Parke County is $691. Homeowners with a mortgage pay a median of $726, while those without a mortgage pay $604.
How does Parke County compare to the Indiana average?
Parke County's effective tax rate of 0.50% is lower than the Indiana state average of 0.67%. The median annual property tax in Parke County is $691, compared to the state average of $1,199.
What is the median home value in Parke County, Indiana?
The median home value in Parke County, Indiana is $139,300, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in Indiana?
Property taxes in Indiana are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

Counties with Similar Tax Rates

Jasper County(IN)

Rate0.49%
Median Tax$998

Wells County(IN)

Rate0.51%
Median Tax$920

Pulaski County(IN)

Rate0.48%
Median Tax$646

Morgan County(IN)

Rate0.48%
Median Tax$1,056
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Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.

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