Parke County Property Taxes
Effective Tax Rate
0.00%
42.4% below state avgMedian Annual Tax
$0
$58/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.50%
At a Glance
Median Home Value
$139,300
State avg $178,101
Tax w/ Mortgage/yr
$726
$61/mo escrow
Tax w/o Mortgage/yr
$604
$50/mo
State Tax Rate Rank
#9
of 92 counties (1 = lowest)
Similar tax rates
Homeowner context
What this means for a Parke County homeowner
Use these county medians as a planning baseline. Your actual bill depends on assessed value, exemptions, millage, and local taxing districts.
Tax pressure
0.50%
0.18 percentage points below the state average
Typical bill
$691
$508 below the state median
State position
#9
Ranked from lowest to highest effective rate across 92 Indiana counties.
Data Story
About Property Taxes in Parke County, Indiana
Parke County offers exceptional tax savings
Parke County's effective tax rate of 0.496% is the lowest in this eight-county comparison and falls in the nation's bottom 5%. With a median property tax of just $691 annually, Parke homeowners pay about 26% of the national median—a remarkable savings.
Parke County leads Indiana on affordability
Parke County's 0.496% rate significantly undercuts Indiana's state average of 0.671%, making it one of the state's most tax-friendly counties. The median property tax of $691 is 42% lower than the state median of $1,199.
Parke County is the region's tax haven
Among all neighbors in this analysis, Parke County's 0.496% rate is the lowest by a substantial margin—nearly 0.10% below the next-lowest county. For homeowners seeking the lowest possible property tax burden, Parke County is the clear regional choice.
Your estimated annual Parke County tax
On a median home valued at $139,300, Parke County residents pay approximately $691 in annual property taxes—the lowest across these eight counties. With a mortgage, the estimate rises to $726; without, it drops to $604.
Parke homeowners should still verify assessments
Even the lowest-tax county can have overassessed properties, so reviewing your assessment is always worthwhile. A successful appeal in Parke County could provide additional relief on an already-affordable tax bill.
How Parke County Compares
Median Annual Property Tax
Parke County
0.50%
Effective rate
Indiana Avg
0.67%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Parke County, Indiana?
How much are property taxes in Parke County?
How does Parke County compare to the Indiana average?
What is the median home value in Parke County, Indiana?
Is Parke County a low property tax area in Indiana?
How does Parke County rank for property taxes in Indiana?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Indiana
Data updated: March 2026
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.
Estimates are informational only and are not tax, legal, financial, or assessment appeal advice. Verify parcel-specific amounts with the county assessor or tax collector.