Taxes & Insurance in Kokomo

Kokomo carries a real, genuinely low 0.86% effective property tax rate and a disclosed 5.30% combined state-plus-county income tax rate, layered with Indiana's statewide homeowners-insurance cost trend.

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A genuinely low property tax rate

Kokomo's median effective property tax rate ran 0.86% per Ownwell (46901-46902 ZIP-level rates ran 0.85%-0.88%) -- genuinely low, under Indiana's statutory Circuit Breaker cap.

A real, disclosed local income tax layer

Howard County's local income tax rate increased to a real 2.35% effective January 1, 2026, combining with Indiana's flat 2.95% state rate for a disclosed 5.30% combined income tax rate.

Indiana's statewide rising insurance-cost trend applies

No Kokomo-specific homeowners-insurance premium figure distinct from Indiana's own statewide range was found this pass -- see indiana.js metrics.insurance for the statewide spread ($1,150-$3,136/year depending on source) and the real, disclosed 17%+ cumulative increase since 2023.

Key takeaways

Kokomo's 0.86% effective property tax rate runs genuinely low.
Combined income tax rate (state 2.95% + Howard County 2.35%, 2026) runs a disclosed 5.30%.
Indiana's statewide homeowners-insurance cost trend (17%+ cumulative increase since 2023) applies in Kokomo as elsewhere in the state.
Confirm current, address-specific insurance quotes directly given the real, elevated tornado risk documented in indiana.js.

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.