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Updated over 4 years ago,

User Stats

43
Posts
20
Votes
Vaibhav Puranik
  • Investor
  • Los Angeles, CA
20
Votes |
43
Posts

Northwest Indiana (Lake County) Property Tax

Vaibhav Puranik
  • Investor
  • Los Angeles, CA
Posted

Hi all,

I was analyzing some properties in NWI. The question I was trying to answer is what's the property tax rate for the region (Lake county). Here are 5 properties from Merrillville. You can see that the tax rate varies from 0.84% to 2.72%. It's an effective tax rates since the original tax rate could be lower and additional cess and city charges could make it higher. But all the properties below are from one city, hence I am expecting them to be the same for all of them. This variation in the data doesn't make sense to me. Can someone help me understand why there is big variation in the property tax rates? Shouldn't the property tax rates be the same % of the assessed value if they are all from the same city and county?

Address

Tax Year

Taxes

Assessment

Tax Rate

Data Source

5330 Tyler St, Merrillville, IN 46410

2018

$2138

$91,800

2.3%

Zillow

51 Deerpath Rd, Merrillville, IN 46410

2018

$1509

$102,100

1.48%

Zillow

7817 Whitcomb St, Merrillville, IN 46410

2018

$914 (Realtor.com)

$108,100

0.84%

Zillow

6252 Johnson St, Merrillville, IN 46410

2018

$3277

$120,300

2.72%

Zillow

505 E 53rd Ct, Merrillville, IN 46410

2018

$1897

$102,600

1.85%

Zillow

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