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Updated over 4 years ago,
Northwest Indiana (Lake County) Property Tax
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 |