Hebron, Lake County, Indiana Property Taxes
Median Hebron, IN effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Hebron, IN home value: $326,700
Median annual Hebron, IN tax bill: $2,845, $445 higher than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Hebron, IN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Hebron’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hebron, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hebron, Lake County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$2,940
$2,729
Property Tax Rates Across Hebron, Lake County, Indiana
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Hebron, located in Lake County, Indiana, the effective property tax rate is 0.90%, which is lower than the national median property tax rate of 1.02%. This can be a significant advantage for property owners in Hebron, as they benefit from comparatively lower property tax bills. When comparing Hebron’s rate to other cities in Indiana and the U.S., it becomes clear that Hebron offers a more favorable tax environment. Understanding these rates and how they compare can help property owners make informed decisions about their investments. Hebron’s lower tax rate not only makes it an attractive place to live but also a wise choice for property investment.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hebron Tax Rate
0.90%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake County Tax Rate
1.07%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hebron, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46341 | 0.64% | 0.75% | 0.90% | 1.05% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Hebron, Lake County, Indiana
When examining property taxes in Hebron, IN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. Lake County estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Lake County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hebron.
For example, the median home price in Hebron is $326,700, with tax bills ranging significantly across the county. Zip code 46341 has the highest median home price at $326,700.
Property Tax Assessment Values Across Hebron, Lake County, Indiana
Source: Ownwell
$36,700
$207,300
$377,900
Median Hebron Market Value
$326,700
Median Lake County Market Value
$187,400
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hebron, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46341 | $175,000 | $254,100 | $326,700 | $418,250 | $520,500 |
Source: Ownwell
Property Tax Bills Across Hebron, Lake County, Indiana
In Hebron, located in Lake County, Indiana, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which is determined by the county assessor. Various factors such as market conditions and property characteristics influence this assessed value. Homeowners in Hebron experience a median property tax bill of $2,845, which is slightly above the national median property tax bill of $2,400. This higher tax bill can significantly impact homeowners' budgets, making it essential to ensure that the assessed value is accurate and fair.
Ownwell assists homeowners by reviewing their property assessments to identify potential inaccuracies or overvaluations. By leveraging expertise in property tax appeal processes, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only what is fair. This service can lead to substantial savings, especially for those whose tax bills fall in the higher percentiles, such as the 90th percentile, where bills can reach $5,426. With Ownwell's support, homeowners can achieve financial relief and peace of mind.
Median Hebron Tax Bill
$2,845
Median Lake County Tax Bill
$2,011
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Hebron, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46341 | $1,293 | $1,918 | $2,845 | $4,189 | $5,426 |
Source: Ownwell