Hobart, Lake County, Indiana Property Taxes
Property Taxes in Hobart, Indiana
Median Hobart, Indiana effective property tax rate: 3.98%, significantly lower than the national median of 1.02%, and higher than the Indiana state median of 1.01%.
Median Hobart, Indiana home value: $182,000
Median annual Hobart, Indiana tax bill: $6,797, $4,397 higher than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Hobart, Indiana 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 Hobart's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hobart, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Hobart, Lake County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.98%
Estimate Property Tax Bill
$7,244
$6,722
How Does the Hobart Property Tax Calculator Work?
Use this Hobart property tax calculator to estimate your annual property tax bill. Enter your property's assessed value, and the calculator applies Hobart's median effective tax rate of 3.98% — based on actual property records in Lake County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. This calculator applies Hobart's median effective rate across local levies, giving a more accurate estimate than using a single county millage rate.
Hobart's rate is higher than the Indiana state median tax rate of 1.01% and produces a median property tax bill of $6,797, which is $4,397 higher than the state median bill. Your bill may still vary by ZIP code within Hobart, and the current median bill is $6,797 in 46342.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Hobart.
About Hobart Property Taxes
About Property Taxes in Hobart, Lake, Indiana
Hobart’s median effective property tax rate of 3.98% is higher than the Lake County median of 1.01% and higher than the national median of 1.02%. This rate reflects the Lake County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Hobart. Homeowners in the 46342 ZIP code carry a median effective rate of 3.98%, while those in the same ZIP code also pay 3.98%. This reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding where you live in Hobart can make a meaningful difference to your annual tax bill.
Hobart homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Hobart, Lake County, Indiana
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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.
Below, you can compare Hobart's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
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 Hobart Tax Rate
3.98%
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
2.68%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hobart, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46342 | 3.12% | 3.70% | 3.98% | 4.07% | 4.12% |
Source: Ownwell
Property Tax Assessment Values Across Hobart, Lake County, Indiana
When examining property taxes in Hobart, Indiana, 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. The Lake County assessor 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.
Assessment notices:
In Lake County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 understanding how assessed and market values are determined, property owners can better navigate their tax responsibilities in Hobart.
For example, the median home price in Hobart is $182,000, with tax bills ranging significantly across the county. 46342 has the highest median home price at $182,000.
Property Tax Assessment Values Across Hobart, Lake County, Indiana
Source: Ownwell
$40,600
$219,050
$397,500
Median Hobart Market Value
$182,000
Median Lake County Market Value
$201,400
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hobart, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46342 | $109,600 | $138,700 | $182,000 | $234,125 | $291,200 |
Source: Ownwell
Property Tax Bills Across Hobart, Lake County, Indiana
Property tax bills in Hobart are based on the assessed value of a home, not its market price alone. Local taxing authorities apply tax rates to that assessed value to determine the final bill, and those rates can reflect city, county, school, and other local levies. For homeowners, this means a higher assessed value can lead to a larger tax bill even if the home has not changed much physically.
With a median home price of $182,000, Hobart homeowners face bills that can vary widely depending on where they live and how their property is assessed. The 25th percentile tax bill is $5,078, while the 75th percentile is $8,703 and the 90th percentile reaches $10,905. In ZIP code 46342, the median tax bill is $6,797. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, Hobart property taxes are notably higher, making assessment accuracy especially important for homeowners.
Median Hobart Tax Bill
$6,797
Median Lake County Tax Bill
$5,774
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Hobart, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46342 | $3,731 | $5,078 | $6,797 | $8,703 | $10,905 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 15 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | in-lake.publicaccessnow.com |