Lowell, Lake County, Indiana Property Taxes

Name: Property Tax Bills Across Lowell, Lake County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lowell, IN effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Lowell, IN home value: $257,000
Median annual Lowell, IN tax bill: $2,415, $15 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

Property taxes in Lowell, 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 Lowell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lowell, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lowell, Lake County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$2,390

$2,218

Ownwell’s Lowell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lowell with just two data points. By entering your property's estimated assessed value, our calculator applies Lowell’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lowell, Lake County, Indiana

Local government entities set tax rates, which can vary widely within a state. 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 Lowell, Lake County, Indiana, the effective property tax rate is 0.93%. This rate is notably lower than the national median property tax rate of 1.02%. Compared to other cities in Indiana, Lowell's property tax rate is on par with the state's median. This consistency in tax rates offers homeowners a predictable expense, which can be a significant factor in financial planning and property investment. Given that the national median property tax bill is $2,400, residents of Lowell benefit from lower property tax bills, potentially freeing up funds for other expenses or investments. Understanding these rates and how they compare can empower property owners to make informed decisions regarding their real estate investments.

Property Tax Rates Across Lowell, Lake County, Indiana

Source: Ownwell

0.75%

1.52%

2.29%

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 Lowell Tax Rate

0.93%

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 Lowell, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46356	0.73%	0.84%	0.93%	0.97%	1.32%

Source: Ownwell

Property Tax Assessment Values Across Lowell, Lake County, Indiana

When examining property taxes in Lowell, 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 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 Lowell. For example, the median home price in Lowell is $257,000, with tax bills ranging significantly across the county. 46356 has the highest median home price at $257,000.

Property Tax Assessment Values Across Lowell, Lake County, Indiana

Source: Ownwell

$36,700

$207,300

$377,900

Median Lowell Market Value

$257,000

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 Lowell, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46356	$168,940	$200,700	$257,000	$335,000	$415,820

Source: Ownwell

Property Tax Bills Across Lowell, Lake County, Indiana

In Lowell, IN, property tax bills are determined based on the assessed value of a home, which is influenced by various factors such as market trends and property characteristics. Homeowners in Lake County can expect a median property tax bill of $2,415, aligning closely with the national median of $2,400. However, the tax bill can vary significantly, with the 25th percentile at $1,807 and the 75th percentile reaching $3,223. At the 90th percentile, bills can go as high as $4,082, reflecting the diverse property values and tax rates in the area. High property taxes can place a significant financial burden on homeowners, impacting their overall affordability. Ownwell offers valuable assistance in this regard, helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging expertise and local market knowledge, Ownwell can identify potential savings and ensure that homeowners are not overpaying on their property tax bills, ultimately leading to significant financial relief.

Property Tax Bills Across Lowell, Lake County, Indiana

Source: Ownwell

$542

$2,164

$3,785

Median Lowell Tax Bill

$2,415

Median Lake County Tax Bill

$2,011

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Lowell, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46356	$1,336	$1,807	$2,415	$3,223	$4,082

Source: Ownwell