Merrillville, Lake County, Indiana Property Taxes

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

Median Merrillville, IN effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Merrillville, IN home value: $181,500
Median annual Merrillville, IN tax bill: $1,610, $790 lower than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Merrillville, Lake County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$1,543

$1,432

Ownwell’s Merrillville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Merrillville with just two data points. By entering your property's estimated assessed value, our calculator applies Merrillville’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 Merrillville, 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. Below, you can compare Merrillville’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Merrillville, located in Lake County, has a median property tax rate of 0.85%, which aligns with the highest and lowest rates in the area. This rate is lower than the national median property tax rate of 1.02%. Homeowners in Merrillville benefit from relatively lower property tax bills compared to the national median. Understanding these differences can help property owners make informed decisions about their investments and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Merrillville, 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 Merrillville Tax Rate

0.85%

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 Merrillville, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46410	0.60%	0.75%	0.85%	0.90%	1.72%

Source: Ownwell

Property Tax Assessment Values Across Merrillville, Lake County, Indiana

When examining property taxes in Merrillville, 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. The Lake County Assessor's Office 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 April. 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 Merrillville. For example, the median home price in Merrillville is $181,500, with tax bills ranging significantly across the county. Zip code 46410 has the highest median home price at $181,500.

Property Tax Assessment Values Across Merrillville, Lake County, Indiana

Source: Ownwell

$36,700

$207,300

$377,900

Median Merrillville Market Value

$181,500

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 Merrillville, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46410	$118,300	$148,500	$181,500	$225,100	$279,000

Source: Ownwell

Property Tax Bills Across Merrillville, Lake County, Indiana

In Merrillville, located in Lake County, IN, property tax bills are determined by the assessed value of a home, which is based on its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in Merrillville face a median property tax bill of $1,610, which is below the national median of $2,400. However, this still represents a significant expense for many residents. Factors such as location, property size, and improvements can influence the assessed value, and thus, the tax bill. For instance, homeowners in the 25th percentile pay around $1,173, while those in the 90th percentile can see bills as high as $2,840. Ownwell offers valuable assistance to homeowners by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying on their taxes. This can lead to substantial savings, making the financial burden of property taxes more manageable for Merrillville residents.

Property Tax Bills Across Merrillville, Lake County, Indiana

Source: Ownwell

$542

$2,164

$3,785

Median Merrillville Tax Bill

$1,610

Median Lake County Tax Bill

$2,011

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Merrillville, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46410	$821	$1,173	$1,610	$2,151	$2,840

Source: Ownwell