Crown Point, Lake County, Indiana Property Taxes
Median Crown Point, IN effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Crown Point, IN home value: $280,000
Median annual Crown Point, IN tax bill: $2,761, $361 higher than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Crown Point, 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 Crown Point’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Crown Point, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Crown Point, Lake County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$2,884
$2,676
Property Tax Rates Across Crown Point, Lake County, Indiana
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 Crown Point’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
Crown Point, situated in Lake County, has a property tax rate that aligns closely with the state median of 1.03%. This rate is slightly above the national median property tax rate of 1.02%. Despite the marginal difference, it reflects the county's approach to balancing its budget while maintaining essential services. Residents in Crown Point can take comfort in knowing their tax contributions are part of a carefully considered process that supports the community's needs. Understanding these dynamics can empower homeowners to make informed decisions about their property investments.
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 Crown Point Tax Rate
1.03%
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 Crown Point, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46307 | 0.73% | 0.90% | 1.03% | 1.07% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Crown Point, Lake County, Indiana
When examining property taxes in Crown Point, 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 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 Crown Point. For example, the median home price in Crown Point is $280,000, with tax bills ranging significantly across the county. Zip code 46307 has the highest median home price at $280,000.
Property Tax Assessment Values Across Crown Point, Lake County, Indiana
Source: Ownwell
$36,700
$207,300
$377,900
Median Crown Point Market Value
$280,000
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 Crown Point, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46307 | $173,600 | $217,500 | $280,000 | $367,500 | $470,800 |
Source: Ownwell
Property Tax Bills Across Crown Point, Lake County, Indiana
Median Crown Point Tax Bill
$2,761
Median Lake County Tax Bill
$2,011
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Crown Point, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46307 | $1,519 | $2,049 | $2,761 | $3,910 | $5,140 |
Source: Ownwell