Griffith, Lake County, Indiana Property Taxes
Median Griffith, IN effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Griffith, IN home value: $203,800
Median annual Griffith, IN tax bill: $2,219, $181 lower than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Griffith, 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 Griffith’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Griffith, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Griffith, Lake County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$2,181
$2,024
Property Tax Rates Across Griffith, Lake County, Indiana
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 Griffith Tax Rate
1.07%
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 Griffith, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46319 | 0.87% | 1.03% | 1.07% | 1.11% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Griffith, Lake County, Indiana
When examining property taxes in Griffith, 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.
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 Griffith.
For example, the median home price in Griffith is $203,800, with tax bills ranging significantly across the county. Zip code 46319 has the highest median home price at $203,800.
Property Tax Assessment Values Across Griffith, Lake County, Indiana
Source: Ownwell
$36,700
$207,300
$377,900
Median Griffith Market Value
$203,800
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 Griffith, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46319 | $137,500 | $173,300 | $203,800 | $239,500 | $289,000 |
Source: Ownwell
Property Tax Bills Across Griffith, Lake County, Indiana
In Griffith, located in Lake County, Indiana, property tax bills are calculated based on the assessed value of a home. This value is determined by local assessors who evaluate the market value of the property. The property tax rate is then applied to this assessed value to determine the tax bill. In Griffith, the median property tax bill is $2,219, which is slightly below the national median of $2,400. Homeowners in Griffith can expect a tax bill ranging from $1,837 at the 25th percentile to $3,476 at the 90th percentile, depending on their property's value and specific circumstances.
High property tax bills can be a burden for homeowners, but Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing individual property assessments and identifying potential discrepancies, Ownwell helps homeowners potentially reduce their tax liabilities. This service not only offers financial relief but also ensures that homeowners are paying a fair amount relative to their property's value.
Median Griffith Tax Bill
$2,219
Median Lake County Tax Bill
$2,011
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Griffith, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46319 | $1,293 | $1,837 | $2,219 | $2,733 | $3,476 |
Source: Ownwell