Schererville, Lake County, Indiana Property Taxes

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

Median Schererville, IN effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Schererville, IN home value: $291,500
Median annual Schererville, IN tax bill: $2,683, $283 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Schererville, Lake County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$2,624

$2,435

Ownwell’s Schererville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Schererville with just two data points. By entering your property's estimated assessed value, our calculator applies Schererville’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 Schererville, Lake County, Indiana

Local government entities set tax rates, which can vary widely within a state. This is because 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. Schererville in Lake County, Indiana, has an effective property tax rate of 0.90%, which is below the national median property tax rate of 1.02%. This rate reflects the county's budgetary requirements and the total assessed value of taxable properties. Compared to other cities in Indiana, Schererville aligns with the state’s median property tax rate, making it an attractive location for property owners seeking lower tax liabilities. The lower tax rate can contribute to more affordable property ownership, enhancing the appeal of Schererville for potential homebuyers and investors. With property taxes being a significant consideration for homeowners, understanding these local rates can lead to informed decisions and potential savings.

Property Tax Rates Across Schererville, 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 Schererville Tax Rate

0.90%

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 Schererville, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46375	0.72%	0.82%	0.90%	0.99%	1.10%

Source: Ownwell

Property Tax Assessment Values Across Schererville, Lake County, Indiana

When examining property taxes in Schererville, 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 Schererville. For example, the median home price in Schererville is $291,500, with tax bills ranging significantly across the county. Zip code 46375 has the highest median home price at $291,500.

Property Tax Assessment Values Across Schererville, Lake County, Indiana

Source: Ownwell

$36,700

$207,300

$377,900

Median Schererville Market Value

$291,500

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 Schererville, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46375	$190,840	$228,600	$291,500	$362,500	$440,800

Source: Ownwell

Property Tax Bills Across Schererville, Lake County, Indiana

In Schererville, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. Homeowners in Lake County can expect a median property tax bill of $2,683, which is slightly above the national median of $2,400. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions. The assessed value is typically a percentage of the market value, and it directly impacts the overall tax bill. For homeowners, this means that changes in property value or tax rates can significantly affect the amount they owe.

Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can help homeowners challenge their assessed values and ensure they are paying a fair amount. With a deep understanding of local tax codes and regulations, Ownwell can effectively identify potential savings, ultimately helping homeowners keep more money in their pockets.

Property Tax Bills Across Schererville, Lake County, Indiana

Source: Ownwell

$542

$2,164

$3,785

Median Schererville Tax Bill

$2,683

Median Lake County Tax Bill

$2,011

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Schererville, Lake County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46375	$1,418	$1,938	$2,683	$3,548	$4,573

Source: Ownwell