Whiting, Lake County, Indiana Property Taxes
Median Whiting, IN effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Whiting, IN home value: $158,300
Median annual Whiting, IN tax bill: $1,901, $499 lower than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Whiting, 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 Whiting’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Whiting, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Whiting, Lake County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$1,963
$1,822
Property Tax Rates Across Whiting, Lake County, Indiana
Local government entities determine tax rates, leading to significant variations within a state. This variation arises because each county, on an annual basis, estimates the budget it needs to deliver services. This budget is then divided by the total assessed value of all taxable property within the county, resulting in the property tax rate. Although the process involves votes and legal frameworks for setting tax rates and budgets, this is the fundamental approach.
You can compare Whiting's effective property tax rate to other cities in Indiana, as well as the median rates in Indiana and across the United States. Whiting, located in Lake County, has a median property tax rate of 1.24%. This rate is not only the highest in the county but also aligns with the lowest in the area, making it unique. In comparison, Indiana's median property tax rate is 1.24%, slightly above the national median of 1.02%. When considering property tax bills, Whiting’s figures offer a nuanced perspective, especially when compared to the national median property tax bill of $2,400.
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 Whiting Tax Rate
1.24%
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 Whiting, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46394 | 0.80% | 0.94% | 1.24% | 1.30% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Whiting, Lake County, Indiana
When examining property taxes in Whiting, 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 appraisal district 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 Whiting. For example, the median home price in Whiting is $158,300, with tax bills ranging significantly across the county. ZIP code 46394 has the highest median home price at $158,300.
Property Tax Assessment Values Across Whiting, Lake County, Indiana
Source: Ownwell
$36,700
$207,300
$377,900
Median Whiting Market Value
$158,300
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 Whiting, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46394 | $110,660 | $131,300 | $158,300 | $189,400 | $223,900 |
Source: Ownwell
Property Tax Bills Across Whiting, Lake County, Indiana
Median Whiting Tax Bill
$1,901
Median Lake County Tax Bill
$2,011
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Whiting, Lake County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46394 | $1,131 | $1,489 | $1,901 | $2,526 | $3,462 |
Source: Ownwell