Lake County Property Tax Bills by Tax District
Pay 2004
Assessment and Deductions
Median Home Value, 2000 Census	97,500
Assessment-Sales Ratio	0.965
Gross Assessed Value	94,088
Homestead Deduction	35,000
Mortgage Deduction	3,001
Net Assessed Value	56,087
Tax Rate, Credits and Tax Bill
Tax District	Tax Rate	Gross Tax	PTRC Rate	PTRC	Gross Tax - PTRC	State/Local Homestead Credit Rate	Home- stead Credit	Net Tax	Rank Among All 1,960 Districts	Net Tax, Half the Median Home Value	Net Tax, Twice the Median Home Value
001 - Calumet TWP	4.6373	2,601	22.6739	590	2,011	12.3798	249	1,762	42	645	4,718
002 - Calumet TWP Gary Sanitary	5.0991	2,860	21.5652	617	2,243	12.0625	271	1,973	25	722	5,282
003 - Gary Corp Calumet Twp Lake Ridge Sch	8.3621	4,690	20.5322	963	3,727	14.6919	548	3,179	2	1,163	8,513
004 - Gary Corp Calumet Twp Gary Sch	8.8593	4,969	22.9532	1,140	3,828	15.4720	592	3,236	1	1,184	8,665
005 - Lake Station Corp Calumet Twp	4.6279	2,595	19.8044	514	2,081	13.3641	278	1,803	34	660	4,829
006 - Griffith Corp Calumet Twp	4.2777	2,399	18.6274	447	1,952	11.2414	219	1,733	49	634	4,640
007 - Cedar Creek TWP	2.8195	1,581	20.4581	323	1,258	9.9849	126	1,132	272	414	3,032
008 - Lowell Corp Cedar Creek Twp	3.5928	2,015	19.8693	400	1,614	11.5864	187	1,427	108	522	3,823
012 - Eagle Creek TWP	2.7978	1,569	20.3761	320	1,249	9.8100	123	1,127	276	412	3,017
013 - Hanover TWP	2.6653	1,495	20.3475	304	1,191	10.0326	119	1,071	332	392	2,868
014 - Cedar Lake Corp Hanover Twp	3.1869	1,787	19.8571	355	1,432	11.1739	160	1,272	179	466	3,407
015 - Saint John Corp Hanover Twp	3.3628	1,886	19.5225	368	1,518	11.2450	171	1,347	147	493	3,607
016 - Hobart TWP	2.7182	1,524	24.8316	378	1,146	11.9180	137	1,009	381	369	2,703
017 - Gary Corp Hobart Twp River Forest Sch	7.0999	3,981	20.6813	823	3,158	15.5958	492	2,665	6	975	7,138
018 - Hobart Corp Hobart Twp Hobart City Sch	4.4162	2,476	20.7060	513	1,964	10.8695	213	1,750	45	641	4,687
019 - Hobart Corp Hobart Hobart City Sch Gary Sanitary	4.8780	2,735	19.7369	540	2,195	10.7017	235	1,960	26	717	5,250
020 - Lake Station Corp Hobart Twp River Forest Sch	4.1067	2,303	23.1163	532	1,770	14.6642	260	1,511	81	553	4,046
021 - Lake Station Corp Hobart Twp Lake Station Sch	4.0744	2,284	20.4148	466	1,818	13.1953	240	1,578	65	578	4,227
022 - New Chicago Corp (Hobart)	3.3986	1,906	23.8633	455	1,451	13.6183	198	1,253	190	459	3,357
023 - Hammond Corp (North)	5.2664	2,953	20.8423	615	2,337	12.6163	295	2,042	22	748	5,471
024 - East Chicago Corp (North)	8.1688	4,580	21.5867	989	3,591	15.6847	563	3,028	3	1,108	8,111
025 - Whiting Corp (North)	7.1094	3,986	24.9703	995	2,991	14.6658	439	2,552	7	934	6,836
026 - Highland Corp (North)	3.0163	1,691	24.5884	416	1,275	12.7963	163	1,112	292	407	2,979
027 - Munster Corp (North)	3.2430	1,818	19.1086	347	1,471	10.4037	153	1,318	159	482	3,530
028 - Ross TWP	2.8173	1,579	23.6091	373	1,207	10.1936	123	1,084	319	397	2,903
029 - Crown Point Corp Ross Twp	3.5862	2,010	22.0009	442	1,568	11.3871	179	1,390	127	509	3,722
030 - Merrillville Corp Ross Twp	3.2459	1,820	22.6582	412	1,407	10.9846	155	1,253	192	459	3,356
031 - Merrillville Corp Ross Twp Gary Sanitary	3.7077	2,079	21.1352	439	1,639	10.7481	176	1,463	95	536	3,919
032 - Saint John TWP	2.4525	1,375	25.1869	346	1,029	12.1912	125	903	534	331	2,419
033 - Griffith Corp Saint John Twp	3.1984	1,793	23.2854	417	1,375	13.2578	182	1,193	224	437	3,196
034 - Dyer Corp (Saint John)	3.0022	1,683	22.7737	383	1,300	11.9344	155	1,145	264	419	3,066
035 - Saint John Corp Saint John Twp	3.1496	1,766	23.0571	407	1,358	12.8118	174	1,184	231	434	3,173
036 - Schererville Corp (Saint John)	2.9217	1,638	23.6583	387	1,250	12.6679	158	1,092	312	400	2,925
037 - West Creek TWP	2.7694	1,552	20.4598	318	1,235	9.7954	121	1,114	287	408	2,984
038 - Lowell Corp West Creek Twp	3.5751	2,004	19.8686	398	1,606	11.5449	185	1,420	113	520	3,805
039 - Schneider Corp (West Creek)	3.6780	2,062	20.4057	421	1,641	12.3942	203	1,438	106	526	3,851
041 - Center TWP	2.7642	1,549	20.3149	315	1,235	9.8773	122	1,113	290	407	2,981
042 - Crown Point Corp Center Twp	3.4508	1,934	19.2087	372	1,563	10.7107	167	1,395	123	511	3,738
043 - Cedar Lake Corp Center Twp	3.2620	1,828	19.7319	361	1,468	10.8177	159	1,309	163	479	3,507
044 - Winfield TWP	2.7639	1,549	20.3142	315	1,234	9.8753	122	1,113	291	407	2,981
045 - Hobart Corp Hobart Twp River Forest Sch	3.7719	2,114	22.7833	482	1,632	13.4266	219	1,413	115	517	3,787
046 - Hobart Corp Ross Twp	3.8613	2,164	22.1778	480	1,684	12.3929	209	1,475	91	540	3,953
047 - Winfield Corp (Winfield)	2.8303	1,586	20.1217	319	1,267	9.9047	125	1,142	266	418	3,059
048 - Hobart Corp Ross (TIF Only, see CMT added 049*)	1.0615	595	17.5206	104	491	16.9939	83	407	1,864	149	1,091
050 - Saint John TWP Schererville Water	2.4525	1,374	25.1870	346	1,028	12.1911	125	903	535	331	2,419
054 - Winfield Corp Winfield Water District	2.9021	1,626	19.6124	319	1,307	9.5878	125	1,182	233	433	3,168
Note:  Median Home Value for this county is from the 2000 U.S. Census.
Assessment-Sales Ratio is the median assessment to sales price ratio, from the State Equalization Study.
Counties with Assessment-Sales Ratios listed as "0" have studies that are incomplete.  Gross assessed values are assumed equal to home values.
Gross Assessed Value is the product of the Median Home Value and the Assessment Ratio.
Net Assessed Value is Gross Assessed Value less Deductions/Exemptions. Homestead deduction cannot exceed 50% of gross assessed value.
Tax Districts are areas within a county with particular combinations of government units.  The district Tax Rate is the sum of the tax rates of these units.
Gross Tax is the District Tax Rate times Net Assessed Value.
Property Tax Replacement Credit Dollars are the PTRC Rate times the Gross Tax; they are subtracted from the Gross Tax.
The Homestead Credit Rate is multiplied by the Tax After PTRC.  Homestead Credit dollars are subtracted from Tax After PTRC to get the Tax Bill.
Rank, All Districts is the rank, from highest to lowest net tax, among all of Indiana's 1,960 tax districts.
Net Tax, Half the Median Value is the tax bill calculation starting with a home value equal to half the county's median.
Net Tax, Twice the Median Value is the tax bill calculation starting with a home value equal to twice the county's median.
Prepared by Larry DeBoer, Agricultural Economics, Purdue University, using Indiana Department of Local
Government Finance rate information, available on the DLGF website, at www.in.gov/dlgf.