46394 Property Tax Rate

Property owners in ZIP code 46394 (Whiting, Indiana) pay a median of $1,680/year in property taxes on homes valued at $162,900. This translates to an effective tax rate of 1.03%, which is 49% above the Indiana state average of 0.69%.

The monthly property tax burden for a median-valued home in 46394 is approximately $140, which factors into escrow payments on mortgages. This ZIP code is located within Lake County. This is $429 more than the Indiana average of $1,251/year.

Compared to similar ZIP codes in Indiana, 46394 has lower property taxes. ZIP codes with similar effective rates include 46240 (1.03%) and 46204 (1.02%).

In Whiting, property taxes represent approximately 2.5% of the median household income of $66,386, providing context for the relative tax burden on homeowners in this area.

Indiana reassesses at market value upon purchase with no state-mandated annual increase cap for new owners. Lake County recognizes the Homestead Property Tax Deduction for owner-occupied homes — file Form 136 with the Lake County Assessor to reduce your taxable assessed value. Contact the Lake County Assessor immediately after closing to submit your Form 136 claim and confirm your reassessment reflects the purchase price.