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Lake County · Lake Station, INLake Station, IN property taxes. A flat year. Look closely.
The typical home in Lake Station was worth about $158,000 in January 2026, 2.1% less than a year earlier. A notice that went up anyway deserves a second look.
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What Lake Station home values did
Lake Station values fell 2.1% in the year to January 2026, and sat 2.8% under the April 2025 high. That's weaker than Lake County as a whole (+1.3%).
Since January, values have risen 2.0% through August 2026.
| Month | Typical value | vs. a year earlier |
|---|---|---|
| January 2021 | $107,000 | +14.9% |
| January 2022 | $123,000 | +15.8% |
| January 2023 | $139,000 | +12.9% |
| January 2024 | $151,000 | +8.3% |
| January 2025 | $162,000 | +7.1% |
| January 2026 | $158,000 | -2.1% |
| August 2026 (latest) | $161,000 | +2.0% since January |
Peak since 2021: $163,000 in April 2025. January 2026 was 2.8% below it.
What to check on your notice
If your 2026 notice shows a higher value than last year, ask why. The typical Lake Station home lost 2.1% over the same stretch. A higher number can still be right for a specific home, for example after a remodel, but the county or township assessor should be able to explain it.
How Lake Station compares nearby
Among 10 Lake County places, Lake Station has the 3rd largest drop from its peak and the 8th highest typical value. Statewide, its 1-year change ranks 14th of 596 Indiana places, from weakest to strongest.
| Place | January 2026 | 1-year change | vs. peak |
|---|---|---|---|
| Gary | $92,000 | -6.5% | -6.5% |
| Hammond | $178,000 | +0.8% | At peak |
| Crown Point | $358,000 | +1.3% | At peak |
| Merrillville | $242,000 | -0.3% | -0.9% |
| Hobart | $244,000 | +0.9% | At peak |
| Schererville | $357,000 | +1.5% | At peak |
| East Chicago | $136,000 | -4.0% | -6.0% |
| Munster | $356,000 | +3.4% | At peak |
| Highland | $267,000 | +2.0% | At peak |
| Lake Station | $158,000 | -2.1% | -2.8% |
Deadline and where to file
Lake Station values are set by the local county or township assessor. File Form 130 with your assessor by June 15 of the assessment year if your Form 11 was mailed before May 1. If the Form 11 was mailed on or after May 1, the deadline is June 15 of the year the tax statements are mailed.
Reading this in fall 2026? The June 15, 2026 deadline for the January 1, 2026 assessment has passed. Your next regular chance is the January 1, 2027 assessment: if your Form 11 is mailed before May 1, 2027, file by June 15, 2027. If it is mailed on or after May 1, 2027, the deadline is June 15, 2028. A limited appeal to fix specific errors (wrong person, missed deduction or tax cap, math or clerical mistake) can still be filed up to 3 years after the taxes were first due.
The Lake County guide covers the full Indiana appeal process: forms, fees, hearing levels and what happens next.
Building a Lake Station case
Averages explain why a case might work. The decision turns on evidence about one property. Lake Station is part of the Chicago-Naperville-Elgin metro, but your evidence should be local. Sales a few streets away usually beat sales across the metro.
- Confirm you have the homestead deduction on your primary home, since it also drives the 1% cap.
Get your Lake Station appeal report
Start with your address. Vulorean checks your assessment against recent comparable sales and builds a value report you can bring to your Indiana appeal. Eligible reports are free during launch; an account is required and local filing fees are separate.
Check my property and get a report →Vulorean was built for California first. Indiana forms, deadlines and filing rules vary, so confirm them with your local office before filing. If something in your report looks wrong, email support@vulorean.com and we'll get it fixed.
Home values: Zillow Home Value Index (ZHVI), all homes, mid-tier, smoothed and seasonally adjusted, through August 2026, from Zillow Research. Rules: Form 130, Taxpayer's Notice to Initiate an Appeal (State Form 53958 R9 4-26), Indiana Board of Tax Review: Appeal Process Overview (Sept 2026), Indiana Board of Tax Review: Taxpayer's Guide to Filing a Petition, DLGF Fact Sheet: Circuit Breaker Caps. Vulorean is an independent service, not a government office. Confirm dates and forms with your local office.