Taxes
- Assessed Value: $56,500
- Assessed Year: 2025
- Assessed County: Lake
- APN: 45-08-29-279-022.000-001
- Assessed Land Value: 5300
- Market Land Value: 5300
- Tax Amount: 849.66
- Tax Year: 2024
- Market Value: 56500
- Market Year: 2025
1620 W 40th Ave; Gary, IN Property Details
Off market
1620 W 40th Ave Gary, IN 46408
$56,500 Estimated Value
2 Beds
1 Baths
1,248 SqFt
Property Type
Single FamilyProperty Details
Summary
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1946
- Est. Equity / %: $145,000 / 100%
- Gross Yield: 5.429%
- APN: 45-08-29-279-022.000-001
- Situs County: Lake
Rooms
- Bedrooms: 2
- Bathrooms: 1
- Full Bathrooms: 1
- Total Rooms: 5
Structure
- Building Style: Frame
- Stories: 1
- Building Condition: Fair
- Building Quality: C
- Roof Cover Type: Asphalt
- Sewer Type: None
- Water Source: Municipal
Measurements
- Total: 1,248/SqFt
- Lot: 6,447/SqFt
- Gross: 1,248/SqFt
- Garage: 720/SqFt
- Living: 1,248/SqFt
- Building: 1,248/SqFt
- Ground: 624/SqFt
Legal Description
- Description: ADD. TO GRANT TERRACE LOT 30
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Lake Ridge Schools
- Lat / Lon: 41.546085 / -87.35655
- Subdivision: Add. To Grant Terrace
- Property Class: Residential
- County Use Code: 510
Amenities
- Heating Fuel Type: Gas
- Plus Four: 2404
- Bathroom Fixtures: 5
- Cooling: None
- Garage: Detached Garage
- Heating: Central
- Parking: 3
Ownership Info
1620 W 40th Ave has no associated ownership info
1620 W 40th Ave has no associated ownership info.
Taxes
1620 W 40th Ave has 10 associated Taxes items
1620 W 40th Ave, Gary, IN pays taxes in Lake County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $56,500. The APN we've located for 1620 W 40th Ave is 45-08-29-279-022.000-001.
Unlock the full reportTax History
1620 W 40th Ave has 14 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $56,500 | Land Value $5,300 | Improvement Value $51,200 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $33,800 | Land Value $4,500 | Improvement Value $29,300 | Tax Amount $849.66 | Change Rate -0.406384% | Assessed CR | Tax Rate +0.025138% |
| Year 2023 | Assessed Value $33,600 | Land Value $4,500 | Improvement Value $29,100 | Tax Amount $1,431.33 | Change Rate +1.279188% | Assessed CR | Tax Rate +0.042599% |
| Year 2022 | Assessed Value | Land Value | Improvement Value | Tax Amount $628 | Change Rate +0.090278% | Assessed CR | Tax Rate |
| Year 2021 | Assessed Value $28,700 | Land Value $3,900 | Improvement Value $24,800 | Tax Amount $576 | Change Rate -0.418123% | Assessed CR | Tax Rate +0.02007% |
| Year 2020 | Assessed Value $24,300 | Land Value $3,900 | Improvement Value $20,400 | Tax Amount $989.9 | Change Rate +0.659792% | Assessed CR | Tax Rate +0.040737% |
| Year 2019 | Assessed Value $24,400 | Land Value $3,900 | Improvement Value $20,500 | Tax Amount $596.4 | Change Rate -0.244757% | Assessed CR | Tax Rate +0.024443% |
| Year 2018 | Assessed Value $24,600 | Land Value $3,900 | Improvement Value $20,700 | Tax Amount $789.68 | Change Rate +0.080688% | Assessed CR | Tax Rate +0.032101% |
| Year 2017 | Assessed Value $25,300 | Land Value $3,900 | Improvement Value $21,400 | Tax Amount $730.72 | Change Rate -0.135611% | Assessed CR | Tax Rate +0.028882% |
| Year 2016 | Assessed Value $27,700 | Land Value $3,900 | Improvement Value $23,800 | Tax Amount $845.36 | Change Rate | Assessed CR | Tax Rate +0.030518% |
| Year 2015 | Assessed Value | Land Value | Improvement Value | Tax Amount $845.36 | Change Rate +0.025549% | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value $28,200 | Land Value $4,800 | Improvement Value $23,400 | Tax Amount $824.3 | Change Rate | Assessed CR | Tax Rate +0.02923% |
| Year 2013 | Assessed Value $28,000 | Land Value $4,800 | Improvement Value $23,200 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2012 | Assessed Value | Land Value | Improvement Value | Tax Amount $783.82 | Change Rate | Assessed CR | Tax Rate |