Taxes
- Assessed Value: $40,600
- Assessed Year: 2025
- Assessed County: Lake
- APN: 45-08-29-280-011.000-001
- Assessed Land Value: 5300
- Market Land Value: 5300
- Tax Amount: 321.54
- Tax Year: 2024
- Market Value: 40600
- Market Year: 2025
1621 W 40th Ave; Gary, IN Property Details
Off market
1621 W 40th Ave Gary, IN 46408
$40,600 Estimated Value
2 Beds
1 Baths
1,596 SqFt
Property Type
Single FamilyProperty Details
Summary
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1943
- Est. Equity / %: $131,000 / 100%
- Gross Yield: 12.779%
- APN: 45-08-29-280-011.000-001
- 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: D
- Roof Cover Type: Asphalt
- Sewer Type: None
- Water Source: Municipal
Measurements
- Total: 1,596/SqFt
- Lot: 6,447/SqFt
- Gross: 1,596/SqFt
- Living: 1,596/SqFt
- Building: 1,596/SqFt
- Ground: 798/SqFt
Legal Description
- Description: ADDITION TO GRANT TERRACE L.9
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: 41.545544 / -87.35657
- Subdivision: Addition To Grant Terrace
- Property Class: Residential
- County Use Code: 510
Amenities
- Heating Fuel Type: Gas
- Plus Four: 2403
- Bathroom Fixtures: 5
- Cooling: Central
- Heating: Central
Ownership Info
1621 W 40th Ave has no associated ownership info
1621 W 40th Ave has no associated ownership info.
Taxes
1621 W 40th Ave has 10 associated Taxes items
1621 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 $40,600. The APN we've located for 1621 W 40th Ave is 45-08-29-280-011.000-001.
Unlock the full reportTax History
1621 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 $40,600 | Land Value $5,300 | Improvement Value $35,300 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $28,200 | Land Value $4,500 | Improvement Value $23,700 | Tax Amount $321.54 | Change Rate -0.728486% | Assessed CR | Tax Rate +0.011402% |
| Year 2023 | Assessed Value $27,800 | Land Value $4,500 | Improvement Value $23,300 | Tax Amount $1,184.25 | Change Rate +4.317214% | Assessed CR | Tax Rate +0.042599% |
| Year 2022 | Assessed Value | Land Value | Improvement Value | Tax Amount $222.72 | Change Rate +0.17184% | Assessed CR | Tax Rate |
| Year 2021 | Assessed Value $25,200 | Land Value $3,900 | Improvement Value $21,300 | Tax Amount $190.06 | Change Rate -0.170406% | Assessed CR | Tax Rate +0.007542% |
| Year 2020 | Assessed Value $25,200 | Land Value $3,900 | Improvement Value $21,300 | Tax Amount $229.1 | Change Rate -0.152611% | Assessed CR | Tax Rate +0.009091% |
| Year 2019 | Assessed Value $25,200 | Land Value $3,900 | Improvement Value $21,300 | Tax Amount $270.36 | Change Rate -0.141442% | Assessed CR | Tax Rate +0.010729% |
| Year 2018 | Assessed Value $25,500 | Land Value $3,900 | Improvement Value $21,600 | Tax Amount $314.9 | Change Rate +0.365568% | Assessed CR | Tax Rate +0.012349% |
| Year 2017 | Assessed Value $25,800 | Land Value $3,900 | Improvement Value $21,900 | Tax Amount $230.6 | Change Rate -0.075233% | Assessed CR | Tax Rate +0.008938% |
| Year 2016 | Assessed Value $28,700 | Land Value $3,900 | Improvement Value $24,800 | Tax Amount $249.36 | Change Rate | Assessed CR | Tax Rate +0.008689% |
| Year 2015 | Assessed Value | Land Value | Improvement Value | Tax Amount $249.36 | Change Rate +0.047731% | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value $29,400 | Land Value $4,800 | Improvement Value $24,600 | Tax Amount $238 | Change Rate | Assessed CR | Tax Rate +0.008095% |
| Year 2013 | Assessed Value $29,200 | Land Value $4,800 | Improvement Value $24,400 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2012 | Assessed Value | Land Value | Improvement Value | Tax Amount $221.4 | Change Rate | Assessed CR | Tax Rate |