Investment Property taxes in NW Indiana

[Tom Edwards]

I recently purchased a 2 unit investment property in NW Indiana (Lake County, Hammond). The assessed value is 182K which is fairly accurate. My tax bill just came in and its 5K a year. My questions are:

- Does 5K a year seem accurate? I assumed my tax rate for an investment prop would be closer to 2% of value or about 3.6K a year.

- Are there any exceptions I can take advantage of to lower my prop tax bill?

- Anyone here paying a similar amount? What are your experiences?

Thanks in advance everyone!