Lowell is incorporated as a Town, with an area of 4.5 square miles and is governed by a five member town council elected every four years. The council hires a professional Town Manager to serve as the administrative head. Town government also includes a Plan Commission, a Board of Zoning Appeals, an Economic Development Commission, and a Park Board appointed or hired by the council. The Clerk-Treasurer, who serves as the fiscal officer, is elected to a four year term from the town wards.
Business Overview
In addition to local banks, dentists, physicians and attorneys, Lowell has many retail establishments. Several industries employ a total of over three hundred. Forty service-oriented business, a dozen wholesale traders, and over eighty retail traders make up the business mix.
Taxes
The Lowell area encompasses three townships: West Creek, Cedar Creek and Eagle Creek. Lowell lies within West Creek and Cedar Creek. No municipal sales tax may be imposed, nor does Lake County impose a county income tax.
State income tax: 3%personal tax on adjusted gross. State retail tax: 5%(food and perscription drugs exempt). |
Lowell Property tax 1994:Within West Creek:$18.8126 Within Cedar Creek:$18.7009 |
Property tax abatements must be approved by the town council. Property taxes on rehabilitated or newly constructed structures in certain areas can be reduced for a period of ten years. Property taxes on new manufacturing equipment can be reduced for five years.
Housing Units
Lowell provides a variety of residential options. The charm of the older streets appeals to those who enjoy restoration homes. For families looking for newer houses or wishing to build, there are platted subdivisions and planned unit developments, as well as land adjacent to town available for development. Some families thrive on small acreage country living with large gardens and farm animals.
1990 census: 2184 units
Home values:$70,000 to $250,000 1088 units | Rental:$250 to $499 370 units |
Send mail to Lowell Chamber of Commerce