Porter County, Indiana Property Taxes
The median property tax rate in Porter County is 0.91%, which is slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Porter County at $260,100, the typical annual property tax bill reaches $2,499, which is lower than the national median of $2,690. Property taxes in Porter County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Porter County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Valparaiso or another part of Porter County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Porter County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,367
$2,196
Ownwell’s Porter County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Porter County with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Porter County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Porter County, Indiana
Property taxes in Porter County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Porter County is 0.91%, which is lower than the Indiana state median and the U.S. national median of 0.99%. Local government entities within Porter County set these rates annually, and they can vary significantly between different areas within the county. Each year, Porter County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Dune Acres has one of the higher property tax rates in Indiana at 2.15%, while the city of Crown Point boasts one of the lowest at 0.71%. Analyzing how Porter County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Porter County Tax Rate
0.91%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Porter County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beverly Shores | 0.84% | 0.97% | 1.01% | 1.83% | 1.84% |
| Boone Grove | 0.53% | 0.66% | 0.72% | 1.52% | 1.61% |
| Burns Harbor | 0.73% | 0.84% | 1.02% | 1.94% | 2.07% |
| Chesterton | 0.79% | 0.93% | 1.03% | 1.09% | 1.82% |
| Crown Point | 0.64% | 0.67% | 0.71% | 0.74% | 0.80% |
| Dune Acres | N/A | N/A | N/A | N/A | N/A |
| Hebron | 0.72% | 0.80% | 1.04% | 1.11% | 1.43% |
| Hobart | 0.71% | 0.78% | 0.87% | 0.97% | 1.05% |
| Kouts | 0.63% | 0.71% | 0.76% | 0.82% | 1.08% |
| La Crosse | N/A | N/A | N/A | N/A | N/A |
| Michigan City | 0.47% | 0.65% | 0.80% | 1.46% | 1.77% |
| Portage | 0.84% | 0.89% | 0.91% | 0.97% | 1.84% |
| Porter | 0.68% | 1.05% | 1.54% | 2.06% | 2.73% |
| Valparaiso | 0.68% | 0.75% | 0.87% | 1.14% | 1.40% |
| Westville | 0.73% | 0.79% | 0.83% | 0.89% | 0.97% |
| Wheeler | 0.66% | 0.73% | 0.78% | 1.05% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Porter County, Indiana
In Porter County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Porter County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Porter County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Beverly Shores has the highest median tax bill at $5,489, while Dune Acres has the lowest at $285. Being aware of these valuation processes in Porter County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Porter County Assessed Value
$260,100
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Porter County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beverly Shores | $166,980 | $309,825 | $472,200 | $644,625 | $854,420 |
| Boone Grove | $76,430 | $99,350 | $133,850 | $186,150 | $224,160 |
| Burns Harbor | $64,400 | $113,650 | $169,300 | $216,500 | $254,000 |
| Chesterton | $128,180 | $190,600 | $258,900 | $356,700 | $477,040 |
| Crown Point | $236,450 | $276,250 | $331,850 | $447,050 | $555,960 |
| Dune Acres | N/A | N/A | N/A | N/A | N/A |
| Hebron | $126,840 | $182,800 | $238,300 | $328,800 | $438,340 |
| Hobart | $171,530 | $220,750 | $281,750 | $345,225 | $431,110 |
| Kouts | $132,800 | $181,375 | $239,050 | $322,550 | $411,340 |
| La Crosse | N/A | N/A | N/A | N/A | N/A |
| Michigan City | $31,700 | $80,800 | $133,200 | $200,900 | $307,500 |
| Portage | $107,390 | $167,300 | $220,000 | $276,700 | $357,900 |
| Porter | $10,900 | $11,600 | $170,200 | $266,950 | $344,950 |
| Valparaiso | $154,900 | $200,600 | $286,900 | $397,200 | $524,790 |
| Westville | $194,700 | $259,350 | $339,900 | $438,950 | $551,580 |
| Wheeler | $69,100 | $105,500 | $144,400 | $185,500 | $232,200 |
Source: Ownwell
Property Tax Bills Across Porter County, Indiana
In Porter County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the property's location, size, and any improvements made can influence the assessed value. For instance, the median home price in Porter County is $260,100. Homeowners in the 25th percentile of tax bills pay around $1,726 annually, while those in the 75th percentile face bills of approximately $3,559. At the higher end, the 90th percentile sees tax bills reaching up to $4,908. Comparatively, the national median property tax rate is 0.99%, making Porter County's tax rates relatively moderate. However, disparities exist within the county; Beverly Shores has the highest median tax bill at $5,489, whereas Dune Acres has the lowest at just $285. These variations significantly impact homeowners, influencing their financial planning and long-term investment decisions.
Average Porter County Tax Bill
$2,499
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Porter County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beverly Shores | $1,670 | $3,244 | $5,489 | $8,241 | $11,579 |
| Boone Grove | $562 | $848 | $1,256 | $1,561 | $2,014 |
| Burns Harbor | $497 | $1,264 | $1,722 | $2,900 | $3,971 |
| Chesterton | $1,096 | $1,934 | $2,743 | $3,847 | $5,283 |
| Crown Point | $1,466 | $1,859 | $2,330 | $3,411 | $4,343 |
| Dune Acres | N/A | N/A | N/A | N/A | N/A |
| Hebron | $1,158 | $1,812 | $2,408 | $3,292 | $4,267 |
| Hobart | $1,213 | $1,827 | $2,531 | $3,173 | $4,195 |
| Kouts | $864 | $1,337 | $1,916 | $2,645 | $3,356 |
| La Crosse | N/A | N/A | N/A | N/A | N/A |
| Michigan City | $259 | $546 | $1,064 | $1,853 | $2,817 |
| Portage | $741 | $1,592 | $2,122 | $2,712 | $3,583 |
| Porter | $112 | $218 | $1,792 | $3,295 | $5,093 |
| Valparaiso | $1,186 | $1,800 | $2,781 | $3,888 | $5,303 |
| Westville | $1,449 | $2,110 | $2,837 | $3,788 | $4,921 |
| Wheeler | $562 | $884 | $1,232 | $1,677 | $2,243 |
Source: Ownwell