Crown Point, Porter County, Indiana Property Taxes
Median Crown Point, IN effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Crown Point, IN home value: $331,850
Median annual Crown Point, IN tax bill: $2,330, $70 lower than the national median property tax bill of $2,400.
How are property taxes in Porter County calculated?
Property taxes in Crown Point, IN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Crown Point’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Crown Point, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Crown Point, Porter County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$2,356
$2,186
Property Tax Rates Across Crown Point, Porter County, Indiana
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Crown Point’s effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.
Crown Point, located in Lake County, Indiana, has an effective property tax rate of 0.71%. This rate is significantly lower than the national median property tax rate of 1.02%. The city’s rate is also reflective of the state’s median, highlighting a more affordable property tax environment compared to many other regions across the country. Although the rates in Crown Point are consistent, it is essential for property owners to stay informed about any changes in local tax laws and assessments that might affect their tax bills. Understanding these nuances can help residents make informed decisions about property investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Crown Point Tax Rate
0.71%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Porter County Tax Rate
0.91%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Crown Point, Porter County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46307 | 0.64% | 0.67% | 0.71% | 0.74% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Crown Point, Porter County, Indiana
When examining property taxes in Crown Point, IN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Porter County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Porter County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Crown Point.
For example, the median home price in Crown Point is $331,850, with tax bills ranging significantly across the county. Zip code 46307 has the highest median home price at $331,850.
Property Tax Assessment Values Across Crown Point, Porter County, Indiana
Source: Ownwell
$133,200
$302,700
$472,200
Median Crown Point Market Value
$331,850
Median Porter County Market Value
$260,100
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Crown Point, Porter County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46307 | $236,450 | $276,250 | $331,850 | $447,050 | $555,960 |
Source: Ownwell
Property Tax Bills Across Crown Point, Porter County, Indiana
Median Crown Point Tax Bill
$2,330
Median Porter County Tax Bill
$2,499
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Crown Point, Porter County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46307 | $1,466 | $1,859 | $2,330 | $3,411 | $4,343 |
Source: Ownwell