Michiana Shores, Laporte County, Indiana Property Taxes
Median Michiana Shores, IN effective property tax rate: 1.88%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Michiana Shores, IN home value: $332,500
Median annual Michiana Shores, IN tax bill: $4,698, $2,298 higher than the national median property tax bill of $2,400.
How are property taxes in LaPorte calculated?
Property taxes in Michiana Shores, 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 Michiana Shores’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Michiana Shores, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Michiana Shores, Laporte County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.88%
Estimate Property Tax Bill
$6,251
$5,801
Property Tax Rates Across Michiana Shores, Laporte County, Indiana
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget necessary to provide essential services and then divides this by the total assessed value of all taxable properties in its area. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental annual procedure.
In Michiana Shores, located in LaPorte County, Indiana, the effective property tax rate is a point of interest when compared to other cities within the state and the broader national landscape. Indiana's median property tax rate stands at 1.88%, which is notably higher than the national median of 1.02%. This suggests that property owners in Michiana Shores may face higher tax bills compared to the national average, given the state's overall tax rate. Understanding these differences can provide valuable insights for property owners looking to manage their tax liabilities effectively.
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 Michiana Shores Tax Rate
1.88%
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 Laporte County Tax Rate
1.00%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Michiana Shores, Laporte County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46360 | 1.00% | 1.00% | 1.88% | 1.88% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Michiana Shores, Laporte County, Indiana
When examining property taxes in Michiana Shores, 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 LaPorte County appraisal district 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 LaPorte County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Michiana Shores.
For example, the median home price in Michiana Shores is $332,500, with tax bills ranging significantly across the county. Zip code 46360 has the highest median home price at $332,500.
Property Tax Assessment Values Across Michiana Shores, Laporte County, Indiana
Source: Ownwell
$74,300
$262,600
$450,900
Median Michiana Shores Market Value
$332,500
Median Laporte County Market Value
$136,400
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Michiana Shores, Laporte County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46360 | $200,820 | $262,900 | $332,500 | $438,675 | $579,490 |
Source: Ownwell
Property Tax Bills Across Michiana Shores, Laporte County, Indiana
Median Michiana Shores Tax Bill
$4,698
Median Laporte County Tax Bill
$1,442
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Michiana Shores, Laporte County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46360 | $2,586 | $3,266 | $4,698 | $6,460 | $9,457 |
Source: Ownwell