Burns Harbor, Porter County, Indiana Property Taxes

Name: Property Tax Bills Across Burns Harbor, Porter County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median BURNS HARBOR, IN effective property tax rate: 1.02%, aligns with the national median of 1.02%, but is slightly higher than the Indiana state median of 0.99%.
Median BURNS HARBOR, IN home value: $169,300
Median annual BURNS HARBOR, IN tax bill: $1,722, $678 lower than the national median property tax bill of $2,400.

How are property taxes in Porter County calculated?

Property taxes in BURNS HARBOR, 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 BURNS HARBOR’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in BURNS HARBOR, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Burns Harbor, Porter County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$1,727

$1,602

Ownwell’s Burns Harbor Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Burns Harbor with just two data points. By entering your property's estimated assessed value, our calculator applies Burns Harbor’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Porter County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Burns Harbor, Porter County, Indiana

Local government entities set tax rates, which can vary widely within a state. The process involves estimating the required budget to provide essential services and dividing it by the total value of all taxable property within the jurisdiction. This calculation results in the property tax rate. Votes and laws play a role in setting these rates and budgets, but this is the annual process in a nutshell.

In Burns Harbor, located in Porter County, Indiana, property tax rates reflect this local budgeting process. While Indiana's property tax rate aligns closely with the national median of 1.02%, it's important to note that local variations can occur. Comparing Burns Harbor's effective property tax rate to other cities within Indiana, as well as the national median, offers valuable insight into how property taxes are assessed and the potential financial impact on homeowners.

Understanding these local differences is crucial for property owners seeking to manage their tax liabilities effectively. By staying informed about how property taxes are calculated and how they compare to state and national benchmarks, homeowners can make more strategic decisions regarding their property investments.

Property Tax Rates Across Burns Harbor, Porter County, Indiana

Source: Ownwell

0.71%

1.12%

1.54%

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 Burns Harbor Tax Rate

1.02%

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 Burns Harbor, Porter County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46304	0.73%	0.84%	1.02%	1.94%	2.07%

Source: Ownwell

Property Tax Assessment Values Across Burns Harbor, Porter County, Indiana

When examining property taxes in Burns Harbor, Indiana, 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's Office 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 Burns Harbor. For example, the median home price in Burns Harbor is $169,300, with tax bills ranging significantly across the county. Zip code 46304 has the highest median home price at $169,300.

Property Tax Assessment Values Across Burns Harbor, Porter County, Indiana

Source: Ownwell

$133,200

$302,700

$472,200

Median Burns Harbor Market Value

$169,300

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 Burns Harbor, Porter County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46304	$64,400	$113,650	$169,300	$216,500	$254,000

Source: Ownwell

Property Tax Bills Across Burns Harbor, Porter County, Indiana

In Burns Harbor, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate. In Porter County, the median property tax bill is $1,722, which is below the national median of $2,400. Factors influencing the tax bill include the home's assessed value and the local tax rate. Homeowners in Burns Harbor with homes valued at the 25th percentile can expect tax bills around $1,264, while those at the 75th percentile may see bills as high as $2,900. These tax obligations can significantly impact homeowners' annual budgets. Fortunately, Ownwell can assist homeowners by identifying potential savings on their property tax bills. By leveraging expertise in property tax appeals and exemptions, Ownwell helps ensure that homeowners are not overpaying. This service can provide peace of mind and financial relief, making it a valuable resource for anyone looking to manage their property tax expenses effectively.

Property Tax Bills Across Burns Harbor, Porter County, Indiana

Source: Ownwell

$1,064

$3,277

$5,489

Median Burns Harbor Tax Bill

$1,722

Median Porter County Tax Bill

$2,499

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Burns Harbor, Porter County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46304	$497	$1,264	$1,722	$2,900	$3,971

Source: Ownwell