Porter, Porter County, Indiana Property Taxes

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

Median Porter, IN effective property tax rate: 1.54%, significantly higher than the national median of 1.02%, but lower than the Indiana state median of 0.99%. Median Porter, IN home value: $170,200. Median annual Porter, IN tax bill: $1,792, $608 lower than the national median property tax bill of $2,400.

How are property taxes in Porter calculated?

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

Last Updated March 1, 2025

Porter, Porter County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.54%

Estimate Property Tax Bill

$2,621

$2,432

Ownwell’s Porter Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Porter with just two data points. By entering your property's estimated assessed value, our calculator applies Porter’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 Porter, Porter County, Indiana

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Porter County, Indiana, the effective property tax rate reflects these calculations and considerations. Comparing Porter County's tax rate to other cities in Indiana reveals its unique position within the state. The median property tax rate in Porter County is distinct when compared to both the state and national medians. This highlights the local government's approach to balancing budgetary needs with taxpayer contributions. Understanding these rates provides insight into how property taxes are determined and how they impact residents in Porter County.

Property Tax Rates Across Porter, 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 Porter Tax Rate

1.54%

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 Porter, Porter County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46304	0.68%	1.05%	1.54%	2.06%	2.73%

Source: Ownwell

Property Tax Assessment Values Across Porter, Porter County, Indiana

When examining property taxes in Porter, 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 Porter. For example, the median home price in Porter is $170,200, with tax bills ranging significantly across the county. ZIP code 46304 has the highest median home price at $170,200.

Property Tax Assessment Values Across Porter, Porter County, Indiana

Source: Ownwell

$133,200

$302,700

$472,200

Median Porter Market Value

$170,200

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 Porter, Porter County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46304	$10,900	$11,600	$170,200	$266,950	$344,950

Source: Ownwell

Property Tax Bills Across Porter, Porter County, Indiana

In Porter, IN, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price here is $170,200, and tax bills vary significantly across different percentiles. For instance, homeowners at the 25th percentile face a tax bill of $218, while those at the 75th percentile pay $3,295. At the 90th percentile, the tax bill can reach as high as $5,093. Interestingly, the highest and lowest median tax bills in the area are both $1,792, found in the 46304 zip code. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Porter presents a unique landscape for property taxes. This variability can significantly impact homeowners, potentially leading to financial strain if taxes rise unexpectedly. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments, identifying potential exemptions, and ensuring they pay only what is fair. This service can lead to substantial savings and peace of mind.

Property Tax Bills Across Porter, Porter County, Indiana

Source: Ownwell

$1,064

$3,277

$5,489

Median Porter Tax Bill

$1,792

Median Porter County Tax Bill

$2,499

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Porter, Porter County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46304	$112	$218	$1,792	$3,295	$5,093

Source: Ownwell