Valparaiso, Porter County, Indiana Property Taxes
Median Valparaiso, IN effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Valparaiso, IN home value: $286,900
Median annual Valparaiso, IN tax bill: $2,781, $381 higher than the national median property tax bill of $2,400.
How are property taxes in Porter County calculated?
Property taxes in Valparaiso, 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 Valparaiso’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valparaiso, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valparaiso, Porter County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$2,496
$2,316
Property Tax Rates Across Valparaiso, Porter County, Indiana
Local government entities set tax rates, which can vary widely within a state. This variability is due to each county estimating its required budget to provide essential services and dividing 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.
In Valparaiso, located in Porter County, the effective property tax rate is a crucial consideration for homeowners. When comparing Valparaiso’s rate to other cities in Indiana, it’s clear that the rates can differ significantly. Within Porter County, the highest median tax rate is found in the 46383 zip code, while the lowest is in the 46385 zip code. Indiana’s median tax rate is below the national median, offering a relatively affordable option for property owners.
Understanding these differences can help homeowners make informed decisions about property investments and tax appeals. By staying informed and proactive, property owners can potentially reduce their tax burdens and take advantage of available exemptions.
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 Valparaiso Tax Rate
0.87%
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 Valparaiso, Porter County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46383 | 0.68% | 0.78% | 0.95% | 1.16% | 1.66% |
| 46385 | 0.69% | 0.74% | 0.83% | 1.10% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Valparaiso, Porter County, Indiana
When examining property taxes in Valparaiso, 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 Valparaiso.
For example, the median home price in Valparaiso is $286,900, with tax bills ranging significantly across the county. Zip code 46385 has the highest median home price at $296,900.
Property Tax Assessment Values Across Valparaiso, Porter County, Indiana
Source: Ownwell
$133,200
$302,700
$472,200
Median Valparaiso Market Value
$286,900
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 Valparaiso, Porter County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46383 | $147,040 | $203,300 | $277,500 | $378,000 | $492,600 |
| 46385 | $158,800 | $198,500 | $296,900 | $412,200 | $551,000 |
Source: Ownwell
Property Tax Bills Across Valparaiso, Porter County, Indiana
Median Valparaiso Tax Bill
$2,781
Median Porter County Tax Bill
$2,499
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Valparaiso, Porter County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46383 | $1,265 | $1,931 | $2,831 | $3,831 | $5,188 |
| 46385 | $1,155 | $1,649 | $2,731 | $3,934 | $5,401 |
Source: Ownwell