"Coffee with the Clerks" to resume this year
After a two-year hiatus due to the COVID-19 pandemic, we are pleased to announce that we will once again host "Coffee with the Clerks," an informal gathering with clerk-treasurers and other local government fiscal officers.
The Coffees give an opportunity for the Auditor's Office and local officials to discuss fiscal matters of mutual concern. The topics for the June 3 "Coffee" will include an update on this year's settlement, the impact of the LaPorte County homestead tax error, new legislation, and new initiatives. Following the Coffee, Auditor's Office staff will be available to meet with township representatives about their allocation of the county's State and Local Fiscal Recovery Funds.
Porter County ARPA work moves to next stage
Porter County's ARPA subcommittees recently completed their review of funding requests for a share of the county's State and Local Fiscal Recovery Funds. In total, 23 public meetings were held since March. The subcommittees will now present their recommendations to the Steering Committee for further review. The Steering Committee schedule is as follows:
Thursday, June 16, 5 p.m. -- Steering Committee
Thursday, June 23, 5 p.m. -- Steering Committee
Adjusted tax bills pending for Pine Township tax districts
|Taxing District||2021 Tax Rate||2022 Tax Rate|
|Pine Township--Michigan City Schools||1.4730||1.4016|
|Pine Township--Duneland Schools||1.5614||1.4965|
|West Porter Fire||1.4863||1.5796|
|Valparaiso--Center Township MTE||1.9863||1.9106|
Certified Net Assessed Values
The Porter County Auditor's Office annually certifies the net assessed values that are used in establishing property tax rates. These values reflect the assessed values for all property types, adjusted for tax abatements, TIFs, deductions and other factors.
The 2022 certified net AVs show that for the second year in a row, the county's overall taxable values will increase by more than 6%, from $10.5 billion to $11.2 billion. Generally speaking, higher net AVs can help stabilize property tax rates. Some highlights about the certified values:
- Of the various property types, owner-occupied homes increased the most, from $5.8 billion to $6.38 billion, a nearly 10% increase.
- Personal property values grew an overall 2%, to $1.52 billion.
- Real and personal property in Tax Increment Financing districts increased from $886 million to $889 million.
- While nearly all of Porter County's taxing districts saw net AV growth, five taxing districts increased by more than 10%. These were: Pine Township-Duneland Schools, Pine Township-Michigan City Schools, Morgan Township, Jackson Township, and Chesterton-Liberty Township.
Details about Porter County's 2022 certified values are available online at gateway.ifionline.org Click on "Search for Reports," then "Assessed Values."
Income Tax revenue for 2022 certified
The table below shows the local income tax (LIT) revenues that our office distributes monthly to the county, cities and towns. The revenue comes from payroll withholdings from those who work in the county.
Overall, Porter County's 2022 local income tax revenues are 2.4% lower than in 2021. Per state statute, half of the total is reserved for a credit on homeowner tax bills and for the Northwest Indiana Regional Development Authority. The other half is distributed to the county and municipalities.
Did you know? Porter County's LIT rate of 0.5% (.005) is the lowest in Indiana. Only one other county currently has this same rate. The following breakdown shows the distribution to the county and municipalities in 2021 and 2022.