Porter County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	127,000
Assessment-Sales Ratio	0.955
Gross Assessed Value	121,285
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	83,285
Tax Rate, Credits and Tax Bill
Tax District	Tax Rate	Gross Tax	PTRC Rate	PTRC	Gross Tax - PTRC	State/Local Homestead Credit Rate	Home- stead Credit	Net Tax	Rank Among All 1,960 Districts	Net Tax, Half the Median Home Value	Net Tax, Twice the Median Home Value
001 - BOONE TWP	2.3418	1,950	20.9062	408	1,543	6.3569	98	1,445	104	474	3,548
002 - HEBRON (BOONE)	2.7876	2,322	20.1680	468	1,853	7.9016	146	1,707	52	560	4,193
003 - CENTER TWP	2.1177	1,764	22.1554	391	1,373	7.3150	100	1,273	178	417	3,126
004 - VALPARAISO (CENTER)	2.8670	2,388	21.6620	517	1,871	10.7852	202	1,669	57	547	4,099
005 - JACKSON TWP	1.8527	1,543	27.2780	421	1,122	8.8765	100	1,023	370	335	2,512
006 - LIBERTY TWP	1.8877	1,572	27.0173	425	1,147	8.9494	103	1,045	356	343	2,566
007 - CHESTERTON-LIBERTY TWP	2.3980	1,997	24.4040	487	1,510	10.1204	153	1,357	139	445	3,333
008 - MORGAN TWP	2.1661	1,804	25.0423	452	1,352	7.5966	103	1,250	193	410	3,069
009 - PINE TWP-MICH CITY SCH.	1.8939	1,577	31.3446	494	1,083	10.0005	108	975	426	320	2,394
010 - PINE TWP-DUNELAND SCH.	1.8947	1,578	27.0003	426	1,152	9.0052	104	1,048	351	344	2,575
011 - BEVERLY SHORES (PINES)	2.3840	1,986	26.3774	524	1,462	9.0129	132	1,330	154	436	3,267
012 - PINES TOWN (PINES TWP)	2.0905	1,741	30.5534	532	1,209	11.4412	138	1,071	333	351	2,630
013 - PLEASANT TWP	2.2271	1,855	24.9585	463	1,392	8.0221	112	1,280	175	420	3,145
014 - KOUTS (PLEASANT)	2.5267	2,104	23.9892	505	1,600	9.0754	145	1,454	98	477	3,572
015 - PORTAGE TWP	1.9074	1,589	28.5854	454	1,134	11.0448	125	1,009	382	331	2,479
016 - PORTAGE CITY-PORTAGE TWP	2.6576	2,213	24.9298	552	1,662	12.2444	203	1,458	96	478	3,582
017 - OGDEN DUNES (PORTAGE)	2.1879	1,822	27.1113	494	1,328	11.8383	157	1,171	241	384	2,876
018 - PORTER TWP	2.1898	1,824	23.3554	426	1,398	8.0761	113	1,285	174	422	3,156
019 - UNION TWP	2.0450	1,703	25.7154	438	1,265	8.2985	105	1,160	248	381	2,850
020 - WASHINGTON TWP	2.1955	1,829	24.9345	456	1,373	7.7266	106	1,267	185	415	3,111
021 - WESTCHESTER TWP	1.9105	1,591	26.8339	427	1,164	8.9725	104	1,060	341	348	2,603
022 - PORTAGE CITY-WESTCHESTER TWP	2.7627	2,301	23.5090	541	1,760	11.1149	196	1,564	68	513	3,843
023 - CHESTERTON-WESTCHESTER TWP	2.4437	2,035	24.2354	493	1,542	10.2129	157	1,385	130	454	3,401
024 - BURNS HARBOR (WESTCHESTER)	2.0556	1,712	25.6468	439	1,273	8.9667	114	1,159	253	380	2,846
025 - DUNE ARCES (WESTCHESTER)	2.2044	1,836	26.0172	478	1,358	10.6757	145	1,213	214	398	2,980
026 - PORTER TOWN (WESTCHESTER)	2.5433	2,118	24.7968	525	1,593	11.4929	183	1,410	116	463	3,463
027 - CHESTERTON-JACKSON TWP	2.3946	1,994	24.4156	487	1,507	10.1107	152	1,355	141	445	3,328
028 - PORTER TWP-W PORTER FIRE	2.1703	1,808	23.4060	423	1,384	7.9876	111	1,274	177	418	3,129
029 - VALPARAISO-WASHINGTON TWP	2.9997	2,498	23.3746	584	1,914	10.8982	209	1,706	53	560	4,190
Note:  Median Home Value for this county is from the 2000 U.S. Census.
Assessment-Sales Ratio is the median assessment to sales price ratio, from the State Equalization Study.
Counties with Assessment-Sales Ratios listed as "0" have studies that are incomplete.  Gross assessed values are assumed equal to home values.
Gross Assessed Value is the product of the Median Home Value and the Assessment Ratio.
Net Assessed Value is Gross Assessed Value less Deductions/Exemptions. Homestead deduction cannot exceed 50% of gross assessed value.
Tax Districts are areas within a county with particular combinations of government units.  The district Tax Rate is the sum of the tax rates of these units.
Gross Tax is the District Tax Rate times Net Assessed Value.
Property Tax Replacement Credit Dollars are the PTRC Rate times the Gross Tax; they are subtracted from the Gross Tax.
The Homestead Credit Rate is multiplied by the Tax After PTRC.  Homestead Credit dollars are subtracted from Tax After PTRC to get the Tax Bill.
Rank, All Districts is the rank, from highest to lowest net tax, among all of Indiana's 1,960 tax districts.
Net Tax, Half the Median Value is the tax bill calculation starting with a home value equal to half the county's median.
Net Tax, Twice the Median Value is the tax bill calculation starting with a home value equal to twice the county's median.
Prepared by Larry DeBoer, Agricultural Economics, Purdue University, using Indiana Department of Local
Government Finance rate information, available on the DLGF website, at www.in.gov/dlgf.