The Porter County
Auditorís Office has certified the net assessed values to be used in the
2018 budgets and property-tax bills.
adjusted net assessed value totals $9.49 billion as of the certification
date, an increase of 2.5 percent or about $233 million compared to the 2017
adjusted net AV, Auditor Vicki Urbanik reported today.
Office certified the values four days earlier than last year and was one of
the first 30 counties in the state to certify, according to the Indiana
Department of Local Government Finance online status map.
Urbanik said while
she is pleased with the early certification, she remains a strong proponent
of giving county auditors more time to certify after they receive the
assessorís data. The certified values represent the assessed values adjusted
for factors such as abatements and deductions, and help determine the tax
rates that will be applied to property-tax bills the following year.
ďBecause of the
impact on budgets and tax rates, I believe that certification of the net
assessed values is one of the most significant tasks that county auditors
handle every year,Ē Urbanik said.
values show that while Porter Countyís personal property values remain
relatively stable, real property assessed values jumped about 3.2 percent.
The certified values also show the following:
* While most taxing
districts saw their net assessed value increase, the values in 10 taxing
* The certified
assessed value of tax increment financing (TIF) districts totals $788
million, an increase of about $47 million.
* The values
include a new ďmunicipal tax exemptĒ taxing district for 2018 due to an
annexation by Valparaiso of agricultural property in Center Township.
With the values now
certified, local taxing units can use the data in their 2018 budget process,
the Auditorís Office said.
came after the Porter County Auditorís Office completed the annual TIF
neutralization study, which for the second year in row, Urbanik said, was
completed in-house by Auditorís Office as a cost-saving measure.
The certified AVs
are available online through the stateís information portal at