Chesterton Tribune

 

 

Porter County Auditor certifies taxable property values

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The Porter County Auditor’s Office has certified the net assessed values that will be used in the 2019 budgets and property tax bills.

Countywide, Porter County’s adjusted net assessed value totals $9.66 billion as of the certification date, an increase of 1.7%, or about $163 million, over the 2018 values, said Porter County Auditor Vicki Urbanik.

The Auditor’s Office certified the values three days earlier than last year and was one of 28 counties to certify by the August 1 deadline, according to the online submission log by the Indiana Department of Local Government Finance.

The certified values represent the assessed values adjusted for factors such as abatements, deductions, and TIF values. The certified values help determine the tax rates that will be applied to property tax bills the following year. “Because 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,” Urbanik said.

The certified values show the following:

* Porter County’s net taxable real property increased by an overall $103.6 million in net AV, while personal property jumped by $59.5 million.

* The certified values increased in 16 taxing districts, decreased in 14, and stayed the same in one other.

* The certified assessed value of Tax Increment Financing (TIF) districts in the county totals $789 million, an increase of $980,612, over 2018.

The certification came after the Porter County Auditor’s Office completed the annual TIF neutralization study. For the third year in a row, the Auditor’s Office completed the study in-house as a cost-saving measure. “Through careful planning and a teamwork approach, we were able to submit our initial TIF reports to the state 10 days earlier than last year,” Urbanik said.

The certified AVs are available online through the state’s information portal, Gateway, at www.in.gov/dlgf

The Auditor’s Office has also distributed the CNAV information to taxing units in Porter County.

 

Posted 8/6/2018

 
 
 
 

 

 

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