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