County Assessor

Inheritance Tax

The LaPorte County Inheritance Tax Division's main function is to determine the inheritance tax liability of each heir or beneficiary in a decedent's estate. Estate: Under the Internal Revenue Code, the value of a decedent's gross estate is determined by including the value, at the time of death, of all real and personal property, including tangible and intangible property, wherever situated [26USCS-2031(a)].

It includes the value of all property to the extent of the decedent's interest in it at the time of death. The taxable estate consists of the gross estate minus certain deductions for expenses, debt taxes, losses, charitable gifts, and bequests to the surviving spouse. [26 USCS-2051]

Rates and Exemptions

The History of Inheritance Tax