City’s assessed value outperforms four peer cities

An analysis of Indiana city tax bases heading into 2020 finds that Logansport’s tax base experienced the third best performance of its seven-city peer group in 2019.

Logansport’s assessed value rose from $390,344,990 to $395,764,287. That’s an increase of $5.4 million or 1.4 percent. That growth is greater than corresponding figures for Huntington, New Castle, Vincennes and Shelbyville, which experienced a $70 million drop in assessed value. Seymour led the group with growth of $13.05 million and Frankfort was second at $11.1 million. New Castle and Vincennes also posted negative growth for the year.

The cities represent the six closest to Logansport in population. Seymour replaces Shelbyville as the assessed value leader of the group with $857 million followed by Frankfort, Huntington, Vincennes and Logansport. New Castle remains the lowest at $377 million.

SOURCE: News release from the Office of Logansport Mayor Dave Kitchell