| Fayette County Property Tax Summary | ||||||||||
| Pay 1977 to Pay 2004 | ||||||||||
| Pay | Avg. Gross | Prop. Tax | Avg. Net | |||||||
| Year | Assessed Value | Gross Levy | Rate | Rep. Credits | Net Levy | Rate | PTRC % | |||
| 1977 | 71,198,050 | 5,847,927 | 8.2136 | 1,169,986 | 4,677,941 | 6.5703 | 20.0 | |||
| 1978 | 71,789,450 | 6,199,605 | 8.6358 | 1,240,256 | 4,959,349 | 6.9082 | 20.0 | |||
| 1979 | 75,251,340 | 6,560,080 | 8.7176 | 1,312,924 | 5,247,156 | 6.9728 | 20.0 | |||
| 1980 | 106,692,160 | 6,859,137 | 6.4289 | 1,371,981 | 5,297,607 | 4.9653 | 20.0 | |||
| 1981 | 115,058,770 | 7,592,556 | 6.5989 | 1,518,518 | 6,074,038 | 5.2791 | 20.0 | |||
| 1982 | 122,680,540 | 7,916,995 | 6.4533 | 1,585,911 | 6,331,084 | 5.1606 | 20.0 | |||
| 1983 | 122,492,400 | 8,322,530 | 6.7943 | 1,666,978 | 6,655,552 | 5.4334 | 20.0 | |||
| 1984 | 120,730,040 | 9,235,317 | 7.6496 | 1,849,487 | 7,385,830 | 6.1176 | 20.0 | |||
| 1985 | 121,944,210 | 9,898,533 | 8.1173 | 1,940,635 | 7,957,898 | 6.5259 | 19.6 | |||
| 1986 | 122,564,210 | 10,300,452 | 8.4041 | 2,032,916 | 8,267,536 | 6.7455 | 19.7 | |||
| 1987 | 121,726,840 | 10,889,019 | 8.9455 | 2,140,335 | 8,748,684 | 7.1871 | 19.7 | |||
| 1988 | 119,935,090 | 11,284,701 | 9.4090 | 2,171,735 | 9,112,966 | 7.5982 | 19.2 | |||
| 1989 | 120,411,350 | 11,114,573 | 9.2305 | 2,078,918 | 9,035,655 | 7.5040 | 18.7 | |||
| 1990 | 154,328,365 | 11,905,887 | 7.7146 | 2,175,153 | 9,730,734 | 6.3052 | 18.3 | |||
| 1991 | 157,202,045 | 13,331,789 | 8.4807 | 2,266,669 | 11,065,120 | 7.0388 | 17.0 | |||
| 1992 | 163,611,145 | 13,853,037 | 8.4670 | 2,391,890 | 11,461,147 | 7.0051 | 17.3 | |||
| 1993 | 171,983,520 | 15,235,263 | 8.8586 | 2,526,772 | 12,708,491 | 7.3894 | 16.6 | |||
| 1994 | 179,256,785 | 16,575,208 | 9.2466 | 2,671,819 | 13,903,389 | 7.7561 | 16.1 | |||
| 1995 | 183,095,500 | 18,293,997 | 9.9915 | 2,821,045 | 15,472,952 | 8.4508 | 15.4 | |||
| 1996 | 196,386,705 | 19,060,262 | 9.7055 | 3,007,357 | 16,052,905 | 8.1741 | 15.8 | |||
| 1997 | 196,385,060 | 18,843,276 | 9.5951 | 2,951,350 | 15,891,926 | 8.0922 | 15.7 | |||
| 1998 | 210,324,010 | 20,128,241 | 9.5701 | 3,098,827 | 17,029,414 | 8.0968 | 15.4 | |||
| 1999 | 203,473,205 | 20,312,225 | 9.9828 | 3,714,200 | 16,598,025 | 8.1574 | 18.3 | |||
| 2000 | 206,925,310 | 21,273,166 | 10.2806 | 3,602,911 | 17,670,255 | 8.5394 | 16.9 | |||
| 2001 | 204,408,275 | 21,524,106 | 10.5300 | 3,562,895 | 17,961,211 | 8.7869 | 16.6 | |||
| 2002 | 694,572,923 | 24,498,349 | 3.5271 | 4,009,752 | 20,488,597 | 2.9498 | 16.4 | |||
| 2003 | 860,126,993 | 27,007,300 | 3.1399 | 7,353,243 | 19,654,057 | 2.2850 | 27.2 | |||
| 2004 | 858,267,571 | 25,477,483 | 2.9685 | 7,010,863 | 18,466,620 | 2.1516 | 27.5 | |||
| Notes: Includes property taxes of all local governments within the county. Assessed Value was divided by three from 1977 through 2001. | ||||||||||
| Gross Tax Rate is Gross Levy, divided by Assessed Value, times one hundred. Net Tax Rate is Net Levy, divided by Assessed Value, | ||||||||||
| times one hundred. Both are expressed as "dollars per $100 assessed value." PTRC% is Property Tax Replacement Credits as a percentage | ||||||||||
| of the Gross Levy. Net Levy calculation does not include state and local homestead credits. | ||||||||||
| Pay year is the year property taxes are paid, on assessed values from the year before. | ||||||||||
| Source: Prepared by Larry DeBoer, Purdue University, from Indiana Legislative Services Agency, | ||||||||||
| Handbook of Taxes, Revenues and Appropriations, annual. | ||||||||||