| Franklin 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 | 30,180,894 | 2,523,153 | 8.3601 | 504,845 | 2,018,308 | 6.6874 | 20.0 | |||
| 1978 | 31,594,910 | 2,640,635 | 8.3578 | 528,234 | 2,112,401 | 6.6859 | 20.0 | |||
| 1979 | 34,027,670 | 2,741,112 | 8.0555 | 548,280 | 2,192,832 | 6.4443 | 20.0 | |||
| 1980 | 57,447,500 | 2,872,138 | 4.9996 | 574,661 | 2,217,184 | 3.8595 | 20.0 | |||
| 1981 | 60,240,130 | 3,187,247 | 5.2909 | 637,479 | 2,549,768 | 4.2327 | 20.0 | |||
| 1982 | 63,074,890 | 3,472,110 | 5.5047 | 695,928 | 2,776,182 | 4.4014 | 20.0 | |||
| 1983 | 63,724,670 | 3,770,826 | 5.9174 | 755,700 | 3,015,126 | 4.7315 | 20.0 | |||
| 1984 | 64,754,420 | 3,754,267 | 5.7977 | 752,045 | 3,002,222 | 4.6363 | 20.0 | |||
| 1985 | 66,525,690 | 4,398,537 | 6.6118 | 795,667 | 3,602,870 | 5.4158 | 18.1 | |||
| 1986 | 67,635,700 | 4,588,270 | 6.7838 | 806,490 | 3,781,780 | 5.5914 | 17.6 | |||
| 1987 | 68,755,560 | 4,958,871 | 7.2123 | 875,266 | 4,083,605 | 5.9393 | 17.7 | |||
| 1988 | 70,177,570 | 5,132,538 | 7.3136 | 888,242 | 4,244,296 | 6.0479 | 17.3 | |||
| 1989 | 72,307,240 | 4,939,440 | 6.8312 | 1,013,456 | 3,925,984 | 5.4296 | 20.5 | |||
| 1990 | 106,326,340 | 5,470,295 | 5.1448 | 1,023,846 | 4,446,449 | 4.1819 | 18.7 | |||
| 1991 | 108,721,460 | 6,252,379 | 5.7508 | 1,082,242 | 5,170,137 | 4.7554 | 17.3 | |||
| 1992 | 110,609,850 | 6,875,905 | 6.2164 | 1,021,121 | 5,854,784 | 5.2932 | 14.9 | |||
| 1993 | 112,863,430 | 7,202,021 | 6.3812 | 1,126,257 | 6,075,764 | 5.3833 | 15.6 | |||
| 1994 | 118,398,570 | 7,824,723 | 6.6088 | 1,203,553 | 6,621,170 | 5.5923 | 15.4 | |||
| 1995 | 120,916,160 | 8,234,251 | 6.8099 | 1,279,680 | 6,954,571 | 5.7516 | 15.5 | |||
| 1996 | 139,237,390 | 9,138,315 | 6.5631 | 1,466,770 | 7,671,545 | 5.5097 | 16.1 | |||
| 1997 | 139,237,390 | 9,152,420 | 6.5732 | 1,388,867 | 7,763,553 | 5.5758 | 15.2 | |||
| 1998 | 146,015,665 | 10,058,148 | 6.8884 | 1,524,211 | 8,533,937 | 5.8445 | 15.2 | |||
| 1999 | 158,035,411 | 10,744,184 | 6.7986 | 1,727,362 | 9,016,822 | 5.7056 | 16.1 | |||
| 2000 | 167,782,986 | 11,687,513 | 6.9659 | 1,848,950 | 9,838,563 | 5.8639 | 15.8 | |||
| 2001 | 175,627,264 | 12,746,585 | 7.2577 | 2,023,573 | 10,723,012 | 6.1056 | 15.9 | |||
| 2002 | 513,893,958 | 12,596,552 | 2.4512 | 2,174,609 | 10,421,943 | 2.0280 | 17.3 | |||
| 2003 | 859,383,533 | 14,313,173 | 1.6655 | 4,526,298 | 9,786,875 | 1.1388 | 31.6 | |||
| 2004 | N/A | |||||||||
| 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. | ||||||||||