| Hancock 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 | 97,159,940 | 7,682,608 | 7.9072 | 1,641,347 | 6,041,261 | 6.2179 | 21.4 | |||
| 1978 | 102,029,630 | 8,091,132 | 7.9302 | 1,730,225 | 6,360,907 | 6.2344 | 21.4 | |||
| 1979 | 109,257,700 | 8,693,118 | 7.9565 | 1,847,036 | 6,846,082 | 6.2660 | 21.2 | |||
| 1980 | 161,833,324 | 9,074,403 | 5.6073 | 1,931,737 | 6,754,015 | 4.1734 | 21.3 | |||
| 1981 | 174,523,140 | 10,871,967 | 6.2295 | 2,289,419 | 8,582,548 | 4.9177 | 21.1 | |||
| 1982 | 177,343,490 | 11,592,566 | 6.5368 | 2,453,473 | 9,139,093 | 5.1533 | 21.2 | |||
| 1983 | 180,700,370 | 11,998,563 | 6.6400 | 2,560,693 | 9,437,870 | 5.2229 | 21.3 | |||
| 1984 | 182,588,690 | 12,666,559 | 6.9372 | 2,745,995 | 9,920,564 | 5.4333 | 21.7 | |||
| 1985 | 186,172,020 | 13,466,030 | 7.2331 | 3,150,857 | 10,315,173 | 5.5407 | 23.4 | |||
| 1986 | 189,857,390 | 14,127,933 | 7.4413 | 2,884,088 | 11,243,845 | 5.9223 | 20.4 | |||
| 1987 | 196,652,470 | 14,002,679 | 7.1205 | 2,962,502 | 11,040,177 | 5.6141 | 21.2 | |||
| 1988 | 201,363,000 | 15,641,405 | 7.7678 | 3,120,795 | 12,520,610 | 6.2179 | 20.0 | |||
| 1989 | 211,447,660 | 16,788,051 | 7.9396 | 3,306,860 | 13,481,191 | 6.3757 | 19.7 | |||
| 1990 | 291,676,120 | 17,516,104 | 6.0053 | 3,385,159 | 14,130,945 | 4.8447 | 19.3 | |||
| 1991 | 301,967,735 | 20,124,020 | 6.6643 | 3,827,867 | 16,296,153 | 5.3967 | 19.0 | |||
| 1992 | 316,054,535 | 22,682,762 | 7.1769 | 3,764,204 | 18,918,558 | 5.9859 | 16.6 | |||
| 1993 | 330,564,485 | 24,656,057 | 7.4588 | 4,027,078 | 20,628,979 | 6.2405 | 16.3 | |||
| 1994 | 342,472,185 | 26,933,983 | 7.8646 | 3,918,460 | 23,015,523 | 6.7204 | 14.5 | |||
| 1995 | 356,858,100 | 28,572,716 | 8.0067 | 4,343,524 | 24,229,192 | 6.7896 | 15.2 | |||
| 1996 | 407,456,575 | 31,957,236 | 7.8431 | 4,623,699 | 27,333,537 | 6.7083 | 14.5 | |||
| 1997 | 427,023,795 | 34,309,189 | 8.0345 | 4,829,133 | 29,480,056 | 6.9036 | 14.1 | |||
| 1998 | 450,940,680 | 35,852,193 | 7.9505 | 4,883,335 | 30,968,858 | 6.8676 | 13.6 | |||
| 1999 | 467,579,045 | 36,895,820 | 7.8908 | 5,218,791 | 31,677,029 | 6.7747 | 14.1 | |||
| 2000 | 498,271,010 | 40,185,876 | 8.0651 | 5,864,696 | 34,321,180 | 6.8881 | 14.6 | |||
| 2001 | 519,489,195 | 42,475,869 | 8.1765 | 6,055,541 | 36,420,328 | 7.0108 | 14.3 | |||
| 2002 | 1,616,307,715 | 48,450,540 | 2.9976 | 6,698,285 | 41,752,255 | 2.5832 | 13.8 | |||
| 2003 | 2,507,298,420 | 52,259,908 | 2.0843 | 13,519,072 | 38,740,836 | 1.5451 | 25.9 | |||
| 2004 | 2,851,509,330 | 57,674,021 | 2.0226 | 14,502,474 | 43,171,547 | 1.5140 | 25.1 | |||
| 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. | ||||||||||