| Knox 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 | 85,701,160 | 7,653,788 | 8.9308 | 1,531,116 | 6,122,672 | 7.1442 | 20.0 | |||
| 1978 | 91,312,420 | 8,041,030 | 8.8061 | 1,608,570 | 6,432,460 | 7.0445 | 20.0 | |||
| 1979 | 98,182,550 | 8,312,529 | 8.4664 | 1,663,042 | 6,649,487 | 6.7726 | 20.0 | |||
| 1980 | 136,443,230 | 8,792,210 | 6.4439 | 1,758,602 | 6,794,020 | 4.9794 | 20.0 | |||
| 1981 | 145,603,810 | 9,480,766 | 6.5113 | 1,896,320 | 7,584,446 | 5.2090 | 20.0 | |||
| 1982 | 149,328,570 | 10,406,066 | 6.9686 | 2,085,732 | 8,320,334 | 5.5718 | 20.0 | |||
| 1983 | 151,731,290 | 11,687,349 | 7.7027 | 2,340,935 | 9,346,414 | 6.1598 | 20.0 | |||
| 1984 | 152,925,330 | 12,215,831 | 7.9881 | 2,435,191 | 9,780,640 | 6.3957 | 19.9 | |||
| 1985 | 156,208,230 | 12,971,169 | 8.3038 | 2,515,338 | 10,455,831 | 6.6935 | 19.4 | |||
| 1986 | 164,684,850 | 13,789,164 | 8.3731 | 2,600,355 | 11,188,809 | 6.7941 | 18.9 | |||
| 1987 | 160,205,536 | 14,738,018 | 9.1994 | 2,709,742 | 12,028,276 | 7.5080 | 18.4 | |||
| 1988 | 157,481,805 | 16,693,818 | 10.6005 | 2,695,568 | 13,998,250 | 8.8888 | 16.1 | |||
| 1989 | 159,831,870 | 17,772,325 | 11.1194 | 2,798,525 | 14,973,800 | 9.3685 | 15.7 | |||
| 1990 | 196,407,886 | 18,340,469 | 9.3379 | 2,931,317 | 15,409,152 | 7.8455 | 16.0 | |||
| 1991 | 192,650,510 | 19,093,199 | 9.9108 | 2,906,694 | 16,186,505 | 8.4020 | 15.2 | |||
| 1992 | 192,399,410 | 20,246,212 | 10.5230 | 3,154,804 | 17,091,408 | 8.8833 | 15.6 | |||
| 1993 | 199,223,260 | 21,062,123 | 10.5721 | 3,242,281 | 17,819,842 | 8.9447 | 15.4 | |||
| 1994 | 207,157,600 | 21,754,451 | 10.5014 | 3,406,540 | 18,347,911 | 8.8570 | 15.7 | |||
| 1995 | 211,784,360 | 23,082,172 | 10.8989 | 3,464,350 | 19,617,822 | 9.2631 | 15.0 | |||
| 1996 | 268,170,850 | 24,332,840 | 9.0736 | 3,596,260 | 20,736,580 | 7.7326 | 14.8 | |||
| 1997 | 260,788,660 | 25,853,004 | 9.9134 | 3,880,990 | 21,972,014 | 8.4252 | 15.0 | |||
| 1998 | 266,161,050 | 24,757,759 | 9.3018 | 4,166,000 | 20,591,759 | 7.7366 | 16.8 | |||
| 1999 | 272,480,870 | 28,046,849 | 10.2931 | 4,335,337 | 23,711,512 | 8.7021 | 15.5 | |||
| 2000 | 273,254,000 | 28,018,313 | 10.2536 | 4,320,501 | 23,697,812 | 8.6724 | 15.4 | |||
| 2001 | 279,365,170 | 29,573,968 | 10.5861 | 4,555,175 | 25,018,793 | 8.9556 | 15.4 | |||
| 2002 | 858,558,080 | 31,381,168 | 3.6551 | 4,796,056 | 26,585,112 | 3.0965 | 15.3 | |||
| 2003 | 1,379,993,987 | 33,452,300 | 2.4241 | 9,006,532 | 24,445,768 | 1.7714 | 26.9 | |||
| 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. | ||||||||||