Martin 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 19,406,691 1,253,093 6.4570 254,840 998,253 5.1439 20.3
1978 20,284,413 1,294,639 6.3824 260,094 1,034,545 5.1002 20.1
1979 21,489,200 1,421,955 6.6171 286,259 1,135,696 5.2850 20.1
1980 31,982,533 1,432,431 4.4788 287,427 1,108,655 3.4664 20.1
1981 32,242,698 1,677,848 5.2038 336,237 1,341,611 4.1610 20.0
1982 33,672,453 1,840,847 5.4669 368,954 1,471,893 4.3712 20.0
1983 33,880,125 1,948,196 5.7503 390,354 1,557,842 4.5981 20.0
1984 34,826,276 1,911,931 5.4899 382,827 1,529,104 4.3907 20.0
1985 35,494,652 2,106,204 5.9339 398,804 1,707,400 4.8103 18.9
1986 36,179,232 2,263,802 6.2572 414,103 1,849,699 5.1126 18.3
1987 36,805,140 2,623,142 7.1271 462,050 2,161,092 5.8717 17.6
1988 36,700,371 2,666,877 7.2666 458,964 2,207,913 6.0161 17.2
1989 37,590,015 2,691,433 7.1600 477,201 2,214,232 5.8905 17.7
1990 52,181,804 3,210,114 6.1518 500,667 2,709,447 5.1923 15.6
1991 52,657,661 3,624,326 6.8828 534,799 3,089,527 5.8672 14.8
1992 51,792,512 4,282,554 8.2687 533,872 3,748,682 7.2379 12.5
1993 53,101,493 4,473,809 8.4250 592,619 3,881,190 7.3090 13.2
1994 54,040,046 4,632,113 8.5716 615,058 4,017,055 7.4335 13.3
1995 53,921,555 4,762,887 8.8330 623,354 4,139,533 7.6770 13.1
1996 61,742,379 5,129,581 8.3080 707,502 4,422,079 7.1621 13.8
1997 62,497,253 5,371,336 8.5945 760,648 4,610,688 7.3774 14.2
1998 64,145,390 5,520,595 8.6064 698,086 4,822,509 7.5181 12.6
1999 65,969,819 5,821,302 8.8242 798,405 5,022,897 7.6139 13.7
2000 65,042,782 5,818,126 8.9451 852,282 4,965,844 7.6347 14.6
2001 65,932,730 5,976,930 9.0652 866,102 5,110,828 7.7516 14.5
2002 209,169,703 6,118,136 2.9250 921,182 5,196,954 2.4846 15.1
2003 307,539,006 6,795,612 2.2097 1,905,924 4,889,688 1.5899 28.0
2004 318,031,377 7,318,628 2.3012 2,000,339 5,318,289 1.6723 27.3
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.