| 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. | ||||||||||