| Monroe 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 | 199,608,015 | 17,289,311 | 8.6616 | 3,472,660 | 13,816,651 | 6.9219 | 20.1 | |||
| 1978 | 203,053,980 | 17,446,131 | 8.5919 | 3,506,509 | 13,939,622 | 6.8650 | 20.1 | |||
| 1979 | 210,017,880 | 18,148,263 | 8.6413 | 3,630,315 | 14,517,948 | 6.9127 | 20.0 | |||
| 1980 | 289,005,050 | 18,972,630 | 6.5648 | 3,804,158 | 14,527,791 | 5.0268 | 20.1 | |||
| 1981 | 304,653,240 | 20,293,239 | 6.6611 | 4,059,439 | 16,233,800 | 5.3286 | 20.0 | |||
| 1982 | 321,734,512 | 21,728,767 | 6.7536 | 4,359,627 | 17,369,140 | 5.3986 | 20.1 | |||
| 1983 | 328,210,439 | 23,459,804 | 7.1478 | 4,699,629 | 18,760,175 | 5.7159 | 20.0 | |||
| 1984 | 349,093,453 | 25,195,520 | 7.2174 | 5,046,087 | 20,149,433 | 5.7719 | 20.0 | |||
| 1985 | 359,308,401 | 26,675,437 | 7.4241 | 5,239,162 | 21,436,275 | 5.9660 | 19.6 | |||
| 1986 | 375,442,124 | 31,765,358 | 8.4608 | 5,627,541 | 26,137,817 | 6.9619 | 17.7 | |||
| 1987 | 386,647,995 | 33,881,451 | 8.7629 | 5,916,527 | 27,964,924 | 7.2327 | 17.5 | |||
| 1988 | 396,294,631 | 35,739,182 | 9.0183 | 6,019,539 | 29,719,643 | 7.4994 | 16.8 | |||
| 1989 | 411,126,663 | 37,439,891 | 9.1067 | 6,223,785 | 31,216,106 | 7.5928 | 16.6 | |||
| 1990 | 528,164,552 | 40,618,738 | 7.6905 | 6,880,598 | 33,738,140 | 6.3878 | 16.9 | |||
| 1991 | 598,235,239 | 47,136,222 | 7.8792 | 7,392,965 | 39,743,257 | 6.6434 | 15.7 | |||
| 1992 | 637,824,097 | 52,058,886 | 8.1620 | 7,427,532 | 44,631,354 | 6.9974 | 14.3 | |||
| 1993 | 657,482,326 | 57,000,419 | 8.6695 | 7,884,852 | 49,115,567 | 7.4702 | 13.8 | |||
| 1994 | 669,362,493 | 62,346,984 | 9.3144 | 8,389,544 | 53,957,440 | 8.0610 | 13.5 | |||
| 1995 | 693,955,492 | 65,509,684 | 9.4400 | 9,084,461 | 56,425,223 | 8.1310 | 13.9 | |||
| 1996 | 782,776,694 | 70,449,590 | 9.0000 | 9,293,806 | 61,155,784 | 7.8127 | 13.2 | |||
| 1997 | 808,907,740 | 76,034,713 | 9.3997 | 9,757,145 | 66,277,568 | 8.1935 | 12.8 | |||
| 1998 | 850,434,763 | 80,154,093 | 9.4251 | 9,379,558 | 70,774,535 | 8.3222 | 11.7 | |||
| 1999 | 896,041,300 | 84,498,388 | 9.4302 | 11,482,126 | 73,016,262 | 8.1488 | 13.6 | |||
| 2000 | 913,542,592 | 89,086,976 | 9.7518 | 11,726,195 | 77,360,781 | 8.4682 | 13.2 | |||
| 2001 | 950,706,056 | 87,534,521 | 9.2073 | 11,879,826 | 75,654,695 | 7.9577 | 13.6 | |||
| 2002 | 2,957,413,767 | 91,400,911 | 3.0906 | 12,506,725 | 78,894,186 | 2.6677 | 13.7 | |||
| 2003 | 4,877,459,773 | 103,973,372 | 2.1317 | 25,869,459 | 78,103,913 | 1.6013 | 24.9 | |||
| 2004 | 4,819,193,574 | 111,061,390 | 2.3046 | 28,184,017 | 82,877,373 | 1.7197 | 25.4 | |||
| 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. | ||||||||||