| Montgomery 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 | 119,969,930 | 8,522,248 | 7.1037 | 1,710,582 | 6,811,666 | 5.6778 | 20.1 | |||
| 1978 | 125,360,840 | 8,699,273 | 6.9394 | 1,745,420 | 6,953,853 | 5.5471 | 20.1 | |||
| 1979 | 130,947,100 | 9,150,369 | 6.9878 | 1,833,241 | 7,317,128 | 5.5879 | 20.0 | |||
| 1980 | 174,196,885 | 9,464,537 | 5.4332 | 1,896,834 | 7,357,091 | 4.2234 | 20.0 | |||
| 1981 | 185,260,730 | 10,033,451 | 5.4159 | 2,006,692 | 8,026,759 | 4.3327 | 20.0 | |||
| 1982 | 189,800,350 | 10,312,095 | 5.4331 | 2,067,821 | 8,244,274 | 4.3437 | 20.1 | |||
| 1983 | 193,190,270 | 10,860,672 | 5.6217 | 2,176,838 | 8,683,834 | 4.4950 | 20.0 | |||
| 1984 | 195,056,570 | 12,301,596 | 6.3067 | 2,464,503 | 9,837,093 | 5.0432 | 20.0 | |||
| 1985 | 204,775,660 | 13,119,508 | 6.4068 | 2,500,596 | 10,618,912 | 5.1856 | 19.1 | |||
| 1986 | 212,475,135 | 13,800,273 | 6.4950 | 2,425,655 | 11,374,618 | 5.3534 | 17.6 | |||
| 1987 | 216,728,540 | 16,071,885 | 7.4157 | 2,599,621 | 13,472,264 | 6.2162 | 16.2 | |||
| 1988 | 214,074,746 | 17,606,120 | 8.2243 | 2,673,425 | 14,932,695 | 6.9755 | 15.2 | |||
| 1989 | 218,202,947 | 18,529,724 | 8.4920 | 2,790,931 | 15,738,793 | 7.2129 | 15.1 | |||
| 1990 | 280,050,390 | 19,616,291 | 7.0046 | 2,887,776 | 16,728,515 | 5.9734 | 14.7 | |||
| 1991 | 287,343,035 | 22,476,031 | 7.8220 | 3,299,429 | 19,176,602 | 6.6738 | 14.7 | |||
| 1992 | 311,782,940 | 25,004,147 | 8.0197 | 3,208,634 | 21,795,513 | 6.9906 | 12.8 | |||
| 1993 | 312,643,400 | 27,963,999 | 8.9444 | 3,350,499 | 24,613,500 | 7.8727 | 12.0 | |||
| 1994 | 326,145,498 | 29,787,230 | 9.1331 | 3,810,848 | 25,976,382 | 7.9647 | 12.8 | |||
| 1995 | 334,669,138 | 30,901,574 | 9.2335 | 3,787,968 | 27,113,606 | 8.1016 | 12.3 | |||
| 1996 | 396,575,845 | 32,166,683 | 8.1111 | 3,896,583 | 28,270,100 | 7.1285 | 12.1 | |||
| 1997 | 400,289,143 | 33,691,986 | 8.4169 | 4,013,519 | 29,678,467 | 7.4143 | 11.9 | |||
| 1998 | 404,141,909 | 34,539,205 | 8.5463 | 4,038,189 | 30,501,016 | 7.5471 | 11.7 | |||
| 1999 | 436,082,360 | 36,469,903 | 8.3631 | 4,452,966 | 32,016,937 | 7.3419 | 12.2 | |||
| 2000 | 437,862,776 | 37,938,367 | 8.6644 | 4,381,356 | 33,557,011 | 7.6638 | 11.5 | |||
| 2001 | 446,837,640 | 41,449,594 | 9.2762 | 4,893,766 | 36,555,828 | 8.1810 | 11.8 | |||
| 2002 | 1,334,936,586 | 42,001,579 | 3.1463 | 4,986,005 | 37,015,574 | 2.7728 | 11.9 | |||
| 2003 | 1,880,668,332 | 48,299,742 | 2.5682 | 10,424,233 | 37,875,509 | 2.0139 | 21.6 | |||
| 2004 | 1,975,522,186 | 48,509,533 | 2.4555 | 10,645,769 | 37,863,764 | 1.9166 | 21.9 | |||
| 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. | ||||||||||