Spencer 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	44,137,670	2,867,342	6.4964	575,381	2,291,961	5.1928	20.1
1978	48,140,765	3,000,546	6.2329	600,620	2,399,926	4.9852	20.0
1979	54,557,907	3,244,214	5.9464	651,913	2,592,301	4.7515	20.1
1980	95,971,440	3,447,290	3.5920	690,015	2,693,136	2.8062	20.0
1981	113,899,110	4,100,285	3.5999	820,431	3,279,854	2.8796	20.0
1982	125,743,130	4,566,227	3.6314	915,761	3,650,466	2.9031	20.1
1983	138,056,930	5,361,691	3.8837	1,075,978	4,285,713	3.1043	20.1
1984	146,390,590	6,027,339	4.1173	1,208,751	4,818,588	3.2916	20.1
1985	189,560,600	6,733,515	3.5522	1,195,512	5,538,003	2.9215	17.8
1986	205,595,780	7,874,988	3.8303	1,381,704	6,493,284	3.1583	17.5
1987	264,774,270	9,392,733	3.5474	1,549,936	7,842,797	2.9621	16.5
1988	260,205,860	10,094,191	3.8793	1,698,615	8,395,576	3.2265	16.8
1989	265,391,700	11,371,193	4.2847	1,900,922	9,470,271	3.5684	16.7
1990	273,786,290	10,637,619	3.8854	1,841,262	8,796,357	3.2129	17.3
1991	270,998,590	11,752,696	4.3368	1,981,874	9,770,822	3.6055	16.9
1992	317,835,120	13,528,587	4.2565	2,259,539	11,269,048	3.5456	16.7
1993	317,165,750	15,668,012	4.9400	2,455,735	13,212,277	4.1657	15.7
1994	302,821,940	16,382,842	5.4101	2,463,845	13,918,997	4.5964	15.0
1995	277,186,220	17,106,320	6.1714	2,392,421	14,713,899	5.3083	14.0
1996	294,255,990	18,572,689	6.3117	2,799,470	15,773,219	5.3604	15.1
1997	296,228,590	19,059,314	6.4340	2,600,610	16,458,704	5.5561	13.6
1998	297,392,200	20,002,317	6.7259	2,635,998	17,366,319	5.8395	13.2
1999	302,019,520	20,618,385	6.8268	2,806,908	17,811,477	5.8975	13.6
2000	311,148,250	21,330,782	6.8555	2,907,557	18,423,225	5.9210	13.6
2001	338,936,600	23,383,865	6.8992	3,457,968	19,925,897	5.8789	14.8
2002	1,057,865,660	24,624,937	2.3278	3,567,371	21,057,566	1.9906	14.5
2003	1,240,823,880	27,830,126	2.2429	7,803,725	20,026,401	1.6140	28.0
2004	1,234,812,336	29,115,196	2.3579	7,784,519	21,330,677	1.7274	26.7
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.