Benton County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	75,000
Assessment-Sales Ratio	1.056
Gross Assessed Value	79,200
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	41,200
Tax Rate, Credits and Tax Bill
Tax District	Tax Rate	Gross Tax	PTRC Rate	PTRC	Gross Tax - PTRC	State/Local Homestead Credit Rate	Home- stead Credit	Net Tax	Rank Among All 1,960 Districts	Net Tax, Half the Median Home Value	Net Tax, Twice the Median Home Value
001 - Bolivar TWP	2.0202	832	32.1895	268	564	12.4817	70	494	1,682	201	1,443
002 - Otterbein (Bolivar)	2.5321	1,043	30.3736	317	726	15.0894	110	617	1,278	251	1,802
003 - Center TWP	1.8647	768	35.0645	269	499	14.3562	72	427	1,820	174	1,249
004 - Fowler (Center)	2.8749	1,184	30.3400	359	825	17.4045	144	681	1,025	278	1,992
005 - Gilboa TWP	2.0796	857	37.4919	321	536	12.7369	68	467	1,748	191	1,366
006 - Grant TWP	1.9221	792	34.4049	272	519	14.2601	74	445	1,789	182	1,302
007 - Boswell (Grant)	2.8203	1,162	30.3880	353	809	17.1338	139	670	1,079	273	1,959
008 - Hickory Grove TWP	1.9499	803	34.4865	277	526	14.7730	78	449	1,782	183	1,311
009 - Ambia (Hickory Grove)	2.7530	1,134	31.3631	356	779	18.0716	141	638	1,212	260	1,864
010 - Oak Grove TWP	1.9229	792	34.6622	275	518	14.6428	76	442	1,795	180	1,291
011 - Oxford (Oak Grove)	2.6685	1,099	31.2239	343	756	17.2900	131	625	1,248	255	1,828
012 - Parish Grove TWP	1.8257	752	35.5426	267	485	14.4353	70	415	1,847	169	1,212
013 - Pine TWP	1.8385	757	35.2338	267	491	14.1907	70	421	1,830	172	1,230
014 - Richland TWP	1.8735	772	35.1656	271	500	14.6391	73	427	1,821	174	1,248
015 - Earl Park (Richland)	2.4845	1,024	32.2425	330	694	17.3222	120	573	1,394	234	1,676
016 - Union TWP	1.8216	750	35.5531	267	484	14.3839	70	414	1,850	169	1,210
017 - York TWP	2.0924	862	32.8008	283	579	12.3162	71	508	1,640	207	1,484
Note:  Median Home Value for this county is from the 2000 U.S. Census.
Assessment-Sales Ratio is the median assessment to sales price ratio, from the State Equalization Study.
Counties with Assessment-Sales Ratios listed as "0" have studies that are incomplete.  Gross assessed values are assumed equal to home values.
Gross Assessed Value is the product of the Median Home Value and the Assessment Ratio.
Net Assessed Value is Gross Assessed Value less Deductions/Exemptions. Homestead deduction cannot exceed 50% of gross assessed value.
Tax Districts are areas within a county with particular combinations of government units.  The district Tax Rate is the sum of the tax rates of these units.
Gross Tax is the District Tax Rate times Net Assessed Value.
Property Tax Replacement Credit Dollars are the PTRC Rate times the Gross Tax; they are subtracted from the Gross Tax.
The Homestead Credit Rate is multiplied by the Tax After PTRC.  Homestead Credit dollars are subtracted from Tax After PTRC to get the Tax Bill.
Rank, All Districts is the rank, from highest to lowest net tax, among all of Indiana's 1,960 tax districts.
Net Tax, Half the Median Value is the tax bill calculation starting with a home value equal to half the county's median.
Net Tax, Twice the Median Value is the tax bill calculation starting with a home value equal to twice the county's median.
Prepared by Larry DeBoer, Agricultural Economics, Purdue University, using Indiana Department of Local
Government Finance rate information, available on the DLGF website, at www.in.gov/dlgf.