Blackford County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	58,900
Assessment-Sales Ratio	1.024
Gross Assessed Value	60,314
Homestead Deduction	30,157
Mortgage Deduction	3,000
Net Assessed Value	27,157
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 - HARRISON TWP	2.7516	747	24.6732	184	563	9.4981	53	509	1,630	227	1,550
002 - MONTPELIER CITY	3.5370	961	23.2597	223	737	11.4907	85	652	1,159	290	1,985
003 - JACKSON TWP	2.6474	719	24.7656	178	541	8.9496	48	492	1,688	219	1,498
004 - DUNKIRK CITY (SHADYSIDE)	3.7916	1,030	25.9372	267	763	15.8653	121	642	1,200	285	1,952
005 - LICKING TWP	2.6891	730	24.6923	180	550	9.1323	50	500	1,659	222	1,520
006 - HARTFORD CITY	3.8673	1,050	23.0119	242	809	12.2823	99	709	943	315	2,158
007 - SHAMROCK LAKES TOWN	3.0854	838	24.4116	205	633	10.9895	70	564	1,430	251	1,715
008 - WASHINGTON TWP	2.6500	720	24.7627	178	541	8.9632	49	493	1,685	219	1,500
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.