Boone County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	131,100
Assessment-Sales Ratio	0.933
Gross Assessed Value	122,316
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	84,316
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 - CENTER TWP	2.2022	1,857	23.3847	434	1,423	6.8153	97	1,326	156	434	3,249
002 - LEBANON CITY	2.6273	2,215	22.0896	489	1,726	8.1730	141	1,585	63	518	3,884
003 - ULEN TOWN	2.3666	1,995	22.9696	458	1,537	7.5636	116	1,421	112	465	3,482
004 - CLINTON TWP	1.6944	1,429	28.4761	407	1,022	8.0826	83	939	480	307	2,302
005 - EAGLE TWP	2.2382	1,887	16.7885	317	1,570	4.3803	69	1,502	85	491	3,680
006 - ZIONSVILLE TOWN	2.6206	2,210	15.7008	347	1,863	4.9856	93	1,770	40	579	4,337
007 - HARRISON TWP	1.6906	1,425	28.4953	406	1,019	8.0526	82	937	490	307	2,297
008 - JACKSON TWP	1.7060	1,438	28.3628	408	1,030	8.1044	84	947	462	310	2,321
009 - ADVANCE TOWN	2.4302	2,049	23.9579	491	1,558	9.6180	150	1,408	117	461	3,451
010 - JAMESTOWN TOWN	2.1986	1,854	24.1336	447	1,406	8.1795	115	1,291	172	422	3,165
011 - JEFFERSON TWP	1.8422	1,553	26.9262	418	1,135	8.0807	92	1,043	357	341	2,557
012 - MARION TWP	1.5992	1,348	33.8066	456	893	9.8652	88	804	706	263	1,972
013 - PERRY TWP	2.0023	1,688	24.3429	411	1,277	6.1354	78	1,199	220	392	2,938
014 - SUGAR CREEK TWP	1.9082	1,609	26.3433	424	1,185	8.1179	96	1,089	313	356	2,668
015 - THORNTOWN TOWN	2.2188	1,871	25.3106	474	1,397	9.7288	136	1,261	188	413	3,091
016 - UNION TWP	2.2469	1,895	16.8439	319	1,575	4.4822	71	1,505	84	492	3,688
017 - WASHINGTON TWP	1.8388	1,550	26.9633	418	1,132	8.0858	92	1,041	359	340	2,551
018 - WORTH TWP	2.1115	1,780	22.9916	409	1,371	5.6199	77	1,294	170	423	3,171
019 - WHITESTOWN TOWN	2.3944	2,019	22.8572	461	1,557	7.6252	119	1,439	105	471	3,526
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.