Brown County Property Tax Bills by Tax District
Pay 2003
Assessment and Deductions
Median Home Value, 2000 Census	114,500
Assessment-Sales Ratio	0.000
Gross Assessed Value	114,500
Homestead Deduction	35,000
Mortgage Deduction	3,001
Net Assessed Value	76,499
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 - HAMBLEN TWP	0.9610	735	33.8640	249	486	15.0869	73	413	1,852	138	1,031
002 - JACKSON TWP	0.9640	737	33.7522	249	489	15.0070	73	415	1,845	139	1,037
003 - VAN BUREN TWP	0.9654	739	33.8332	250	489	15.1606	74	415	1,848	139	1,035
004 - WASHINGTON TWP	0.9700	742	33.4784	248	494	14.7744	73	421	1,832	141	1,050
005 - NASHVILLE TOWN	1.1969	916	31.1100	285	631	16.1817	102	529	1,557	177	1,320
006 - HAMBLEN FIRE DISTRICT	0.9719	743	33.8966	252	491	15.4242	76	416	1,843	139	1,038
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.