Clay County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	72,600
Assessment-Sales Ratio	1.080
Gross Assessed Value	78,408
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	40,408
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 - BRAZIL TWP	1.9465	787	32.7103	257	529	15.5256	82	447	1,786	184	1,315
002 - BRAZIL CITY - BRAZIL TWP	2.6299	1,063	29.7586	316	746	17.3272	129	617	1,277	254	1,815
003 - CASS TWP	1.8691	755	33.1203	250	505	15.1376	76	429	1,817	176	1,260
004 - DICK JOHNSON TWP	1.8694	755	33.4066	252	503	15.5506	78	425	1,825	175	1,249
005 - HARRISON TWP	1.8578	751	33.0653	248	502	14.9107	75	428	1,819	176	1,257
006 - CLAY CITY TOWN	2.3984	969	31.4080	304	665	18.0304	120	545	1,495	224	1,602
007 - JACKSON TWP	1.8475	747	33.0478	247	500	14.7487	74	426	1,823	175	1,253
008 - BRAZIL CITY - JACKSON TWP	2.6110	1,055	29.8421	315	740	17.3234	128	612	1,292	251	1,799
009 - LEWIS TWP	1.9213	776	32.7458	254	522	11.9080	62	460	1,762	189	1,352
010 - PERRY TWP	1.8400	744	33.3434	248	496	15.0677	75	421	1,831	173	1,238
011 - POSEY TWP	1.8399	743	33.3716	248	495	15.1066	75	421	1,833	173	1,237
012 - BRAZIL CITY - POSEY TWP	2.6112	1,055	29.8649	315	740	17.3602	128	612	1,293	251	1,798
013 - STAUNTON TOWN	2.0718	837	32.5665	273	565	16.7320	94	470	1,743	193	1,382
014 - SUGAR RIDGE TWP	1.8357	742	33.3427	247	494	15.0083	74	420	1,834	173	1,236
015 - CENTER POINT TOWN	1.9700	796	32.8676	262	534	16.0286	86	449	1,781	184	1,319
016 - VAN BUREN TWP	1.8742	757	33.1576	251	506	15.2575	77	429	1,816	176	1,261
017 - CARBON TOWN	2.0779	840	32.2631	271	569	16.3624	93	476	1,723	195	1,399
018 - KNIGHTSVILLE TOWN	2.0395	824	32.3878	267	557	16.1301	90	467	1,749	192	1,374
019 - HARMONY TOWN	2.2199	897	29.7405	267	630	14.2433	90	540	1,507	222	1,589
020 - WASHINGTON TWP	1.8265	738	33.4428	247	491	15.0250	74	417	1,837	172	1,227
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.