Clinton County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	85,000
Assessment-Sales Ratio	0.945
Gross Assessed Value	80,325
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	42,325
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	1.9646	832	27.2544	227	605	8.5681	52	553	1,460	223	1,603
003 - FOREST TWP	1.8419	780	30.2899	236	543	10.9156	59	484	1,709	195	1,403
004 - JACKSON TWP	1.9500	825	27.2065	225	601	8.5325	51	550	1,474	222	1,592
005 - JOHNSON TWP	1.8840	797	30.2111	241	556	11.3449	63	493	1,683	199	1,430
006 - KIRKLIN TWP	1.9205	813	28.8662	235	578	10.0523	58	520	1,594	210	1,507
007 - KIRLIN TOWN	2.5208	1,067	27.2354	291	776	13.2515	103	673	1,062	272	1,952
008 - MADISON TWP	1.9904	842	26.8790	226	616	8.5676	53	563	1,432	227	1,632
009 - MULBERRY TOWN	2.4423	1,034	26.0493	269	764	11.3866	87	677	1,037	273	1,963
010 - MICHIGAN TWP	1.7967	760	30.6770	233	527	10.8199	57	470	1,742	190	1,362
011 - MICHIGANTOWN TOWN	2.1738	920	28.8604	266	655	12.6560	83	572	1,401	231	1,657
012 - OWEN TWP	2.1709	919	25.0727	230	688	8.5680	59	629	1,232	254	1,824
013 - PERRY TWP	2.0108	851	26.5464	226	625	8.3771	52	573	1,398	231	1,660
014 - COLFAX TOWN	3.1752	1,344	25.3025	340	1,004	14.3107	144	860	601	347	2,493
015 - ROSS TWP	2.1658	917	24.8623	228	689	8.2773	57	632	1,229	255	1,831
016 - ROSSVILLE TOWN	2.5049	1,060	24.5263	260	800	10.3364	83	717	923	290	2,079
017 - SUGAR CREEK TWP	1.7822	754	30.7637	232	522	10.7332	56	466	1,750	188	1,351
018 - UNION TWP	1.9454	823	27.5566	227	596	8.7253	52	544	1,496	220	1,578
019 - WARREN TWP	1.7705	749	30.8190	231	518	10.6418	55	463	1,756	187	1,342
020 - WASHINGTON TWP	1.9337	818	27.2113	223	596	8.3582	50	546	1,492	220	1,582
021 - FRANKFORT CITY	3.3617	1,423	25.2080	359	1,064	14.7968	157	907	525	366	2,627
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.