Decatur County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	86,400
Assessment-Sales Ratio	0.965
Gross Assessed Value	83,376
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	45,376
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 - ADAMS TWP	1.7985	816	33.6713	275	541	12.2300	66	475	1,724	187	1,348
002 - ST. PAUL TOWN-ADAMS TWP	2.2771	1,033	31.4140	325	709	14.9634	106	603	1,316	237	1,710
003 - CLAY TWP	1.8126	822	33.5382	276	547	12.2655	67	480	1,715	189	1,361
004 - MILFORD TOWN	2.1054	955	31.7186	303	652	13.6134	89	564	1,431	222	1,599
005 - CLINTON TWP	1.7956	815	33.6981	275	540	12.2215	66	474	1,728	186	1,345
006 - FUGIT TWP	1.7979	816	33.4115	273	543	11.8609	64	479	1,716	188	1,359
007 - JACKSON TWP	1.8066	820	33.5439	275	545	12.1804	66	478	1,717	188	1,358
008 - MARION TWP-SOUTH	1.7893	812	33.4958	272	540	11.8412	64	476	1,721	187	1,351
009 - MARION TWP NORTH	2.0051	910	27.1001	247	663	8.7221	58	605	1,311	238	1,718
010 - MILLHOUSEN TOWN-MARION TWP	1.9328	877	32.8057	288	589	12.9883	77	513	1,619	202	1,455
011 - SALTCREEK TWP	1.7965	815	33.6627	274	541	12.1865	66	475	1,726	187	1,347
012 - NEW POINT TOWN	2.1222	963	31.8761	307	656	14.0146	92	564	1,429	222	1,601
013 - SANDCREEK TWP	1.8659	847	32.9973	279	567	12.3171	70	497	1,669	196	1,411
014 - WESTPORT TOWN	2.2612	1,026	30.8387	316	710	14.0224	100	610	1,298	240	1,731
015 - WASHINGTON TWP	2.0387	925	27.1707	251	674	9.1550	62	612	1,291	241	1,737
016 - GREENSBURG CITY	2.7673	1,256	24.8203	312	944	11.6760	110	834	652	328	2,366
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.