Fayette County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	78,500
Assessment-Sales Ratio	0.949
Gross Assessed Value	74,497
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	36,497
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 - COLUMBIA TWP	2.3401	854	30.0696	257	597	12.2303	73	524	1,575	224	1,594
002 - CONNERSVILLE TWP	2.3536	859	30.0118	258	601	12.2812	74	527	1,564	226	1,604
003 - CONNERSVILLE CITY-CONNERSVILLE	3.9328	1,435	25.9072	372	1,063	15.5227	165	898	542	385	2,732
005 - FAIRVIEW TWP	2.3428	855	30.0580	257	598	12.2406	73	525	1,571	225	1,596
006 - GLENWOOD TOWN-FAIVIEW TWP	3.3046	1,206	27.1296	327	879	14.7209	129	749	839	321	2,279
007 - HARRISON TWP	2.3499	858	30.0276	258	600	12.2674	74	526	1,566	225	1,601
008 - CONNERSVILLE CITY-HARRISON TOW	3.9206	1,431	25.9256	371	1,060	15.5077	164	896	549	383	2,724
010 - JACKSON TWP	2.3350	852	30.0916	256	596	12.2110	73	523	1,583	224	1,591
011 - JENNINGS TWP	2.3257	849	30.1319	256	593	12.1752	72	521	1,590	223	1,584
012 - ORANGE TWP	2.3444	856	30.0511	257	598	12.2467	73	525	1,569	225	1,597
013 - GLENWOOD TOWN-ORANGE TWP	3.3061	1,207	27.1276	327	879	14.7223	129	750	837	321	2,280
014 - POSEY TWP	2.3568	860	29.9036	257	603	12.1687	73	530	1,552	227	1,611
015 - WATERLOO TWP	2.3361	853	30.0868	257	596	12.2151	73	523	1,582	224	1,591
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.