Floyd County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	104,300
Assessment-Sales Ratio	0.977
Gross Assessed Value	101,901
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	63,901
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 - FRANKLIN TWP	1.8987	1,213	30.1004	365	848	11.2923	96	752	828	265	1,952
002 - GEORGETOWN TWP	1.9476	1,245	29.2363	364	881	10.7518	95	786	755	276	2,039
003 - GEORGETOWN TOWN	2.1430	1,369	29.6044	405	964	13.2704	128	836	646	294	2,169
004 - GREENVILLE TWP	1.9191	1,226	29.7112	364	862	11.0316	95	767	793	270	1,990
005 - GREENVILLE TOWN	1.9643	1,255	29.9926	376	879	11.9239	105	774	784	272	2,008
006 - LAFAYETTE TWP	1.9055	1,218	29.8693	364	854	11.0739	95	759	809	267	1,970
007 - NEW ALBANY TWP	1.9362	1,237	29.5295	365	872	10.9975	96	776	778	273	2,013
008 - NEW ALBANY CITY	2.7195	1,738	29.3686	510	1,227	17.2634	212	1,016	376	357	2,635
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.