Fountain County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	69,200
Assessment-Sales Ratio	0.995
Gross Assessed Value	68,854
Homestead Deduction	34,427
Mortgage Deduction	3,000
Net Assessed Value	31,427
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 - CAIN TWP	1.9749	621	30.1810	187	433	11.4867	50	384	1,888	173	1,217
002 - HILLSBORO TOWN	2.3482	738	29.3225	216	522	14.0025	73	449	1,783	203	1,423
003 - DAVIS TWP	2.4057	756	24.7870	187	569	8.7062	50	519	1,598	235	1,647
004 - FULTON TWP	1.9979	628	30.0276	189	439	10.4687	46	393	1,880	178	1,248
005 - JACKSON TWP	1.9921	626	30.3113	190	436	11.8577	52	385	1,887	174	1,220
006 - WALLACE TOWN	2.0031	630	30.2986	191	439	11.9669	53	386	1,881	175	1,226
007 - LOGAN TWP	2.3989	754	24.8064	187	567	8.6789	49	518	1,602	234	1,642
008 - ATTICA CITY	3.0557	960	24.1969	232	728	11.7427	85	642	1,197	291	2,038
011 - RICHLAND TWP	1.9831	623	30.3144	189	434	11.7577	51	383	1,889	173	1,216
012 - MELLOTT TOWN	2.2723	714	26.5579	190	524	9.8469	52	473	1,732	214	1,500
013 - NEWTOWN TOWN	2.2063	693	29.4755	204	489	12.9700	63	426	1,824	192	1,350
014 - SHAWNEE TWP	2.2934	721	25.4493	183	537	8.6218	46	491	1,690	222	1,558
015 - TROY TWP	2.0570	646	30.2746	196	451	11.4772	52	399	1,874	180	1,266
016 - COVINGTON CITY	2.8174	885	28.3789	251	634	15.1670	96	538	1,515	243	1,707
017 - VAN BUREN TWP	2.1612	679	28.7674	195	484	11.6225	56	428	1,818	193	1,357
018 - VEEDERSBURG TOWN	2.4861	781	28.1941	220	561	13.5728	76	485	1,707	219	1,538
019 - WABASH TWP	1.9741	620	30.4382	189	432	10.7134	46	385	1,884	174	1,223
020 - MILLCREEK TWP	2.0464	643	30.0273	193	450	12.0910	54	396	1,876	179	1,255
021 - KINGMAN TOWN	2.5400	798	28.1867	225	573	13.9418	80	493	1,684	223	1,565
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.