Franklin County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	100,100
Assessment-Sales Ratio	0.994
Gross Assessed Value	99,499
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	61,499
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 - BATH TWP	1.6926	1,041	29.4304	306	735	10.2057	75	660	1,126	235	1,727
002 - BLOOMING GROVE TWP	1.7447	1,073	31.4433	337	736	11.7177	86	649	1,171	231	1,700
003 - BROOKVILLE TWP	1.7791	1,094	31.0385	340	755	11.6594	88	667	1,098	237	1,745
004 - BROOKVILLE TOWN	2.2887	1,408	30.0928	424	984	15.7673	155	829	664	295	2,170
005 - BUTLER TWP-EAST	1.7337	1,066	31.3779	335	732	11.4721	84	648	1,182	230	1,696
006 - BUTLER TWP-WEST	1.5957	981	34.2176	336	646	11.2010	72	573	1,397	204	1,501
007 - FAIRFIELD TWP	1.7434	1,072	31.4504	337	735	11.7086	86	649	1,172	231	1,699
008 - HIGHLAND TWP	1.7342	1,067	31.4389	335	731	11.5608	85	647	1,185	230	1,693
009 - CEDAR GROVE TOWN	1.7954	1,104	31.4227	347	757	12.3956	94	663	1,117	236	1,737
010 - LAUREL TWP	1.7989	1,106	31.0430	343	763	11.9334	91	672	1,071	239	1,759
011 - LAUREL TOWN	2.1031	1,293	30.6760	397	897	14.9114	134	763	803	271	1,997
012 - METAMORA TWP	1.8043	1,110	30.9871	344	766	11.9310	91	674	1,054	240	1,766
013 - POSEY TWP	1.7848	1,098	31.0805	341	756	11.7932	89	667	1,093	237	1,747
014 - RAY TWP	1.6575	1,019	33.7375	344	675	11.6660	79	597	1,333	212	1,562
015 - BATESVILLE CITY	2.1164	1,302	30.7424	400	901	13.7316	124	778	774	277	2,036
016 - OLDENBURG TOWN	1.8824	1,158	32.6550	378	780	13.6093	106	674	1,060	240	1,763
017 - SALT CREEK TWP-NORTH	1.7426	1,072	31.4132	337	735	11.6473	86	649	1,170	231	1,700
018 - SALT CREEK TWP-SOUTH	1.6046	987	34.2403	338	649	11.4009	74	575	1,391	205	1,505
019 - SPRINGFIELD TWP	1.7468	1,074	31.3220	336	738	11.5858	85	652	1,160	232	1,708
020 - MT. CARMEL TOWN	1.7308	1,064	31.5370	336	729	11.6435	85	644	1,191	229	1,686
021 - WHITEWATER TWP	1.7435	1,072	31.3989	337	736	11.6412	86	650	1,168	231	1,701
022 - RAY TWP FIRE TERR.	1.7080	1,050	32.5971	342	708	10.9601	78	630	1,230	224	1,650
023 - SALT CREEK SOUTH FIRE TERR.	1.6574	1,019	33.0298	337	683	10.6955	73	610	1,302	217	1,596
024 - BUTLER WEST FIRE TERR	1.6513	1,016	33.0336	335	680	10.5944	72	608	1,306	216	1,592
025 - BUTLER EAST FIRE TERR	1.7893	1,100	30.3736	334	766	10.9216	84	682	1,018	243	1,787
026 - SALT CREEK NORTH FIRE TERR	1.7954	1,104	30.3795	335	769	11.0100	85	684	1,012	243	1,791
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.