Fulton County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	77,000
Assessment-Sales Ratio	0.972
Gross Assessed Value	74,844
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	36,844
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 - AUBBEENAUBBEE TWP	1.8002	663	30.2054	200	463	13.4039	62	401	1,873	171	1,215
002 - HENRY TWP	2.5489	939	24.6547	232	708	9.6851	69	639	1,207	273	1,937
003 - AKRON TOWN	3.3846	1,247	23.0368	287	960	11.7864	113	847	623	361	2,566
004 - LIBERTY TWP	2.1120	778	33.2711	259	519	12.6302	66	454	1,773	193	1,375
005 - FULTON TOWN	2.9442	1,085	30.5837	332	753	16.4503	124	629	1,234	268	1,907
006 - NEWCASTLE TWP	2.4494	902	25.4068	229	673	9.9127	67	606	1,309	259	1,838
007 - RICHLAND TWP	2.0264	747	28.8284	215	531	11.0360	59	473	1,734	202	1,433
008 - ROCHESTER TWP	2.0516	756	28.7758	218	538	11.2310	60	478	1,718	204	1,449
009 - ROCHESTER CITY	2.7704	1,021	26.2940	268	752	13.4469	101	651	1,166	278	1,974
011 - KEWANNA TOWN	3.2783	1,208	28.7606	347	860	15.8485	136	724	906	309	2,195
012 - WAYNE TWP	2.1374	788	32.9661	260	528	12.5311	66	462	1,758	197	1,400
013 - UNION TWP - ROCHESTER SCH	2.0864	769	28.6299	220	549	11.3957	63	486	1,703	207	1,474
014 - UNION TWP - EASTERN PULASKI SCH	2.0688	762	32.9503	251	511	13.1565	67	444	1,791	189	1,345
015 - UNION TWP - CASTON  SCH	2.1715	800	32.8527	263	537	12.7952	69	468	1,745	200	1,420
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.