Gibson County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	74,700
Assessment-Sales Ratio	0.999
Gross Assessed Value	74,625
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	36,625
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 - BARTON TWP	2.4888	912	30.6580	279	632	12.4650	79	553	1,459	237	1,681
002 - MACKEY TOWN	2.9732	1,089	28.9464	315	774	13.8787	107	666	1,099	285	2,024
003 - SOMERVILLE TOWN	2.5044	917	30.6201	281	636	12.5577	80	556	1,446	238	1,690
004 - CENTER TWP	2.4722	905	30.7589	279	627	12.4455	78	549	1,477	235	1,667
005 - FRANCISCO TOWN	3.0080	1,102	28.8426	318	784	13.9584	109	675	1,053	288	2,049
006 - COLUMBIA TWP	2.6703	978	29.7893	291	687	12.8584	88	598	1,327	256	1,818
007 - OAKLAND CITY	3.5878	1,314	26.1636	344	970	13.4258	130	840	634	359	2,551
009 - HAUBSTADT TOWN	2.5997	952	28.1243	268	684	12.6613	87	598	1,329	256	1,816
017 - WASHINGTON TWP	2.2982	842	31.6161	266	576	12.1435	70	506	1,648	216	1,536
018 - WHITE RIVER TWP	2.3614	865	31.3052	271	594	12.3884	74	521	1,591	223	1,581
019 - HAZELTON TOWN	2.6605	974	29.6872	289	685	12.9062	88	597	1,332	255	1,813
020 - PATOKA TOWN	2.4624	902	30.6702	277	625	12.5207	78	547	1,484	234	1,661
021 - MONTGOMERY TWP	2.1899	802	30.4829	244	558	12.1981	68	490	1,694	209	1,487
022 - OWENSVILLE TOWN	3.4031	1,246	26.6077	332	915	15.0563	138	777	776	332	2,360
023 - WABASH TWP	2.2281	816	30.3030	247	569	12.3518	70	499	1,664	213	1,514
024 - JOHNSON TWP	2.1797	798	30.3078	242	556	11.8599	66	490	1,692	210	1,490
025 - UNION TWP	2.2066	808	30.1580	244	564	11.9417	67	497	1,670	212	1,510
026 - FORT BRANCH TOWN	2.5602	938	28.7550	270	668	13.1914	88	580	1,370	248	1,762
027 - PATOKA TWP	2.7229	997	27.9711	279	718	11.1594	80	638	1,209	273	1,938
028 - PRINCETON CITY	3.7955	1,390	26.2236	365	1,026	14.4927	149	877	569	375	2,664
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.