Hancock County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	129,700
Assessment-Sales Ratio	0.986
Gross Assessed Value	127,884
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	89,884
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 - BLUE RIVER TWP	1.5041	1,352	29.1857	395	957	10.6524	102	855	609	276	2,072
002 - BRANDEYWINE TWP	1.7875	1,607	22.3312	359	1,248	7.0131	88	1,160	247	374	2,811
003 - BROWN TWP	1.4987	1,347	29.1025	392	955	10.4657	100	855	610	276	2,072
004 - SHIRLEY TOWN	2.7786	2,498	26.1494	653	1,844	16.7420	309	1,536	76	495	3,720
005 - WILKINSON TOWN	2.1604	1,942	27.2711	530	1,412	14.8675	210	1,202	219	388	2,913
006 - BUCK CREEK TWP	1.8381	1,652	23.7732	393	1,259	7.3548	93	1,167	244	376	2,827
007 - CUMBERLAND TOWN-BUCK CREEK TWP	2.5703	2,310	20.0616	463	1,847	8.0783	149	1,698	54	547	4,113
008 - CENTER TWP	1.5806	1,421	25.9810	369	1,052	8.3230	88	964	442	311	2,336
009 - GREENFIELD CITY	2.0970	1,885	25.3970	479	1,406	12.4589	175	1,231	202	397	2,982
010 - GREEN TWP	1.5705	1,412	26.1864	370	1,042	8.4414	88	954	451	307	2,311
011 - JACKSON TWP	1.5175	1,364	28.8168	393	971	10.3787	101	870	581	280	2,108
012 - SUGAR CREEK TWP	2.0969	1,885	19.4187	366	1,519	6.1420	93	1,425	109	459	3,454
013 - NEW PALESTINE TOWN	2.1561	1,938	20.9755	407	1,531	8.2068	126	1,406	118	453	3,406
014 - SPRING LAKE TOWN	2.1339	1,918	22.1606	425	1,493	9.4122	141	1,352	144	436	3,277
015 - CUMBERLAND TOWN-SUGAR CREEK TW	2.6467	2,379	18.4680	439	1,940	7.8346	152	1,788	37	576	4,331
016 - VERNON TWP	1.7874	1,607	24.4857	393	1,213	7.6751	93	1,120	284	361	2,714
017 - FORTVILLE TOWN	2.2657	2,037	24.0728	490	1,546	11.0332	171	1,376	134	443	3,333
018 - TOWN OF MC CORDSVILLE	2.0954	1,883	23.8700	450	1,434	9.6291	138	1,296	169	418	3,139
019 - GREENFIELD-BRANDYWINE	2.3534	2,115	22.3239	472	1,643	10.8519	178	1,465	94	472	3,549
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.