| Henry County Property Tax Bills by Tax District | |||||||||||
| Pay 2005 | |||||||||||
| Assessment and Deductions | |||||||||||
| Median Home Value, 2000 Census | 84,100 | ||||||||||
| Assessment-Sales Ratio | 0.000 | ||||||||||
| Gross Assessed Value | 84,100 | ||||||||||
| Homestead Deduction | 35,000 | ||||||||||
| Mortgage Deduction | 3,000 | ||||||||||
| Net Assessed Value | 46,100 | ||||||||||
| 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 | 2.4130 | 1,112 | 26.3188 | 293 | 820 | 10.5108 | 86 | 733 | 878 | 287 | 2,072 |
| 002 - MOORELAND TOWN | 2.6884 | 1,239 | 25.4659 | 316 | 924 | 11.3046 | 104 | 819 | 676 | 320 | 2,314 |
| 003 - DUDLEY TWP | 2.1748 | 1,003 | 28.0972 | 282 | 721 | 11.4175 | 82 | 639 | 1,208 | 250 | 1,804 |
| 004 - STRAUGHN TOWN | 2.4648 | 1,136 | 26.7749 | 304 | 832 | 12.0586 | 100 | 732 | 886 | 286 | 2,067 |
| 005 - FALL CREEK TWP | 2.2020 | 1,015 | 25.2581 | 256 | 759 | 10.9537 | 83 | 676 | 1,049 | 264 | 1,908 |
| 006 - MIDDLETOWN TOWN | 2.6580 | 1,225 | 23.5104 | 288 | 937 | 11.5711 | 108 | 829 | 665 | 324 | 2,341 |
| 007 - FRANKLIN TWP | 2.2035 | 1,016 | 27.9083 | 283 | 732 | 11.4359 | 84 | 649 | 1,175 | 254 | 1,832 |
| 008 - LEWISVILLE TOWN | 2.5392 | 1,171 | 26.9793 | 316 | 855 | 12.8224 | 110 | 745 | 846 | 291 | 2,105 |
| 009 - GREENSBORO TWP | 2.7598 | 1,272 | 17.8257 | 227 | 1,045 | 7.3269 | 77 | 969 | 434 | 379 | 2,736 |
| 010 - SHIRLEY TOWN | 4.1084 | 1,894 | 18.4168 | 349 | 1,545 | 11.2746 | 174 | 1,371 | 137 | 536 | 3,872 |
| 011 - GREENSBORO TOWN | 3.0315 | 1,398 | 17.9498 | 251 | 1,147 | 8.3587 | 96 | 1,051 | 346 | 411 | 2,968 |
| 012 - KENNARD TOWN | 3.1513 | 1,453 | 18.0959 | 263 | 1,190 | 8.8645 | 105 | 1,084 | 317 | 424 | 3,063 |
| 013 - HARRISON TWP | 2.1142 | 975 | 25.5839 | 249 | 725 | 10.6810 | 77 | 648 | 1,181 | 253 | 1,830 |
| 014 - CADIZ TOWN | 2.2269 | 1,027 | 25.2216 | 259 | 768 | 11.0880 | 85 | 683 | 1,017 | 267 | 1,928 |
| 015 - HENRY TWP | 2.5333 | 1,168 | 26.6032 | 311 | 857 | 10.9332 | 94 | 763 | 802 | 299 | 2,156 |
| 016 - NEW CASTLE CITY | 3.5835 | 1,652 | 24.2762 | 401 | 1,251 | 13.2699 | 166 | 1,085 | 316 | 424 | 3,064 |
| 017 - JEFFERSON TWP | 2.1600 | 996 | 25.3005 | 252 | 744 | 10.6924 | 80 | 664 | 1,107 | 260 | 1,876 |
| 018 - SULPHER SPRINGS TOWN | 2.3068 | 1,063 | 24.9910 | 266 | 798 | 11.3576 | 91 | 707 | 948 | 276 | 1,997 |
| 019 - WEST LIBERTY TWP | 2.4334 | 1,122 | 27.2167 | 305 | 816 | 10.9517 | 89 | 727 | 901 | 284 | 2,053 |
| 020 - EAST LIBERTY TWP | 2.3906 | 1,102 | 26.6182 | 293 | 809 | 10.4211 | 84 | 724 | 905 | 283 | 2,046 |
| 021 - PRAIRIE TWP | 2.4214 | 1,116 | 26.0244 | 291 | 826 | 10.2128 | 84 | 741 | 856 | 290 | 2,094 |
| 022 - MOUNT SUMMIT TOWN | 2.4221 | 1,117 | 26.4223 | 295 | 822 | 10.7060 | 88 | 734 | 877 | 287 | 2,072 |
| 023 - SPRINGPORT TOWN | 2.6757 | 1,233 | 25.8136 | 318 | 915 | 11.6559 | 107 | 808 | 697 | 316 | 2,283 |
| 024 - SPICELAND TWP | 2.1128 | 974 | 28.7025 | 280 | 694 | 11.6066 | 81 | 614 | 1,286 | 240 | 1,734 |
| 025 - DUNREITH TOWN | 2.2461 | 1,035 | 28.3522 | 294 | 742 | 12.3743 | 92 | 650 | 1,167 | 254 | 1,836 |
| 026 - SPICELAND TOWN | 2.3292 | 1,074 | 27.7796 | 298 | 775 | 12.3250 | 96 | 680 | 1,029 | 266 | 1,920 |
| 027 - STONEY CREEK TWP | 2.2124 | 1,020 | 29.3827 | 300 | 720 | 12.0326 | 87 | 634 | 1,226 | 248 | 1,789 |
| 028 - BLOUNTSVILLE TOWN | 2.4570 | 1,133 | 28.3921 | 322 | 811 | 12.8451 | 104 | 707 | 949 | 276 | 1,996 |
| 029 - WAYNE TWP | 2.7710 | 1,277 | 17.8345 | 228 | 1,050 | 7.3767 | 77 | 972 | 428 | 380 | 2,746 |
| 030 - KNIGHTSTOWN TOWN | 3.3483 | 1,544 | 18.3087 | 283 | 1,261 | 9.6160 | 121 | 1,140 | 269 | 446 | 3,219 |
| 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. | |||||||||||