Howard County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	89,000
Assessment-Sales Ratio	0.938
Gross Assessed Value	83,482
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	45,482
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 - CENTER TWP	2.0339	925	35.2014	326	599	11.3837	68	531	1,547	209	1,506
002 - KOKOMO CITY - CENTER TWP	3.1286	1,423	26.7391	380	1,042	10.7551	112	930	496	366	2,638
003 - KOKOMO CITY - CLAY TWP	3.3923	1,543	23.0549	356	1,187	9.7584	116	1,071	331	421	3,038
006 - KOKOMO CITY - HARRISON TWP	3.0353	1,381	20.6768	285	1,095	9.5286	104	991	401	389	2,809
007 - KOKOMO CITY - HOWARD TWP	3.4012	1,547	23.0247	356	1,191	9.7594	116	1,075	330	422	3,047
010 - JACKSON TWP	2.4741	1,125	22.4427	253	873	7.3338	64	809	695	318	2,293
011 - LIBERTY TWP	2.4531	1,116	22.3811	250	866	7.1291	62	804	707	316	2,281
012 - GREENTOWN TOWN	2.9300	1,333	21.9969	293	1,039	9.2813	96	943	470	371	2,674
015 - KOKOMO CITY - TAYLOR TWP	3.5951	1,635	21.3835	350	1,285	8.7880	113	1,173	240	461	3,325
016 - UNION TWP	2.4697	1,123	22.3848	251	872	7.2405	63	809	696	318	2,293
017 - CLAY TWP	2.2580	1,027	28.9455	297	730	9.4668	69	661	1,124	260	1,873
018 - ERVIN TWP	2.2753	1,035	28.8528	299	736	9.5260	70	666	1,101	262	1,889
019 - HARRISON TWP	1.9211	874	25.9500	227	647	8.8683	57	590	1,350	232	1,672
020 - HONEY CREEK TWP	1.9859	903	25.4535	230	673	8.8977	60	613	1,288	241	1,739
021 - RUSSIAVILLE TOWN	2.5423	1,156	24.7217	286	870	12.0252	105	766	796	301	2,171
022 - HOWARD TWP	2.2679	1,031	28.8723	298	734	9.4756	70	664	1,108	261	1,883
023 - MONROE TWP	1.9081	868	26.2033	227	640	9.0425	58	583	1,366	229	1,652
024 - TAYLOR TWP	2.4957	1,135	25.7429	292	843	7.9508	67	776	779	305	2,200
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.