Jefferson County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	85,800
Assessment-Sales Ratio	0.955
Gross Assessed Value	81,939
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	43,939
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 - GRAHAM TWP	2.2527	990	27.5235	272	717	9.1523	66	652	1,163	259	1,867
002 - HANOVER TWP	2.5225	1,108	25.6789	285	824	9.7297	80	744	849	296	2,130
003 - HANOVER TOWN	2.7733	1,219	24.9579	304	914	10.4719	96	819	678	326	2,345
004 - LANCASTER TWP	2.2781	1,001	27.4034	274	727	9.2412	67	660	1,127	262	1,889
005 - DUPONT TOWN	2.2590	993	27.4856	273	720	9.1651	66	654	1,155	260	1,873
006 - MADISON TWP	2.2706	998	27.3312	273	725	9.0835	66	659	1,129	262	1,888
007 - MADISON CITY	3.1113	1,367	24.9872	342	1,025	11.8048	121	904	528	360	2,591
008 - MILTON TWP	2.2698	997	27.4668	274	723	9.2425	67	657	1,139	261	1,881
009 - BROOKSBURG TOWN	2.4887	1,094	26.8063	293	800	10.2773	82	718	921	286	2,057
010 - MONROE TWP	2.3297	1,024	26.6801	273	751	8.8204	66	684	1,011	272	1,961
011 - REPUBLICAN TWP	2.5454	1,118	25.5308	286	833	9.7119	81	752	830	299	2,154
012 - SALUDA TWP	2.5541	1,122	25.7299	289	833	10.0130	83	750	835	298	2,149
013 - SHELBY TWP	2.2657	996	27.4647	273	722	9.2019	66	656	1,141	261	1,878
014 - SMYRNA TWP	2.5638	1,127	25.5137	287	839	9.8186	82	757	813	301	2,168
015 - HANOVER TOWN ABATEMENT	2.7733	1,219	24.9578	304	914	10.4718	96	819	677	326	2,345
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.