Jennings County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	81,900
Assessment-Sales Ratio	1.037
Gross Assessed Value	84,930
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	46,930
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 - BIGGER TWP	2.1639	1,016	25.8897	263	753	10.5192	79	673	1,063	262	1,892
002 - CAMPBELL TWP	2.1553	1,011	25.9013	262	750	10.4637	78	671	1,073	261	1,886
003 - CENTER TWP	2.1190	994	25.8868	257	737	10.1462	75	662	1,118	257	1,861
004 - NORTH VERNON CITY	3.0017	1,409	23.4570	330	1,078	12.3774	133	945	466	367	2,655
005 - COLUMBIA TWP	2.1340	1,001	25.9104	259	742	10.3001	76	666	1,103	259	1,870
006 - GENEVA TWP	2.1474	1,008	25.6392	258	749	10.0807	76	674	1,058	262	1,893
007 - LOVETT TWP	2.1347	1,002	25.8624	259	743	10.2474	76	667	1,095	259	1,873
008 - MARION TWP	2.1424	1,005	25.8897	260	745	10.3442	77	668	1,088	260	1,877
009 - MONTGOMERY TWP	2.1645	1,016	25.6792	261	755	10.2675	78	677	1,036	263	1,903
010 - SAND CREEK TWP	2.1259	998	25.8973	258	739	10.2169	76	664	1,115	258	1,865
011 - SPENCER TWP	2.1351	1,002	25.7197	258	744	10.0775	75	669	1,086	260	1,881
012 - VERNON TWP	2.1408	1,005	25.7107	258	746	10.1133	75	671	1,076	261	1,885
013 - VERNON TOWN	2.3352	1,096	25.7485	282	814	11.6229	95	719	918	279	2,021
014 - HIDDEN VALLEY	2.1474	1,008	25.6392	258	749	10.0807	76	674	1,058	262	1,893
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.