Knox County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	63,600
Assessment-Sales Ratio	1.124
Gross Assessed Value	71,486
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	33,486
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 - BUSSERON TWP	2.2617	757	29.1591	221	537	11.1851	60	477	1,720	212	1,494
002 - OAKTOWN TOWN	2.6746	896	27.2335	244	652	12.0399	78	573	1,396	255	1,797
003 - DECKER TWP	2.0245	678	30.8848	209	469	12.5282	59	410	1,861	182	1,285
004 - HARRISON TWP	1.9998	670	30.8101	206	463	12.1417	56	407	1,865	181	1,276
005 - MONROE CITY TOWN	2.1352	715	30.1986	216	499	12.8108	64	435	1,806	193	1,364
006 - JOHNSON TWP	2.0865	699	30.6686	214	484	12.9273	63	422	1,829	187	1,322
007 - DECKER TOWN	2.8153	943	27.9066	263	680	14.9591	102	578	1,379	257	1,812
008 - PALMYRA TWP	2.0367	682	30.4897	208	474	12.1405	58	417	1,841	185	1,306
009 - STEEN TWP	1.9966	669	31.0284	207	461	12.3955	57	404	1,870	179	1,266
010 - WHEATLAND TOWN	2.5011	838	28.2977	237	601	13.4547	81	520	1,596	231	1,629
011 - VIGO-SOUTH TWP	2.6576	890	28.0036	249	641	12.9088	83	558	1,440	248	1,749
012 - BICKNELL CITY-VIGO TWP	3.9128	1,310	25.3003	331	979	15.1761	149	830	660	369	2,603
013 - EDWARDSPORT TOWN	3.0238	1,013	27.0344	274	739	13.8504	102	636	1,218	283	1,995
014 - SANDBORN TOWN	2.9707	995	27.1601	270	725	13.7297	99	625	1,249	278	1,960
018 - WASHINGTON TWP	2.3553	789	28.7328	227	562	11.4986	65	497	1,668	221	1,559
019 - BICKNELL CITY-WASHINGTON TWP	3.9268	1,315	25.2169	332	983	15.1125	149	835	647	371	2,617
020 - BRUCEVILLE CIVIL TOWN	3.0816	1,032	25.9134	267	765	12.7221	97	667	1,094	296	2,092
021 - WIDNER TWP	2.2592	757	29.4057	222	534	11.4795	61	473	1,733	210	1,482
022 - VINCENNES CITY I	3.3107	1,109	25.8269	286	822	14.6168	120	702	964	312	2,201
023 - VINCENNES TWP-VINCENNES S	2.2293	747	28.5498	213	533	11.6000	62	472	1,738	209	1,478
024 - VINCENNES TWP-SOUTH KNOX	2.2528	754	28.8767	218	537	12.2458	66	471	1,739	209	1,476
025 - VIGO-NORTH TWP	2.3351	782	28.3645	222	560	10.8496	61	499	1,661	222	1,565
026 - VIGO-CENTRAL TWP	2.3918	801	28.8931	231	570	12.0222	68	501	1,654	223	1,571
027 - VINCENNES CITY II	3.1395	1,051	25.6481	270	782	13.6904	107	675	1,052	300	2,115
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.