Lagrange County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	99,800
Assessment-Sales Ratio	0.888
Gross Assessed Value	88,622
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	50,622
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 - BLOOMFIELD TWP	1.7109	866	30.9923	268	598	11.2632	67	530	1,550	201	1,459
002 - LAGRANGE TOWN	2.6004	1,316	28.2436	372	945	15.8904	150	794	733	301	2,185
003 - CLAY TWP-WEST	1.8705	947	31.0977	294	652	11.0603	72	580	1,369	220	1,596
004 - CLAY TWP-EAST	1.7229	872	30.8384	269	603	11.2314	68	535	1,526	203	1,473
005 - CLEARSPRING TWP	1.8452	934	31.3407	293	641	11.0380	71	571	1,405	216	1,569
006 - TOPEKA TOWN-CLEARSPRING TWP	3.2126	1,626	27.2736	444	1,183	16.1850	191	991	399	375	2,727
007 - EDEN TWP	1.8359	929	31.3447	291	638	10.9141	70	568	1,415	215	1,564
008 - TOPEKA TOWN-EDEN TWP	3.2080	1,624	27.2759	443	1,181	16.1684	191	990	403	375	2,723
009 - GREENFIELD TWP	1.6871	854	31.3445	268	586	11.3816	67	520	1,597	197	1,429
010 - JOHNSON TWP	1.7084	865	31.1197	269	596	11.3959	68	528	1,561	200	1,452
011 - WOLCOTTVILLE TOWN	2.4104	1,220	29.2221	357	864	15.9599	138	726	902	275	1,996
012 - LIMA TWP	1.7134	867	31.0438	269	598	11.3674	68	530	1,551	201	1,458
013 - MILFORD TWP	1.8353	929	27.3038	254	675	10.3626	70	605	1,312	229	1,665
014 - NEWBURY TWP	1.8306	927	31.4869	292	635	11.0287	70	565	1,424	214	1,554
015 - SHIPSHEWANA TOWN	2.9135	1,475	24.8525	367	1,108	11.8459	131	977	419	370	2,688
016 - SPRINGFIELD TWP	1.8398	931	27.3000	254	677	10.4061	70	607	1,308	230	1,669
017 - VAN BUREN TWP	1.8418	932	31.3937	293	640	11.0612	71	569	1,412	215	1,565
018 - LAGRANGE-CLAY	2.5940	1,313	28.2542	371	942	15.8660	149	793	739	300	2,180
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.