Lawrence County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	75,400
Assessment-Sales Ratio	0.987
Gross Assessed Value	74,420
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	36,420
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 - BONO TWP	2.7019	984	25.6864	253	731	10.4273	76	655	1,147	281	1,993
002 - GUTHRIE TWP	2.4708	900	26.3144	237	663	11.7464	78	585	1,359	251	1,781
003 - INDIAN CREEK TWP	2.4395	888	26.5487	236	653	11.8227	77	575	1,389	247	1,751
004 - MARION TWP	2.6778	975	25.6157	250	725	10.1864	74	652	1,164	279	1,983
005 - MITCHELL CITY	3.6531	1,330	24.6309	328	1,003	13.5830	136	867	589	371	2,637
006 - MARSHALL TWP	2.4468	891	26.3854	235	656	11.6697	77	579	1,375	248	1,763
007 - PERRY TWP	2.4563	895	26.3632	236	659	11.7079	77	582	1,368	249	1,770
008 - PLEASANT RUN TWP	2.4464	891	26.4956	236	655	11.8043	77	578	1,381	247	1,758
009 - SHAWSWICK TWP	2.4660	898	26.3446	237	662	11.7513	78	584	1,364	250	1,777
010 - BEDFORD CITY	3.7171	1,354	25.0954	340	1,014	15.8021	160	854	611	366	2,598
011 - OOLITIC TOWN	2.8984	1,056	25.6436	271	785	13.3784	105	680	1,030	291	2,069
012 - SPICE VALLEY TWP-NORTH	2.4524	893	26.5070	237	656	11.8602	78	579	1,377	248	1,761
013 - SPICE VALLEY TWP-SOUTH	2.6907	980	25.7249	252	728	10.4023	76	652	1,161	279	1,985
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.