Madison County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	81,600
Assessment-Sales Ratio	0.000
Gross Assessed Value	81,600
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	43,600
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 - ADAMS TWP	2.2445	979	23.7847	233	746	12.4055	93	653	1,158	261	1,876
002 - MARKLEVILLE TOWN	2.5288	1,103	23.5507	260	843	14.5523	123	720	915	287	2,068
003 - ANDERSON CITY - ANDERSON TWP	3.9603	1,727	24.4173	422	1,305	19.2811	252	1,053	345	420	3,025
004 - COUNTRY CLUB HEIGHTS	2.6627	1,161	26.7498	311	850	14.9642	127	723	908	289	2,077
005 - EDGEWOOD TOWN	2.6836	1,170	27.4437	321	849	16.3812	139	710	940	283	2,038
006 - RIVER FOREST TOWN	2.6877	1,172	27.4348	321	850	16.3991	139	711	937	284	2,041
007 - WOODLAWN HEIGHTS TOWN	2.7319	1,191	27.3117	325	866	16.6073	144	722	909	288	2,073
008 - BOONE TWP	2.1710	947	28.0193	265	681	15.3963	105	576	1,384	230	1,655
009 - DUCK CREEK TWP - MADISON	2.1987	959	27.7686	266	692	15.3085	106	586	1,356	234	1,684
010 - DUCK CREK TWP - ELWOOD SCH	2.5794	1,125	23.8032	268	857	12.1521	104	753	825	300	2,162
011 - ELWOOD CITY - DUCK CREEK TWP	3.9092	1,704	21.8749	373	1,332	16.6618	222	1,110	295	443	3,187
012 - FALL CREEK TWP	2.4437	1,065	22.2274	237	829	11.7155	97	732	887	292	2,101
013 - PENDLETON TOWN	2.8635	1,248	21.7499	272	977	13.9177	136	841	633	336	2,415
014 - GREEN TWP	2.2592	985	23.7283	234	751	12.4600	94	658	1,132	262	1,889
015 - INGALLS TOWN	3.3308	1,452	20.0822	292	1,161	13.6544	158	1,002	387	400	2,878
016 - JACKSON TWP	2.2367	975	25.9134	253	722	13.0299	94	628	1,235	251	1,804
017 - LAFAYETTE TWP-W CENTRAL SCH	2.3833	1,039	25.0736	261	779	13.2187	103	676	1,048	270	1,940
018 - LAFAYETTE TWP - ANDERSON SCH	2.3937	1,044	27.8279	290	753	13.8993	105	649	1,176	259	1,862
019 - ANDERSON CITY-LAFAYETTE TWP	3.9826	1,736	24.2579	421	1,315	19.0996	251	1,064	339	425	3,055
020 - FRANKTON TOWN - LAFAYETTE TWP	2.7621	1,204	24.2505	292	912	15.1489	138	774	783	309	2,223
021 - MONROE TWP	2.0612	899	30.2427	272	627	17.3271	109	518	1,599	207	1,488
022 - ALEXANDRIA CITY	3.4502	1,504	26.0433	392	1,113	21.8423	243	870	586	347	2,497
024 - ORESTES TOWN	2.3375	1,019	27.7044	282	737	16.3483	120	616	1,280	246	1,770
025 - PIPE CR.TWP.-W.CENT.SCH.	2.4179	1,054	25.1035	265	790	13.6161	108	682	1,022	272	1,959
026 - PIPE CR.TWP.-ELWOOD SCH.	2.5812	1,125	23.8546	268	857	12.2514	105	752	831	300	2,159
027 - ELWOOD CITY-PIPE CR.TWP.	3.9092	1,704	21.8740	373	1,332	16.6621	222	1,110	294	443	3,187
028 - FRANKTON TOWN-PIPE CR.TWP.	2.7522	1,200	24.4604	294	906	15.4278	140	767	795	306	2,201
029 - RICHLAND TWP	2.3193	1,011	28.3999	287	724	13.9600	101	623	1,258	249	1,789
030 - ANDERSON CITY-RICHLAND TWP	3.9474	1,721	24.4320	420	1,301	19.2507	250	1,050	347	419	3,016
031 - STONY CREEK TWP	2.4226	1,056	25.2334	267	790	13.8806	110	680	1,028	271	1,953
032 - LAPEL TOWN	2.8728	1,253	24.5405	307	945	16.4387	155	790	746	315	2,268
033 - UNION TWP	2.5383	1,107	27.0225	299	808	14.1615	114	693	991	277	1,991
034 - ANDERSON CITY-UNION TWP	3.9451	1,720	24.4367	420	1,300	19.2445	250	1,050	349	419	3,014
035 - CHESTERFIELD TOWN	3.1373	1,368	25.9995	356	1,012	17.5595	178	834	649	333	2,396
036 - VAN BUREN TWP	2.3510	1,025	26.6461	273	752	15.1300	114	638	1,210	255	1,832
037 - SUMMITVILLE TOWN	2.9038	1,266	25.5169	323	943	17.9934	170	773	785	309	2,221
038 - ANDERSON-ADAMS	3.8700	1,687	21.7875	368	1,320	18.4567	244	1,076	328	429	3,090
039 - ANDERSON-FALL CREEK	3.7804	1,648	21.7101	358	1,290	18.0265	233	1,058	343	422	3,038
040 - ANDERSON LAF.W.C.	3.9374	1,717	22.4528	385	1,331	18.2381	243	1,088	314	434	3,126
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.