Marshall County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	88,100
Assessment-Sales Ratio	0.966
Gross Assessed Value	85,105
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	47,105
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 - BOURBON TWP	1.8341	864	31.7534	274	590	12.3606	73	517	1,606	200	1,450
002 - BOURBON (BOURBON)	2.8192	1,328	27.8497	370	958	15.5805	149	809	694	314	2,270
005 - GERMAN TWP	1.8803	886	30.2515	268	618	10.8880	67	551	1,469	214	1,545
006 - BREMEN (GERMAN)	2.6709	1,258	27.3526	344	914	14.0279	128	786	756	305	2,205
007 - GREEN TWP	2.1462	1,011	26.2451	265	746	9.7069	72	673	1,065	261	1,890
008 - ARGOS-GREEN	3.1967	1,506	24.6937	372	1,134	13.8968	158	976	421	379	2,740
009 - NORTH TWP	1.6664	785	35.0636	275	510	14.9526	76	434	1,810	168	1,217
010 - LAPAZ (NORTH)	2.0501	966	32.1093	310	656	15.8770	104	552	1,467	214	1,548
011 - POLK TWP	1.9064	898	29.0795	261	637	10.7316	68	569	1,414	221	1,596
012 - TIPPECANOE TWP	1.7730	835	32.2597	269	566	12.1877	69	497	1,672	193	1,394
013 - UNION TWP	1.6779	790	28.4903	225	565	11.3123	64	501	1,653	194	1,407
014 - CULVER (UNION)	2.3796	1,121	26.3549	295	825	14.5517	120	705	954	274	1,980
015 - WALNUT TWP	2.1520	1,014	26.2182	266	748	9.7248	73	675	1,050	262	1,895
016 - ARGOS-WALNUT	3.2108	1,512	24.6711	373	1,139	13.9228	159	981	411	380	2,752
017 - WEST TWP	2.0758	978	28.1074	275	703	10.3411	73	630	1,231	245	1,769
018 - CENTER TWP	2.1084	993	27.8060	276	717	10.2863	74	643	1,193	250	1,805
019 - PLYMOUTH (CENTER)	3.0089	1,417	25.9378	368	1,050	13.9969	147	903	536	350	2,534
020 - PLY-WEST	2.9982	1,412	26.0191	367	1,045	14.0504	147	898	543	348	2,520
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.