Martin County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	64,200
Assessment-Sales Ratio	1.108
Gross Assessed Value	71,134
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	33,134
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 - CENTER TWP	2.3014	763	26.0611	199	564	9.9580	56	508	1,641	227	1,598
002 - SHOALS TOWN/CENTER TWP	3.2751	1,085	24.1373	262	823	12.9618	107	717	927	320	2,255
003 - HALBERT TWP	2.2949	760	26.0782	198	562	9.9271	56	506	1,646	226	1,593
004 - SHOALS TOWN/HALBERT TWP	3.2853	1,089	24.1244	263	826	12.9849	107	719	919	321	2,262
005 - LOST RIVER TWP	2.3104	766	25.8782	198	567	9.8068	56	512	1,623	228	1,610
006 - MITCHELTREE TWP	2.4190	802	25.6357	205	596	10.3251	62	534	1,531	238	1,682
007 - PERRY TWP	2.1324	707	33.9778	240	466	12.0752	56	410	1,859	183	1,291
008 - LOOGOOTEE CITY	2.8456	943	30.1051	284	659	13.8620	91	568	1,418	253	1,786
009 - CRANE TOWN	2.1156	701	34.0889	239	462	11.9989	55	407	1,867	181	1,279
010 - RUTHERFORD TWP	2.1432	710	33.9074	241	469	12.1236	57	412	1,854	184	1,298
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.