Miami County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	71,100
Assessment-Sales Ratio	1.036
Gross Assessed Value	73,660
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	35,660
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 - ALLEN TWP	2.1004	749	29.3652	220	529	15.5485	82	447	1,787	193	1,370
002 - MACY TOWN	2.5434	907	27.9122	253	654	18.2705	119	534	1,532	231	1,638
003 - BUTLER TWP	2.0665	737	39.4298	291	446	19.3559	86	360	1,915	156	1,103
004 - CLAY TWP	2.0741	740	39.3586	291	449	19.3975	87	362	1,913	156	1,108
005 - DEER CREEK TWP	2.0688	738	39.3445	290	447	19.2308	86	361	1,914	156	1,108
006 - ERIE TWP	2.5825	921	26.1442	241	680	12.4651	85	595	1,337	257	1,825
007 - HARRISON TWP	2.0780	741	39.3222	291	450	19.4189	87	362	1,910	157	1,111
009 - JACKSON TWP	2.3875	851	29.0037	247	604	15.2439	92	512	1,621	221	1,571
010 - AMBOY TOWN	2.7401	977	27.8452	272	705	17.0638	120	585	1,361	253	1,793
011 - CONVERSE TOWN	3.5208	1,256	26.1055	328	928	19.6892	183	745	847	322	2,284
012 - JEFFERSON TWP	2.0737	739	29.7329	220	520	15.8148	82	437	1,802	189	1,341
013 - DENVER TOWN	2.2945	818	28.2227	231	587	16.1004	95	493	1,687	213	1,511
014 - PERRY TWP	2.0703	738	29.7489	220	519	15.7920	82	437	1,804	189	1,339
015 - PERU TWP	2.6381	941	26.0148	245	696	12.8192	89	607	1,307	262	1,860
016 - PERU CITY-PERU TWP	4.8096	1,715	22.4754	385	1,330	18.5657	247	1,083	321	468	3,319
017 - PIPE CREEK TWP	2.0643	736	39.4505	290	446	19.3437	86	359	1,916	155	1,102
018 - BUNKER HILL TOWN	3.1006	1,106	32.9496	364	741	22.7955	169	572	1,400	247	1,755
019 - RICHLAND TWP	2.0569	733	29.8124	219	515	15.7013	81	434	1,808	188	1,330
020 - UNION TWP	2.0813	742	29.6974	220	522	15.8654	83	439	1,800	190	1,346
021 - WASHINGTON TWP	2.0818	742	39.2870	292	451	19.4395	88	363	1,909	157	1,113
022 - PERU CITY-ANNEX-WASHINGTON TOW	4.2974	1,532	28.4209	436	1,097	22.6794	249	848	620	367	2,600
023 - PERU CITY SOUTH-WASHINGTON TOW	4.7864	1,707	22.4874	384	1,323	18.5185	245	1,078	324	466	3,305
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.