Monroe County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	113,100
Assessment-Sales Ratio	0.996
Gross Assessed Value	112,648
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	74,648
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 - BEAN BLOSSOM TWP	2.1668	1,617	26.9589	436	1,181	12.8892	152	1,029	365	347	2,582
002 - STINESVILLE TOWN	2.3661	1,766	26.4054	466	1,300	14.3309	186	1,114	288	375	2,794
003 - BENTON TWP	1.7810	1,329	29.3136	390	940	13.1148	123	817	679	275	2,049
004 - BLOOMINGTON TWP	2.0278	1,514	27.3434	414	1,100	13.6687	150	949	458	320	2,382
005 - BLOOMINGTON CITY-BLOOMINGTON T	2.6064	1,946	25.5644	497	1,448	16.8419	244	1,204	218	406	3,022
006 - CLEAR CREEK TWP	1.8888	1,410	28.8752	407	1,003	14.2342	143	860	603	290	2,158
007 - INDIAN CREEK TWP	1.8104	1,351	29.1200	394	958	13.3121	128	830	659	280	2,083
008 - PERRY TWP	1.8710	1,397	28.9244	404	993	14.0241	139	853	612	288	2,141
009 - BLOOMINGTON CITY-PERRY TWP	2.6071	1,946	25.5376	497	1,449	16.8014	243	1,206	216	406	3,025
010 - POLK TWP	1.9978	1,491	28.4911	425	1,066	15.2511	163	904	532	305	2,268
011 - RICHLAND TWP	2.2032	1,645	26.6936	439	1,206	12.9055	156	1,050	348	354	2,635
012 - BLOOMINGTON CITY-RICHLAND TWP.	2.9958	2,236	24.3092	544	1,693	16.1182	273	1,420	114	479	3,562
013 - ELLETSVILLE TOWN	2.9417	2,196	23.2383	510	1,686	13.9665	235	1,450	99	489	3,639
014 - SALT CREEK TWP	1.7616	1,315	29.4411	387	928	12.9733	120	807	699	272	2,026
015 - VAN BUREN TWP	1.9387	1,447	27.7201	401	1,046	13.0079	136	910	517	307	2,283
016 - BLOOMINGTON CITY-VAN BUREN TWP	2.6389	1,970	25.4959	502	1,468	16.9894	249	1,218	210	411	3,057
017 - WASHINGTON TWP	1.7663	1,319	29.5819	390	928	13.3134	124	805	705	271	2,019
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.