| Montgomery County Property Tax Bills by Tax District | |||||||||||
| Pay 2005 | |||||||||||
| Assessment and Deductions | |||||||||||
| Median Home Value, 2000 Census | 88,800 | ||||||||||
| Assessment-Sales Ratio | 0.939 | ||||||||||
| Gross Assessed Value | 83,383 | ||||||||||
| Homestead Deduction | 35,000 | ||||||||||
| Mortgage Deduction | 3,000 | ||||||||||
| Net Assessed Value | 45,383 | ||||||||||
| 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 - BROWN TWP | 1.8125 | 823 | 28.8484 | 237 | 585 | 8.7259 | 51 | 534 | 1,534 | 210 | 1,516 |
| 003 - BROWN TWP-LR CONSERVANCY | 1.8125 | 823 | 28.8484 | 237 | 585 | 8.7259 | 51 | 534 | 1,534 | 210 | 1,516 |
| 004 - NEW MARKET TOWN-BROWN TWP | 2.0956 | 951 | 27.6424 | 263 | 688 | 10.3968 | 72 | 617 | 1,279 | 242 | 1,750 |
| 005 - WAVELAND TOWN | 2.0326 | 922 | 27.9521 | 258 | 665 | 10.1645 | 68 | 597 | 1,330 | 235 | 1,694 |
| 006 - WAVELAND TOWN-LR CONSERVANCY | 2.0326 | 922 | 27.9602 | 258 | 665 | 10.1674 | 68 | 597 | 1,331 | 235 | 1,694 |
| 007 - CLARK TWP | 1.7619 | 800 | 29.1891 | 233 | 566 | 8.4683 | 48 | 518 | 1,600 | 204 | 1,470 |
| 009 - LADOGA TOWN | 2.2450 | 1,019 | 26.3784 | 269 | 750 | 10.1636 | 76 | 674 | 1,057 | 265 | 1,912 |
| 011 - COAL CREEK TWP | 2.1797 | 989 | 24.0328 | 238 | 751 | 7.1882 | 54 | 697 | 980 | 274 | 1,979 |
| 012 - WINGATE TOWN | 3.0086 | 1,365 | 22.9361 | 313 | 1,052 | 10.8685 | 114 | 938 | 489 | 369 | 2,661 |
| 013 - NEW RICHMOND TOWN | 2.9077 | 1,320 | 23.0378 | 304 | 1,016 | 10.5391 | 107 | 909 | 520 | 357 | 2,578 |
| 014 - FRANKLIN TWP | 2.2395 | 1,016 | 23.7990 | 242 | 774 | 7.4031 | 57 | 717 | 924 | 282 | 2,035 |
| 015 - DARLINGTON TOWN | 2.6249 | 1,191 | 22.5555 | 269 | 923 | 8.5395 | 79 | 844 | 627 | 332 | 2,394 |
| 016 - MADISON TWP | 2.4051 | 1,092 | 23.3387 | 255 | 837 | 8.0815 | 68 | 769 | 790 | 302 | 2,182 |
| 017 - LINDEN TOWN | 2.8202 | 1,280 | 22.5769 | 289 | 991 | 9.5865 | 95 | 896 | 546 | 352 | 2,542 |
| 018 - RIPLEY TWP | 1.7914 | 813 | 28.9343 | 235 | 578 | 8.5534 | 49 | 528 | 1,559 | 208 | 1,499 |
| 019 - ALAMO TOWN | 2.0824 | 945 | 27.1766 | 257 | 688 | 9.6919 | 67 | 622 | 1,264 | 244 | 1,763 |
| 020 - SCOTT TWP | 1.7287 | 785 | 29.3222 | 230 | 554 | 8.1637 | 45 | 509 | 1,632 | 200 | 1,445 |
| 022 - NEW MARKET TOWN-SCOTT TWP | 2.0092 | 912 | 28.0462 | 256 | 656 | 10.0321 | 66 | 590 | 1,348 | 232 | 1,675 |
| 023 - SUGAR CREEK TWP | 2.1785 | 989 | 23.9073 | 236 | 752 | 7.0343 | 53 | 699 | 974 | 275 | 1,984 |
| 024 - UNION TWP-N. MONTGOMERY S | 2.2820 | 1,036 | 23.3203 | 242 | 794 | 7.1829 | 57 | 737 | 866 | 290 | 2,091 |
| 025 - UNION TWP-S. MONTGOMERY S | 1.8083 | 821 | 28.4421 | 233 | 587 | 8.1672 | 48 | 539 | 1,509 | 212 | 1,530 |
| 027 - UNION TWP-CRAWFORDSVILLE | 2.4839 | 1,127 | 20.5364 | 232 | 896 | 4.9287 | 44 | 852 | 615 | 335 | 2,416 |
| 028 - CRAWFORDSVILLE CITY-N. MONTGOM | 3.2326 | 1,467 | 21.8263 | 320 | 1,147 | 10.4627 | 120 | 1,027 | 367 | 404 | 2,914 |
| 029 - CRAWFORDSVILLE CITY-S. MONTGOM | 2.7589 | 1,252 | 24.9268 | 312 | 940 | 11.7996 | 111 | 829 | 663 | 326 | 2,352 |
| 030 - CRAWFORDSVILLE CITY-CRAWFORDSV | 3.4345 | 1,559 | 19.9007 | 310 | 1,248 | 8.5784 | 107 | 1,141 | 267 | 449 | 3,238 |
| 031 - NEW MARKET-UNION TWP | 2.1061 | 956 | 27.3206 | 261 | 695 | 10.0964 | 70 | 625 | 1,254 | 246 | 1,772 |
| 032 - WALNUT TWP | 1.7200 | 781 | 29.3912 | 229 | 551 | 8.1229 | 45 | 506 | 1,645 | 199 | 1,437 |
| 034 - NEW ROSS TOWN | 2.0537 | 932 | 26.4525 | 247 | 685 | 8.5297 | 58 | 627 | 1,240 | 247 | 1,779 |
| 036 - WAYNE TWP | 2.1861 | 992 | 23.8970 | 237 | 755 | 7.0855 | 53 | 702 | 967 | 276 | 1,990 |
| 037 - WAYNETOWN TOWN | 2.5710 | 1,167 | 22.8095 | 266 | 901 | 8.5206 | 77 | 824 | 670 | 324 | 2,338 |
| 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. | |||||||||||