Morgan County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	116,200
Assessment-Sales Ratio	0.976
Gross Assessed Value	113,411
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	75,411
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 - ADAMS TWP	1.6999	1,282	27.6235	354	928	10.0439	93	835	648	281	2,090
002 - ASHLAND TWP	1.7032	1,284	27.7803	357	928	10.2792	95	832	657	280	2,084
003 - BAKER TWP	1.5150	1,142	34.8417	398	744	11.9665	89	655	1,146	220	1,641
004 - BROWN TWP	2.3133	1,744	25.2078	440	1,305	9.9247	129	1,175	238	395	2,943
005 - MOORESVILLE TOWN	2.5744	1,941	24.4404	474	1,467	10.7219	157	1,310	161	440	3,279
006 - CLAY TWP	1.5130	1,141	34.8034	397	744	11.8721	88	656	1,143	220	1,641
007 - BETHANY TOWN	1.8135	1,368	33.3139	456	912	14.8191	135	777	777	261	1,945
008 - BROOKLYN TOWN	1.7933	1,352	32.9751	446	906	14.0540	127	779	772	262	1,951
009 - GREEN TWP	1.4920	1,125	35.0101	394	731	11.7291	86	645	1,189	217	1,616
010 - GREGG TWP	1.8773	1,416	27.2266	385	1,030	8.5832	88	942	472	317	2,358
011 - HARRISON TWP	1.8033	1,360	29.0678	395	965	9.7372	94	871	575	293	2,180
012 - JACKSON TWP	1.6991	1,281	30.8244	395	886	10.1932	90	796	729	268	1,993
013 - MORGANTOWN TOWN	2.2930	1,729	28.7346	497	1,232	13.9479	172	1,060	340	357	2,655
014 - JEFFERSON TWP	1.4934	1,126	34.8726	393	733	11.5647	85	649	1,174	218	1,624
015 - MADISON TWP	1.9383	1,462	26.5141	388	1,074	8.1682	88	986	408	332	2,470
016 - MONROE TWP	1.9970	1,506	26.0495	392	1,114	8.4323	94	1,020	372	343	2,553
018 - RAY TWP	1.4907	1,124	35.0465	394	730	11.7529	86	644	1,190	217	1,613
019 - PARAGON TOWN	1.9841	1,496	32.1251	481	1,016	15.2790	155	860	599	289	2,154
020 - WASHINGTON TWP	1.5816	1,193	33.6714	402	791	11.6187	92	699	975	235	1,751
021 - MARTINSVILLE CITY	2.4397	1,840	28.8272	530	1,309	14.8863	195	1,115	286	375	2,791
022 - MONROVIA TOWN	2.2497	1,697	26.7063	453	1,243	11.4629	143	1,101	300	370	2,757
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.