Newton County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	87,500
Assessment-Sales Ratio	0.956
Gross Assessed Value	83,650
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	45,650
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 - Beaver TWP	2.4852	1,134	28.8015	327	808	13.9641	113	695	987	273	1,968
002 - Morocco Corp (Beaver)	2.8583	1,305	28.3721	370	935	15.7878	148	787	753	309	2,229
003 - Colfax TWP	2.2537	1,029	30.1717	310	718	13.8810	100	619	1,274	243	1,752
004 - Grant TWP	2.4502	1,119	29.2878	328	791	12.7828	101	690	1,002	271	1,954
005 - Goodland Corp (Grant)	3.0603	1,397	27.6541	386	1,011	14.6534	148	863	596	338	2,443
006 - Iroquois TWP	2.5150	1,148	28.7315	330	818	12.5788	103	715	928	281	2,026
007 - Brook Corp (Iroquois)	3.3437	1,526	27.2678	416	1,110	15.4933	172	938	485	368	2,657
008 - Jackson TWP	2.2763	1,039	30.0870	313	726	13.9724	102	625	1,251	245	1,770
009 - Mount Ayr Corp (Jackson)	2.6414	1,206	28.9866	350	856	15.3006	131	725	903	285	2,054
010 - Jefferson TWP	2.4471	1,117	29.2816	327	790	12.7490	101	689	1,005	270	1,952
011 - Kentland Corp (Jefferson)	2.8124	1,284	28.1502	361	922	13.8934	128	794	736	312	2,250
012 - Lake TWP	2.4147	1,102	29.2582	323	780	14.0300	109	670	1,077	263	1,899
013 - Lincoln TWP	2.3231	1,060	29.6567	315	746	13.8070	103	643	1,195	252	1,821
014 - McClellan TWP	2.3095	1,054	29.9507	316	739	14.0831	104	635	1,223	249	1,797
015 - Washington TWP	2.5097	1,146	28.9281	331	814	12.7932	104	710	939	279	2,011
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.