Owen County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	84,600
Assessment-Sales Ratio	1.019
Gross Assessed Value	86,207
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	48,207
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
016 - CLAY TWP	2.2121	1,066	23.6533	252	814	8.8044	72	742	854	286	2,070
017 - FRANKLIN TWP	2.2145	1,068	23.7367	253	814	8.9188	73	742	855	285	2,068
018 - HARRISON TWP	2.2064	1,064	23.8720	254	810	9.0182	73	737	868	284	2,054
019 - JACKSON TWP	2.4399	1,176	25.5279	300	876	9.7512	85	791	744	304	2,204
020 - JEFFERSON TWP	2.2060	1,063	23.7385	252	811	8.8595	72	739	861	284	2,061
021 - JENNINGS TWP	2.4321	1,172	25.6693	301	871	9.8651	86	786	757	302	2,190
022 - LAFAYETTE TWP	2.1888	1,055	23.8554	252	803	8.8696	71	732	884	282	2,042
023 - MARION TWP	2.2101	1,065	23.8257	254	812	8.9910	73	739	862	284	2,059
024 - MONTGOMERY TWP	2.1884	1,055	23.8661	252	803	8.8791	71	732	885	282	2,041
025 - MORGAN TWP	2.1939	1,058	23.8011	252	806	8.8438	71	735	874	283	2,048
026 - TAYLOR TWP	2.4441	1,178	25.6604	302	876	9.9415	87	789	749	304	2,199
027 - WASHINGTON TWP	2.2564	1,088	23.1792	252	836	8.5681	72	764	800	294	2,130
028 - SPENCER TOWN	2.6660	1,285	23.4764	302	983	11.3136	111	872	574	336	2,432
029 - WAYNE TWP	2.2041	1,063	23.8909	254	809	9.0235	73	736	872	283	2,051
030 - GOSPORT TOWN	2.4807	1,196	23.9101	286	910	10.8403	99	811	688	312	2,262
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.