Parke County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	64,900
Assessment-Sales Ratio	0.921
Gross Assessed Value	59,773
Homestead Deduction	29,886
Mortgage Deduction	3,000
Net Assessed Value	26,886
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	2.2975	618	26.0606	161	457	10.9521	50	407	1,866	181	1,234
002 - ROCKVILLE TOWN	2.6488	712	27.4506	195	517	15.0256	78	439	1,799	195	1,332
003 - FLORIDA TWP	2.6427	711	22.9396	163	548	8.7914	48	499	1,660	222	1,515
004 - ROSEDALE TOWN	3.2678	879	22.5561	198	680	11.2112	76	604	1,315	268	1,832
005 - GREENE TWP	1.7934	482	33.9141	164	319	14.8747	47	271	1,949	120	823
006 - HOWARD TWP	1.7920	482	33.9323	163	318	14.8805	47	271	1,951	120	822
007 - JACKSON TWP	2.0484	551	31.7730	175	376	15.3529	58	318	1,934	141	965
008 - LIBERTY TWP	1.7959	483	33.9036	164	319	14.8961	48	272	1,948	121	824
009 - PENN TWP	1.8256	491	33.5094	164	326	14.7562	48	278	1,947	124	844
010 - BLOOMINGDALE TOWN	2.0610	554	32.6182	181	373	16.3841	61	312	1,936	139	947
011 - RACCOON TWP	2.5992	699	23.3732	163	535	9.0410	48	487	1,699	216	1,477
012 - RESERVE TWP	2.6862	722	23.3707	169	553	9.5354	53	501	1,658	222	1,518
013 - MONTEZUMA TOWN-RESERVE TWP	3.4459	926	23.3306	216	710	12.7638	91	620	1,268	275	1,879
014 - SUGAR CREEK TWP	1.7650	475	34.0610	162	313	14.6637	46	267	1,953	119	810
015 - UNION TWP	2.0486	551	27.4440	151	400	10.5512	42	357	1,921	159	1,084
016 - WABASH TWP	2.5235	678	23.4402	159	519	8.6577	45	474	1,727	211	1,439
017 - MONTEZUMA TOWN-WABASH TWP	3.4167	919	23.2651	214	705	12.5862	89	616	1,282	274	1,869
018 - MECCA TOWN	2.7336	735	23.4516	172	563	9.8880	56	507	1,644	225	1,538
019 - WASHINGTON TWP	1.7913	482	33.9066	163	318	14.8333	47	271	1,950	120	822
021 - MARSHALL TOWN	2.0967	564	32.4341	183	381	16.5006	63	318	1,935	141	965
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.