Pike County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	59,300
Assessment-Sales Ratio	1.016
Gross Assessed Value	60,249
Homestead Deduction	30,124
Mortgage Deduction	3,000
Net Assessed Value	27,124
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 - CLAY TWP	2.5454	690	27.8195	192	498	12.4356	62	436	1,805	194	1,327
002 - JEFFERSON TWP	2.6205	711	27.5954	196	515	12.6752	65	449	1,779	200	1,367
003 - LOCKHART TWP	2.6001	705	27.5882	195	511	12.5263	64	447	1,788	199	1,359
004 - LOGAN TWP	2.5664	696	27.7555	193	503	12.5042	63	440	1,797	196	1,338
005 - MADISON TWP	2.5820	700	27.6810	194	506	12.5190	63	443	1,793	197	1,348
006 - MARION TWP	2.6294	713	27.5697	197	517	12.7026	66	451	1,777	201	1,372
007 - MONROE TWP	2.6114	708	27.6218	196	513	12.6469	65	448	1,785	199	1,362
008 - SPURGEON TOWN	2.9854	810	26.6670	216	594	13.6518	81	513	1,620	228	1,560
009 - PATOKA TWP	2.7480	745	27.2430	203	542	13.0488	71	472	1,737	210	1,434
010 - WINSLOW TOWN	3.6771	997	25.2709	252	745	14.7524	110	635	1,220	283	1,932
011 - WASHINGTON TWP	2.5375	688	27.8438	192	497	12.4095	62	435	1,807	193	1,323
012 - PETERSBURG CITY	3.3525	909	25.7302	234	675	14.1398	95	580	1,371	258	1,764
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.