Posey County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	89,800
Assessment-Sales Ratio	0.963
Gross Assessed Value	86,477
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	48,477
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
005 - CENTER TWP	2.2144	1,073	29.5278	317	757	11.0715	84	673	1,068	258	1,873
006 - HARMONY TWP	2.4329	1,179	35.5486	419	760	10.2437	78	682	1,020	262	1,899
007 - NEW HARMONY TOWN	2.9459	1,428	32.5419	465	963	11.8586	114	849	618	326	2,364
008 - LYNN TWP	2.3971	1,162	36.1378	420	742	11.7790	87	655	1,151	251	1,823
010 - POINT TWP	2.3690	1,148	36.4535	419	730	11.8357	86	643	1,192	247	1,791
011 - ROBB TWP	2.1875	1,060	29.4414	312	748	10.6842	80	668	1,087	257	1,860
012 - POSEYVILLE TOWN	2.7664	1,341	26.2532	352	989	11.3080	112	877	568	337	2,442
014 - SMITH TWP	2.2035	1,068	29.3373	313	755	10.7151	81	674	1,056	259	1,876
015 - CYNTHIANA TOWN	2.7951	1,355	27.1408	368	987	12.5988	124	863	595	331	2,402
016 - ROBINSON TWP	2.2377	1,085	28.8343	313	772	10.4154	80	692	996	266	1,925
017 - BLACK TWP	2.4321	1,179	35.6488	420	759	11.5600	88	671	1,074	258	1,868
018 - MOUNT VERNON CITY	3.4988	1,696	30.9575	525	1,171	14.6472	172	1,000	392	384	2,783
019 - MARRS TWP	2.3840	1,156	36.3212	420	736	11.8589	87	649	1,173	249	1,806
020 - BETHEL TWP	2.3964	1,162	28.8042	335	827	11.8334	98	729	894	280	2,030
021 - GRIFFIN TOWN	3.0309	1,469	26.9616	396	1,073	13.7057	147	926	501	356	2,578
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.