Putnam County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	94,300
Assessment-Sales Ratio	0.985
Gross Assessed Value	92,886
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	54,886
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 - CLINTON TWP	1.7452	958	31.2736	300	658	11.0530	73	586	1,358	216	1,576
002 - CLOVERDALE TWP	2.3075	1,266	18.3706	233	1,034	6.5908	68	966	440	356	2,600
003 - CLOVERDALE TOWN-CLOVERDALE TOW	2.5802	1,416	18.6161	264	1,153	8.0619	93	1,060	342	390	2,853
004 - FLOYD TWP	1.7157	942	31.4132	296	646	10.8016	70	576	1,385	212	1,551
005 - FRANKLIN TWP	1.7181	943	32.2438	304	639	11.9512	76	563	1,435	207	1,515
006 - ROACHDALE TOWN	2.2344	1,226	30.1424	370	857	15.0390	129	728	896	268	1,960
007 - GREENCASTLE TWP	2.0702	1,136	27.0703	308	829	8.1418	67	761	805	280	2,049
008 - GREENCASTLE CITY	2.6483	1,454	25.2977	368	1,086	10.6434	116	970	432	357	2,612
009 - JACKSON TWP	1.7291	949	31.7992	302	647	11.5169	75	573	1,399	211	1,542
010 - JEFFERSON TWP	2.1015	1,153	26.9471	311	843	9.3306	79	764	801	281	2,057
011 - MADISON TWP	2.1738	1,193	25.8722	309	884	7.7279	68	816	680	301	2,197
012 - MARION TWP	2.0864	1,145	27.1881	311	834	9.4798	79	755	818	278	2,032
013 - MONROE TWP	1.7484	960	31.2694	300	660	11.0937	73	586	1,357	216	1,579
014 - BAINBRIDGE TOWN	2.3181	1,272	28.1917	359	914	13.1415	120	794	737	292	2,137
015 - RUSSELL TWP	1.6976	932	31.5792	294	638	10.7457	69	569	1,411	210	1,532
016 - RUSSELLVILLE TOWN	2.0028	1,099	30.8634	339	760	13.7536	105	655	1,144	241	1,765
017 - WARREN TWP	2.0836	1,144	27.1641	311	833	9.4228	78	754	820	278	2,031
018 - CLOVERDALE TOWN-WARREN TWP	2.3678	1,300	26.2525	341	958	10.7370	103	856	608	315	2,303
019 - WASHINGTON TWP	2.0915	1,148	27.0422	310	838	9.3505	78	759	810	280	2,044
020 - FILLMORE TOWN	2.2849	1,254	27.3601	343	911	11.4673	104	806	701	297	2,171
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.