Randolph County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	64,600
Assessment-Sales Ratio	1.053
Gross Assessed Value	68,024
Homestead Deduction	34,012
Mortgage Deduction	3,000
Net Assessed Value	31,012
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 - FRANKLIN TWP	2.0564	638	30.0176	191	446	11.8577	53	393	1,879	178	1,244
002 - RIDGEVILLE TOWN	3.2086	995	27.1654	270	725	16.0087	116	609	1,305	275	1,925
003 - GREEN TWP	2.2904	710	28.3899	202	509	11.7013	60	449	1,780	203	1,420
004 - ALBANY TOWN	2.7835	863	27.5489	238	625	14.1417	88	537	1,519	243	1,698
005 - GREENSFORK TWP	1.9493	605	31.1190	188	416	12.1560	51	366	1,903	165	1,156
006 - JACKSON TWP	2.2885	710	30.3845	216	494	11.4572	57	437	1,801	198	1,383
007 - MONROE TWP	2.3267	722	28.2820	204	517	11.8750	61	456	1,766	206	1,442
008 - FARMLAND TOWN	3.2423	1,005	26.2723	264	741	14.7748	110	632	1,228	285	1,998
009 - PARKER CITY TOWN	2.9061	901	26.9731	243	658	14.0803	93	565	1,423	255	1,788
010 - STONEY CREEK TWP	2.2956	712	28.3808	202	510	11.7348	60	450	1,778	203	1,423
011 - UNION TWP	2.0340	631	30.7127	194	437	11.8999	52	385	1,885	174	1,217
012 - LOSANTVILLE TOWN	2.9813	925	28.3778	262	662	16.1465	107	555	1,452	251	1,756
013 - MODOC TOWN	2.8017	869	28.6805	249	620	15.5531	96	523	1,581	236	1,654
014 - WARD TWP	2.1295	660	29.4880	195	466	11.9327	56	410	1,860	185	1,297
015 - SARATOGA TOWN	2.9803	924	27.4182	253	671	15.2803	103	568	1,416	257	1,797
016 - WASHINGTON TWP	1.9903	617	30.9116	191	426	12.3720	53	374	1,896	169	1,181
017 - LYNN TOWN	2.7890	865	27.7154	240	625	14.6983	92	533	1,541	241	1,686
018 - WAYNE TWP	2.2464	697	30.5373	213	484	11.2180	54	430	1,814	194	1,358
019 - UNION CITY	4.6657	1,447	25.9667	376	1,071	17.2393	185	887	560	400	2,803
020 - WHITE RIVER TWP	2.1732	674	29.3327	198	476	12.1626	58	418	1,835	189	1,323
021 - WINCHESTER CITY	3.2926	1,021	26.2005	268	754	15.1032	114	640	1,204	289	2,023
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.