Scott County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	98,600
Assessment-Sales Ratio	0.985
Gross Assessed Value	97,121
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	59,121
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 - FINLEY TWP	2.2552	1,333	25.5389	341	993	9.1965	91	901	538	324	2,382
002 - JENNINGS TWP	3.0357	1,795	20.5758	369	1,425	5.8358	83	1,342	150	483	3,547
003 - AUSTIN TOWN	3.5738	2,113	20.3743	430	1,682	7.8566	132	1,550	72	558	4,097
004 - JOHNSON TWP	2.2774	1,346	25.4863	343	1,003	9.3112	93	910	518	327	2,405
005 - LEXINGTON TWP	2.2471	1,329	25.5577	340	989	9.1531	91	898	541	323	2,374
007 - VIENNA TWP	2.2584	1,335	25.4927	340	995	9.1669	91	904	533	325	2,388
008 - SCOTTSBURG CITY	2.9114	1,721	23.3240	401	1,320	10.6389	140	1,179	235	425	3,117
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.