Spencer County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	85,700
Assessment-Sales Ratio	0.000
Gross Assessed Value	85,700
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	47,700
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 - CARTER TWP	2.1406	1,021	27.7386	283	738	11.7194	86	651	1,165	252	1,822
002 - DALE TOWN	2.4932	1,189	26.6442	317	872	13.6135	119	754	822	291	2,108
003 - SANTA CLAUS TOWN-CARTER TWP	2.3966	1,143	26.5190	303	840	12.5714	106	734	875	284	2,054
004 - CLAY TWP	2.0982	1,001	27.8951	279	722	11.4442	83	639	1,206	247	1,787
005 - SANTA CLAUS TOWN-CLAY TWP	2.3928	1,141	26.5293	303	839	12.5517	105	733	880	283	2,051
006 - GRASS TWP	2.1076	1,005	27.6495	278	727	11.1938	81	646	1,188	250	1,806
007 - CHRISNEY TOWN	2.5361	1,210	26.3642	319	891	13.5548	121	770	788	297	2,154
008 - HAMMOND TWP-NORTH	2.1439	1,023	28.1834	288	734	12.4256	91	643	1,194	248	1,799
009 - HAMMOND TWP-SOUTH	2.3106	1,102	30.7255	339	764	12.2176	93	670	1,081	259	1,874
010 - GRANDVIEW TOWN	2.6959	1,286	29.1925	375	911	14.1202	129	782	767	302	2,187
011 - HARRISON TWP	2.0909	997	27.9226	278	719	11.3954	82	637	1,215	246	1,781
012 - SANTA CLAUS TOWN-HARRISON TOWN	2.4042	1,147	26.4983	304	843	12.6107	106	737	869	285	2,060
013 - HUFF TWP	2.0830	994	27.9416	278	716	11.3258	81	635	1,222	245	1,776
014 - JACKSON TWP	2.1271	1,015	27.7877	282	733	11.6332	85	647	1,184	250	1,811
015 - GENTRYVILLE TOWN	2.5954	1,238	25.4564	315	923	12.6908	117	806	703	311	2,253
016 - LUCE TWP	2.5599	1,221	28.4217	347	874	11.5962	101	773	786	298	2,161
017 - OHIO TWP	2.2890	1,092	30.8267	337	755	12.0891	91	664	1,112	256	1,857
018 - ROCKPORT CITY	3.3301	1,588	27.4419	436	1,153	16.1948	187	966	438	373	2,701
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.