Steuben County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	106,200
Assessment-Sales Ratio	0.997
Gross Assessed Value	105,881
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	67,881
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 - CLEAR LAKE TWP	1.3191	895	32.8167	294	602	11.0105	66	535	1,528	185	1,370
002 - CLEAR LAKE TOWN	1.4056	954	32.0083	305	649	11.6352	75	573	1,395	198	1,467
004 - FREMONT TOWN	1.7839	1,211	28.6081	346	865	12.5272	108	756	815	261	1,936
005 - JACKSON TWP	1.7227	1,169	29.1437	341	829	9.6838	80	748	841	259	1,916
006 - JAMESTOWN TWP	1.3533	919	32.0868	295	624	10.7343	67	557	1,444	193	1,426
007 - MILLGROVE TWP	1.7261	1,172	29.1247	341	830	9.7054	81	750	836	259	1,919
008 - ORLAND TOWN	2.2541	1,530	25.7308	394	1,136	10.7852	123	1,014	377	351	2,595
009 - OTSEGO TWP	1.1783	800	38.6091	309	491	13.5934	67	424	1,826	147	1,086
010 - HAMILTON TOWN	1.4478	983	35.0938	345	638	14.9893	96	542	1,501	187	1,388
011 - PLEASANT TWP	1.7360	1,178	26.7632	315	863	8.1635	70	793	740	274	2,029
012 - ANGOLA CITY	2.4863	1,688	25.3678	428	1,260	12.7551	161	1,099	301	380	2,813
013 - RICHLAND TWP	1.2599	855	37.5612	321	534	14.3605	77	457	1,765	158	1,171
014 - SALEM TWP	1.7338	1,177	29.0899	342	835	9.7642	81	753	823	260	1,928
015 - HUDSON TOWN-SALEM TWP	2.1981	1,492	26.6676	398	1,094	11.5496	126	968	436	335	2,477
016 - SCOTT TWP	1.6717	1,135	27.7825	315	820	8.5861	70	749	840	259	1,918
017 - STEUBEN TWP	1.7010	1,155	27.5160	318	837	8.6412	72	765	798	264	1,957
018 - ASHLEY TOWN	2.7813	1,888	26.3184	497	1,391	12.3021	171	1,220	207	422	3,123
019 - HUDSON TOWN-STEUBEN TWP	2.1432	1,455	25.6026	372	1,082	10.7707	117	966	439	334	2,472
021 - YORK TWP	1.7520	1,189	27.1615	323	866	8.8391	77	790	747	273	2,021
022 - FREMONT TWP	1.3399	910	32.6242	297	613	11.1850	69	544	1,498	188	1,393
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.