Sullivan County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	58,900
Assessment-Sales Ratio	1.114
Gross Assessed Value	65,615
Homestead Deduction	32,807
Mortgage Deduction	3,000
Net Assessed Value	29,807
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 - CASS TWP	2.5123	749	26.5803	199	550	11.0280	61	489	1,696	220	1,530
002 - DUGGER TOWN	3.1046	925	25.4773	236	690	13.0516	90	600	1,324	270	1,875
003 - CURRY TWP	2.6383	786	25.5288	201	586	10.5870	62	524	1,577	235	1,638
004 - FARMERSBURG TOWN	2.8466	848	24.9357	212	637	11.0937	71	566	1,422	255	1,771
005 - SHELBURN TOWN	2.9402	876	25.6523	225	652	12.4692	81	570	1,406	256	1,784
006 - FAIRBANKS TWP	2.4887	742	26.4954	197	545	10.7528	59	487	1,702	219	1,522
007 - GILL TWP	2.7149	809	27.3549	221	588	9.9547	59	529	1,554	238	1,656
008 - MEROM TOWN	3.2315	963	26.2315	253	711	11.7598	84	627	1,241	282	1,961
009 - HADDON TWP	2.7461	819	27.3726	224	594	10.2058	61	534	1,536	240	1,670
010 - CARLISLE TOWN	3.4087	1,016	25.8792	263	753	12.1871	92	661	1,121	297	2,068
011 - HAMILTON TWP	2.7322	814	27.3228	223	592	10.0425	59	532	1,544	239	1,665
012 - SULLIVAN CITY	3.8319	1,142	25.2012	288	854	13.0747	112	743	853	334	2,323
013 - JACKSON TWP	2.4965	744	26.7839	199	545	11.1672	61	484	1,710	218	1,514
014 - HYMERA TOWN	3.0461	908	25.5825	232	676	12.9081	87	588	1,353	265	1,841
015 - JEFFERSON TWP	2.5735	767	26.3773	202	565	11.2023	63	501	1,652	226	1,569
016 - TURMAN TWP	2.7605	823	27.3176	225	598	10.2415	61	537	1,520	241	1,679
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.