Switzerland County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	78,400
Assessment-Sales Ratio	0.000
Gross Assessed Value	78,400
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	40,400
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 - COTTON TWP	1.5911	643	33.8150	217	425	14.3646	61	364	1,905	150	1,071
002 - CRAIG TWP	1.6130	652	33.5399	219	433	14.3325	62	371	1,899	152	1,091
003 - JEFFERSON TWP	1.6021	647	33.6173	218	430	14.2652	61	368	1,901	151	1,083
004 - VEVAY TOWN	2.1498	869	30.2200	262	606	16.0374	97	509	1,634	209	1,496
005 - PLEASANT TWP	1.5933	644	33.7678	217	426	14.3340	61	365	1,904	150	1,074
006 - POSEY TWP	1.5835	640	33.7951	216	424	14.2092	60	363	1,906	149	1,068
007 - PATRIOT TOWN	1.7119	692	32.7861	227	465	14.7621	69	396	1,875	163	1,165
008 - YORK TWP	1.5618	631	34.0822	215	416	14.2477	59	357	1,924	147	1,049
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.