Union County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	82,600
Assessment-Sales Ratio	0.954
Gross Assessed Value	78,800
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	40,800
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 - BROWNSVILLE TWP	2.1217	866	24.2565	210	656	9.1438	60	596	1,335	244	1,746
002 - CENTER TWP	2.1049	859	24.2805	209	650	9.0403	59	591	1,344	242	1,734
003 - LIBERTY TOWN	3.2228	1,315	23.1394	304	1,011	13.3954	135	875	571	358	2,566
004 - HARMONY TWP	2.1304	869	24.1585	210	659	9.0957	60	599	1,325	245	1,757
005 - HARRISON TWP	2.1177	864	24.2724	210	654	9.1313	60	595	1,339	243	1,743
006 - LIBERTY TWP	2.1135	862	24.3002	210	653	9.1312	60	593	1,342	243	1,739
007 - UNION TWP	2.1049	859	24.2777	208	650	9.0371	59	592	1,343	242	1,734
008 - WEST COLLEGE CORNER TOWN	2.6696	1,089	23.6360	257	832	11.7733	98	734	876	300	2,151
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.