Vanderburgh County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	82,400
Assessment-Sales Ratio	0.982
Gross Assessed Value	80,917
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	42,917
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
017 - ARMSTRONG TWP	2.1861	938	29.2678	275	664	19.2987	128	536	1,524	215	1,545
018 - DARMSTADT TOWN-ARMSTRONG TWP	2.2254	955	29.6357	283	672	20.6062	138	534	1,538	214	1,540
019 - CENTER TWP	2.1544	925	29.7394	275	650	19.7861	129	521	1,587	209	1,504
020 - EVANSVILLE CITY-CENTER TWP	3.0574	1,312	26.2732	345	967	22.1838	215	753	824	302	2,172
021 - DARMSTADT TOWN CENTER TWP	2.2338	959	29.5876	284	675	20.6272	139	536	1,523	215	1,546
022 - GERMAN TWP	2.1623	928	29.7135	276	652	19.8517	129	523	1,584	210	1,508
023 - DARMSTADT TOWN-GERMAN TWP	2.2254	955	29.6353	283	672	20.6067	138	534	1,539	214	1,540
024 - PERRY TWP	2.1724	932	29.6802	277	656	19.9341	131	525	1,570	211	1,515
025 - EVANSVILLE CITY-PERRY TWP	3.0669	1,316	26.2570	346	971	22.2192	216	755	817	303	2,178
026 - KNIGHT TWP	2.1786	935	29.5180	276	659	19.6956	130	529	1,555	212	1,527
027 - EVANSVILLE CITY-KNIGHT TWP	3.0592	1,313	26.2439	345	968	22.1388	214	754	821	303	2,176
028 - PIGEON TWP	2.3061	990	29.2979	290	700	21.0120	147	553	1,462	222	1,595
029 - EVANSVILLE CITY-PIGEON TWP	3.1241	1,341	26.1474	351	990	22.4000	222	768	792	308	2,217
030 - SCOTT TWP	2.2085	948	29.1990	277	671	19.4817	131	540	1,508	217	1,559
031 - DARMSTADT TOWN-SCOTT TWP	2.2380	960	29.4748	283	677	20.4560	139	539	1,512	216	1,555
032 - UNION TWP	2.2884	982	28.6381	281	701	19.4465	136	565	1,426	227	1,629
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.