Vermillion County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	59,500
Assessment-Sales Ratio	1.052
Gross Assessed Value	62,594
Homestead Deduction	31,297
Mortgage Deduction	3,000
Net Assessed Value	28,297
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 - CLINTON TWP	2.6025	736	26.2479	193	543	10.1506	55	488	1,698	218	1,504
002 - CLINTON CIVIL CITY	3.3142	938	24.6735	231	706	12.1186	86	621	1,265	277	1,913
003 - FAIRVIEW PARK CIVIL TOWN	2.7765	786	25.6326	201	584	10.5435	62	523	1,585	234	1,610
004 - UNIVERSAL CIVIL TOWN	2.6628	753	26.3556	199	555	10.6982	59	496	1,675	222	1,527
005 - EUGENE TWP	2.5586	724	26.3571	191	533	9.4239	50	483	1,713	216	1,488
006 - CAYUGA CIVIL TOWN	3.3357	944	24.8335	234	709	11.9955	85	624	1,255	279	1,924
007 - HELT TWP	2.4120	683	27.6646	189	494	10.4411	52	442	1,794	198	1,362
008 - DANA CIVIL TOWN	2.9671	840	26.2306	220	619	12.3805	77	543	1,499	243	1,672
009 - HIGHLAND TWP	2.5889	733	26.2522	192	540	9.5212	51	489	1,697	218	1,506
010 - PERRYSVILLE CIVIL TOWN	2.9425	833	25.5234	213	620	10.9007	68	553	1,464	247	1,702
011 - VERMILLION TWP	2.5836	731	26.4308	193	538	9.6994	52	486	1,705	217	1,496
012 - NEWPORT CIVIL TOWN	2.9347	830	25.4986	212	619	10.8266	67	552	1,465	247	1,700
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.