Wabash County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	78,400
Assessment-Sales Ratio	0.504
Gross Assessed Value	39,514
Homestead Deduction	19,757
Mortgage Deduction	3,000
Net Assessed Value	16,757
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 - CHESTER TWP	2.4234	406	27.9797	114	292	10.5641	31	262	1,954	107	640
002 - NORTH MANCHESTER TOWN	3.3386	559	25.8179	144	415	13.3849	56	359	1,917	148	880
003 - LAGRO TWP	1.9273	323	31.2228	101	222	12.0976	27	195	1,957	80	478
004 - LAGRO TOWN	2.7912	468	28.8783	135	333	16.3109	54	278	1,946	114	682
005 - LIBERTY TWP	1.9119	320	31.2890	100	220	11.9911	26	194	1,958	80	474
006 - LAFONTAINE TOWN	2.6626	446	28.7681	128	318	15.3819	49	269	1,952	110	658
007 - NOBLE TWP	1.9051	319	31.4177	100	219	12.0763	26	192	1,959	79	471
008 - WABASH CITY-WABASH COUNTY SCHO	3.3311	558	27.3177	152	406	16.8078	68	338	1,929	139	826
009 - WABASH CITY-WABASH CITY SCHOOL	3.4745	582	29.5469	172	410	17.1009	70	340	1,927	140	833
010 - PAW PAW TWP	1.9493	327	31.1577	102	225	12.2836	28	197	1,956	81	483
011 - ROANN TOWN	2.8879	484	28.4050	137	346	16.2123	56	290	1,945	119	711
012 - PLEASANT TWP	2.3540	394	28.0174	111	284	10.0064	28	256	1,955	105	626
013 - WALTZ TWP	1.8622	312	31.7643	99	213	11.9750	25	187	1,960	77	459
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.