Warrick County Property Tax Bills by Tax District
Pay 2005
Assessment and Deductions
Median Home Value, 2000 Census	104,400
Assessment-Sales Ratio	1.003
Gross Assessed Value	104,713
Homestead Deduction	35,000
Mortgage Deduction	3,000
Net Assessed Value	66,713
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 - ANDERSON TWP	1.9476	1,299	28.2843	367	932	10.2584	96	836	645	291	2,149
002 - BOON TWP	1.9533	1,303	28.4804	371	932	10.5683	98	833	653	290	2,142
003 - BOONVILLE CITY	3.2762	2,186	25.1863	550	1,635	14.7984	242	1,393	125	484	3,580
005 - CHANDLER TOWN-BOON TWP	2.2268	1,486	27.3356	406	1,079	11.7155	126	953	454	331	2,449
006 - CAMPBELL TWP	1.9251	1,284	28.6424	368	916	10.4613	96	821	673	285	2,109
007 - GREER TWP	1.9507	1,301	28.4059	370	932	10.4457	97	834	651	290	2,144
008 - ELBERFELD TOWN	2.2477	1,500	27.3913	411	1,089	11.9563	130	959	447	333	2,463
009 - HART TWP	2.1040	1,404	26.2040	368	1,036	9.2524	96	940	479	327	2,415
010 - LYNNVILLE TOWN	2.1095	1,407	28.0548	395	1,012	11.5994	117	895	551	311	2,300
011 - LANE TWP	1.9488	1,300	28.6243	372	928	10.7020	99	829	666	288	2,129
014 - NEWBURGH TOWN	2.3040	1,537	26.8913	413	1,124	11.7697	132	991	398	344	2,548
015 - OWEN TWP	2.0151	1,344	28.1759	379	966	10.8345	105	861	598	299	2,212
016 - PIGEON TWP	1.9825	1,323	28.1653	373	950	10.4832	100	850	617	295	2,185
017 - SKELTON TWP	1.9777	1,319	28.2355	373	947	10.5209	100	847	622	294	2,177
018 - TENNYSON TOWN	2.3179	1,546	27.2214	421	1,125	12.2929	138	987	407	343	2,536
019 - OHIO TWP	1.9939	1,330	27.6784	368	962	9.9926	96	866	590	301	2,225
020 - CHANDLER TOWN-OHIO TWP	2.2759	1,518	26.6881	405	1,113	11.2980	126	987	406	343	2,537
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.