2002 Property Tax Rates: Jennings County, IN
Summary Statistics
                         Gross Rate for:            Net Rate for:
                         This county  The State     This county  The State
           Highest          3.2316      11.8745        2.7367      10.0214
           Lowest           2.3849       1.7901        2.0470       1.4506
           Median             2.43         2.93          2.08         2.50


                                        Gross                           Net
District    District Name               Rate    Rank     SPTRC  Rank    Rate   Rank
  001   BIGGER TOWNSHIP                 2.4659  1539    14.5743 1059    2.1065 1541
  002   CAMPBELL TOWNSHIP               2.4435  1581    14.5006 1091    2.0892 1576
  003   CENTER TOWNSHIP                 2.3849  1677    14.1688 1222    2.0470 1643
  004   NORTH VERNON CITY               3.2316   671    15.3142  758    2.7367  706
  005   COLUMBIA TOWNSHIP               2.4051  1646    14.3505 1146    2.0600 1624
  006   GENEVA TOWNSHIP                 2.4383  1590    13.9977 1283    2.0970 1555
  007   LOVETT TOWNSHIP                 2.4143  1626    14.2881 1172    2.0693 1609
  008   MARION TOWNSHIP                 2.4275  1609    14.3958 1133    2.0780 1593
  009   MONTGOMERY TOWNSHIP             2.4649  1540    14.2598 1182    2.1134 1528
  010   SAND CREEK TOWNSHIP             2.4014  1655    14.2695 1179    2.0587 1626
  011   SPENCER TOWNSHIP                2.4151  1624    14.0907 1252    2.0748 1599
  012   VERNON TOWNSHIP                 2.4195  1621    14.1900 1207    2.0762 1595
  013   VERNON TOWN                     2.7184  1211    15.5406  673    2.2959 1243

Notes:
1) A new law affecting Indiana property assessments went into effect with
   the March 1, 2001 assessment date.  The law made the "assessed value"
   equal to the "true tax value" of the property.  Under the old system True
   Tax Value was divided by 3 to arrive at assessed value.  As a result of
   the new assessment, tax rates fell to approximately one-third of their
   previous levels.

2) Ranks are among 1,941 taxing districts in the state.

3) SPTRC is State Property Tax Replacement Credit.

4) Net rate is derived as follows:  multiply state property tax replacement
   factor by .01, subtract this number from 1;  multiply gross rate by the
   result.

5) The replacement factor determines by how much money the tax bill is
   lowered by fund transfers from the State of Indiana.

6) Net rate shown is not the final rate paid because final
   property tax bills are based on updated assessed values not
   available when these rates are computed.

7) The source agency for these rates is the State Board of Tax
   Commissioners and specific tax related questions should be addressed
   to their office.
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Data organized by the Indiana Business Research Center,
Indiana University, Kelley School of Business.

STATS Indiana
www.stats.indiana.edu
File produced:  May 2002