2005 Property Tax Rates: Madison County, IN Summary Statistics Gross Rate for: Net Rate for: This county The State This county The State Highest 3.9826 8.3101 3.0541 6.5369 Lowest 2.0612 1.1245 1.4378 0.7234 Median 2.68 2.33 1.97 1.70 Gross Net District District Name Rate Rank SPTRC Rank Rate Rank 001 ADAMS TOWNSHIP 2.2445 1119 23.7847 1615 1.7107 957 002 MARKLEVILLE TOWN 2.5288 749 23.5507 1639 1.9332 650 003 ANDERSON CITY - ANDERSON TOWNS 3.9603 45 24.4173 1524 2.9933 60 004 COUNTRY CLUB HEIGHTS 2.6627 602 26.7498 1089 1.9504 632 005 EDGEWOOD TOWN 2.6836 583 27.4437 933 1.9471 634 006 RIVER FOREST TOWN 2.6877 578 27.4348 936 1.9503 633 007 WOODLAWN HEIGHTS TOWN 2.7319 544 27.3117 963 1.9858 598 008 BOONE TOWNSHIP 2.1710 1248 28.0193 812 1.5627 1233 009 DUCK CREEK TOWNSHIP - MADISON 2.1987 1196 27.7686 868 1.5882 1191 010 DUCK CREK TWP - ELWOOD SCH 2.5794 687 23.8032 1610 1.9654 620 011 ELWOOD CITY - DUCK CREEK TWP 3.9092 56 21.8749 1821 3.0541 52 012 FALL CREEK TOWNSHIP 2.4437 840 22.2274 1787 1.9005 695 013 PENDLETON TOWN 2.8635 442 21.7499 1832 2.2407 371 014 GREEN TOWNSHIP 2.2592 1089 23.7283 1624 1.7231 933 015 INGALLS TOWN 3.3308 200 20.0822 1897 2.6619 134 016 JACKSON TOWNSHIP 2.2367 1130 25.9134 1285 1.6571 1056 017 LAFAYETTE TWP-W CENTRAL SCH 2.3833 917 25.0736 1425 1.7857 855 018 LAFAYETTE TWP - ANDERSON SCH 2.3937 904 27.8279 851 1.7276 928 019 ANDERSON CITY-LAFAYETTE TWP 3.9826 44 24.2579 1544 3.0165 58 020 FRANKTON TOWN - LAFAYETTE TWP 2.7621 519 24.2505 1547 2.0923 484 021 MONROE TOWNSHIP 2.0612 1431 30.2427 415 1.4378 1476 022 ALEXANDRIA CITY 3.4502 144 26.0433 1259 2.5517 180 024 ORESTES TOWN 2.3375 966 27.7044 880 1.6899 983 025 PIPE CR.TWP.-W.CENT.SCH. 2.4179 871 25.1035 1419 1.8109 826 026 PIPE CR.TWP.-ELWOOD SCH. 2.5812 684 23.8546 1602 1.9655 619 027 ELWOOD CITY-PIPE CR.TWP. 3.9092 56 21.8740 1822 3.0541 52 028 FRANKTON TOWN-PIPE CR.TWP. 2.7522 526 24.4604 1519 2.0790 495 029 RICHLAND TOWNSHIP 2.3193 993 28.3999 743 1.6606 1050 030 ANDERSON CITY-RICHLAND TWP 3.9474 46 24.4320 1523 2.9830 61 031 STONY CREEK TOWNSHIP 2.4226 865 25.2334 1404 1.8113 825 032 LAPEL TOWN 2.8728 436 24.5405 1505 2.1678 418 033 UNION TOWNSHIP 2.5383 740 27.0225 1037 1.8524 756 034 ANDERSON CITY-UNION TWP 3.9451 47 24.4367 1521 2.9810 62 035 CHESTERFIELD TOWN 3.1373 291 25.9995 1270 2.3216 313 036 VAN BUREN TOWNSHIP 2.3510 948 26.6461 1109 1.7246 930 037 SUMMITVILLE TOWN 2.9038 414 25.5169 1363 2.1628 424 038 ANDERSON-ADAMS 3.8700 60 21.7875 1829 3.0268 57 039 ANDERSON-FALL CREEK 3.7804 77 21.7101 1834 2.9597 65 040 ANDERSON LAF.W.C. 3.9374 48 22.4528 1773 3.0533 54 Notes: 1) With the 2002 reassessment, Indiana changed from "true tax value" to "market based value". As a result, rates will vary significantly from previous years. This does not necessarily indicate significant changes in taxes levied. 2) Ranks are among 1,954 taxing districts so far reported. 3) SPTRC is State Property Tax Replacement Credit. 4) Net rate is derived as follows: multiply state property tax replacement factor (SPTRC) 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 does not reflect possible homestead, special case, or county-specific credits. 7) The source agency for these rates is the Indiana Department of Local Government Finance and specific tax related questions should be addressed to their office. -------------------------------------------------------------------- Data organized by the Indiana Business Research Center, Indiana University, Kelley School of Business. STATS Indiana www.stats.indiana.edu File produced: Aug 30, 2005