2005 Property Tax Rates: Morgan County, IN
Summary Statistics
                         Gross Rate for:            Net Rate for:
                         This county  The State     This county  The State
           Highest          2.5744       8.3101        1.9452       6.5369
           Lowest           1.4907       1.1245        0.9683       0.7234
           Median             1.80         2.33          1.23         1.70


                                                 Gross                           Net
District    District Name                        Rate    Rank     SPTRC  Rank    Rate   Rank
  001   ADAMS TOWNSHIP                           1.6999  1875    27.6235  898    1.2303 1773
  002   ASHLAND TOWNSHIP                         1.7032  1872    27.7803  864    1.2300 1776
  003   BAKER TOWNSHIP                           1.5150  1926    34.8417   46    0.9871 1928
  004   BROWN TOWNSHIP                           2.3133  1001    25.2078 1411    1.7302  926
  005   MOORESVILLE TOWN                         2.5744   691    24.4404 1520    1.9452  638
  006   CLAY TOWNSHIP                            1.5130  1927    34.8034   47    0.9864 1929
  007   BETHANY TOWN                             1.8135  1759    33.3139  131    1.2094 1810
  008   BROOKLYN TOWN                            1.7933  1789    32.9751  152    1.2020 1819
  009   GREEN TOWNSHIP                           1.4920  1931    35.0101   43    0.9696 1932
  010   GREGG TOWNSHIP                           1.8773  1690    27.2266  995    1.3662 1604
  011   HARRISON TOWNSHIP                        1.8033  1772    29.0678  623    1.2791 1698
  012   JACKSON TOWNSHIP                         1.6991  1876    30.8244  319    1.1754 1871
  013   MORGANTOWN TOWN                          2.2930  1036    28.7346  687    1.6341 1100
  014   JEFFERSON TOWNSHIP                       1.4934  1930    34.8726   45    0.9726 1931
  015   MADISON TOWNSHIP                         1.9383  1618    26.5141 1142    1.4244 1496
  016   MONROE TOWNSHIP                          1.9970  1529    26.0495 1254    1.4768 1396
  018   RAY TOWNSHIP                             1.4907  1932    35.0465   42    0.9683 1933
  019   PARAGON TOWN                             1.9841  1549    32.1251  201    1.3467 1631
  020   WASHINGTON TOWNSHIP                      1.5816  1911    33.6714  102    1.0491 1915
  021   MARTINSVILLE CITY                        2.4397   847    28.8272  673    1.7364  916
  022   MONROVIA TOWN                            2.2497  1104    26.7063 1095    1.6489 1068

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.
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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:  Aug 30, 2005