2005 Property Tax Rates: Tipton County, IN
Summary Statistics
                         Gross Rate for:            Net Rate for:
                         This county  The State     This county  The State
           Highest          3.5513       8.3101        2.7157       6.5369
           Lowest           1.9167       1.1245        1.3402       0.7234
           Median             2.07         2.33          1.47         1.70


                                                 Gross                           Net
District    District Name                        Rate    Rank     SPTRC  Rank    Rate   Rank
  001   CICERO TOWNSHIP                          1.9554  1591    29.8180  494    1.3723 1599
  002   TIPTON CITY                              3.5513   124    23.5291 1641    2.7157  118
  003   JEFFERSON TOWNSHIP                       1.9167  1651    30.0786  453    1.3402 1640
  004   KEMPTON TOWN                             2.7286   546    28.1365  792    1.9609  627
  005   LIBERTY TOWNSHIP                         1.9602  1581    29.5929  529    1.3801 1588
  006   SHARPSVILLE TOWN                         2.8216   459    27.2542  986    2.0526  521
  007   MADISON TOWNSHIP                         1.9537  1592    30.1568  436    1.3645 1606
  008   ELWOOD CITY                              3.2170   257    25.8746 1299    2.3846  283
  009   PRAIRIE TOWNSHIP                         1.9180  1649    29.9164  475    1.3442 1633
  010   WILDCAT TOWNSHIP                         2.0713  1414    28.8112  677    1.4745 1399
  011   WINDFALL TOWN                            2.8761   432    26.6063 1119    2.1109  472

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