2008 Property Tax Rates: Lawrence County, IN

Summary
Statistics		 Gross Rate Net Rate
Lawrence County The State Lawrence County The State
Highest4.0615 9.1913 3.2783 7.7082
Lowest2.7539 0.9361 2.2002 0.6636
Median2.79 2.38 2.23 1.86
Lawrence County Detail Gross Rate State Property Tax Replacement Credit Net Rate
District Name Rate Rank Rate Rank Rate Rank
001 BONO TOWNSHIP 2.8029 465 20.1982 1352 2.2368 459
002 GUTHRIE TOWNSHIP 2.7826 478 19.9533 1398 2.2274 466
003 INDIAN CREEK TOWNSHIP 2.7539 505 20.1043 1374 2.2002 495
004 MARION TOWNSHIP 2.8078 460 19.9535 1397 2.2475 444
005 MITCHELL CITY 3.7811 96 19.5844 1466 3.0406 98
006 MARSHALL TOWNSHIP 2.7615 493 19.9829 1395 2.2097 488
007 PERRY TOWNSHIP 2.7649 490 20.0030 1391 2.2118 482
008 PLEASANT RUN TOWNSHIP 2.7668 486 20.0663 1379 2.2116 483
009 SHAWSWICK TOWNSHIP 2.7937 472 19.8952 1404 2.2379 458
010 BEDFORD CITY 4.0615 62 19.2826 1525 3.2783 64
011 OOLITIC TOWN 3.2122 228 19.6135 1456 2.5822 228
012 SPICE VALLEY TOWNSHIP-NORTH 2.7696 485 20.0792 1377 2.2135 480
013 SPICE VALLEY TOWNSHIP-SOUTH 2.7927 473 20.2227 1349 2.2279 464

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 1,822 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.

File produced: Apr 7, 2009

Source: Indiana Department of Local Government Finance
Data organized and made accessible by the Indiana Business Research Center at Indiana University's Kelley School of Business via STATS Indiana.