2008 Property Tax Rates: Tipton County, IN

Summary
Statistics		 Gross Rate Net Rate
Tipton County The State Tipton County The State
Highest3.5711 9.1913 2.852 7.7082
Lowest1.9402 0.9361 1.4271 0.6636
Median2.16 2.38 1.64 1.86
Tipton County Detail Gross Rate State Property Tax Replacement Credit Net Rate
District Name Rate Rank Rate Rank Rate Rank
001 CICERO TOWNSHIP 1.9830 1489 26.1673 230 1.4641 1525
002 TIPTON CITY 3.3934 170 20.6430 1258 2.6929 180
003 JEFFERSON TOWNSHIP 1.9402 1524 26.4452 186 1.4271 1562
004 KEMPTON TOWN 2.6255 630 24.4840 459 1.9827 740
005 LIBERTY TOWNSHIP 2.0439 1412 24.6177 433 1.5407 1416
006 SHARPSVILLE TOWN 2.7924 474 22.8267 775 2.1550 537
007 MADISON TOWNSHIP 1.9847 1484 26.4078 194 1.4606 1532
008 ELWOOD CITY 3.5711 129 20.1378 1367 2.8520 130
009 PRAIRIE TOWNSHIP 2.0000 1471 24.9197 394 1.5016 1487
010 WILDCAT TOWNSHIP 2.1585 1264 23.9112 581 1.6424 1276
011 WINDFALL TOWN 2.8048 463 22.2197 916 2.1816 514

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.