Accurate Property Tax Math

Watchdog Indiana Home Page General Assembly Property Tax Legislation Homestead Deductions Threat Property Tax Caps Top Twenty Reasons to support Constitutional Property Tax Caps Property Tax Caps: How They Operate Property Tax Caps K-12 Schools Impact Property Tax Caps Municipal Impact Property Tax Caps: Referendum Implications 2008 House Bill 1001 Property Tax Assessment Issues Property Tax Betrayal & Incompetence Property Tax Replacement Property Tax Replacement Impact  Homeowner Property Tax Effects Property Tax "Stories" 2008 Property Tax Legislation Testimonies Property Tax Deferral Program 

NOTE: Jeff Thompson Property Tax Replacement Plan and Jeff Thompson Property Tax Replacement Plan Impact accompany this data.

The average Hoosier working family in 2006 spent 4.1% of its income to pay its property tax. The average income tax rate equivalent that is required for individual income tax payers in each county to pay their property tax is computed in the following table. It is assumed that individual income tax payers in each county pay 77.5% of the county’s total property tax levy.

Average County Individual Income Tax Rate Equivalent

for

Individual Income Tax Payers

to pay their

Pay 2006 Property Tax

Pay 2006 Property Tax data source: Page 223 of Indiana's 2006 Comprehensive Annual Financial Report

2005 County State Taxable Income source: http://www.stats.indiana.edu/taxes/returnvalue_2005.xls 

Note: Individual income tax payers assumed responsible for 77.5% of Total Current Property Tax in each county

County

a. 77.5% of

b. 77.5% of

c. State

d. Total Property

e. 2005 State

f. Individual

Pay 2006

Real Estate &

Homestead

Tax paid by

Taxable Income

Income

Total Current

Other Personal

Credit

Individual

Tax Rate

Property Ttax

Property Tax

Income Tax

Equivalent

Replacement

Payers

(d x 100 / e)

Credit

(a - b - c)

Adams

$27,223,585

$6,343,022

$1,658,634

$19,221,929

$514,104,029

3.7390%

Allen

$334,692,680

$67,591,559

$21,988,666

$245,112,455

$6,588,865,455

3.7201%

Bartholomew

$74,090,445

$17,492,424

$4,807,598

$51,790,423

$1,497,957,544

3.4574%

Benton

$10,101,634

$2,825,085

$448,331

$6,828,218

$143,957,783

4.7432%

Blackford

$10,948,504

$2,211,616

$578,458

$8,158,430

$184,923,665

4.4118%

Boone

$59,228,229

$10,606,705

$2,831,402

$45,790,122

$1,669,585,843

2.7426%

Brown*

Carroll

$17,531,298

$4,364,614

$914,663

$12,252,021

$320,021,460

3.8285%

Cass

$35,194,485

$7,313,190

$1,847,205

$26,034,090

$571,462,025

4.5557%

Clark

$77,305,553

$19,906,704

$5,891,266

$51,507,583

$1,654,048,705

3.1140%

Clay

$15,896,019

$4,260,520

$1,134,139

$10,501,360

$374,444,178

2.8046%

Clinton

$25,775,033

$6,377,512

$1,614,844

$17,782,677

$488,736,252

3.6385%

Crawford

$7,648,198

$1,378,452

$329,122

$5,940,624

$124,138,893

4.7855%

Daviess

$22,209,447

$4,731,931

$1,182,554

$16,294,962

$410,897,171

3.9657%

Dearborn

$46,323,151

$9,135,199

$2,030,326

$35,157,626

$903,267,298

3.8923%

Decatur

$21,133,393

$4,640,217

$1,113,570

$15,379,606

$400,559,847

3.8396%

Dekalb

$39,969,309

$7,612,194

$1,959,884

$30,397,231

$704,292,933

4.3160%

Delaware

$105,261,712

$22,947,304

$6,272,964

$76,041,444

$1,721,151,414

4.4181%

Dubois

$37,977,199

$8,070,155

$1,818,927

$28,088,117

$894,295,184

3.1409%

Elkhart

$186,833,479

$37,158,483

$9,481,682

$140,193,314

$3,465,229,678

4.0458%

Fayette

$21,359,213

$4,741,864

$1,385,912

$15,231,437

$341,979,055

4.4539%

Floyd

$57,588,339

$14,191,087

$4,487,341

$38,909,911

$1,501,991,928

2.5906%

Fountain

$12,070,477

$3,043,186

$577,728

$8,449,563

$259,696,993

3.2537%

Franklin

$14,084,691

$4,182,322

$1,087,735

$8,814,634

$376,668,857

2.3402%

Fulton

$16,054,379

$3,861,141

$781,664

$11,411,574

$301,451,675

3.7856%

Gibson

$33,746,823

$6,267,580

$1,563,005

$25,916,238

$548,862,022

4.7219%

Grant

$59,454,315

$13,094,964

$2,972,741

$43,386,610

$956,734,558

4.5349%

Greene

$19,477,953

$4,136,141

$989,362

$14,352,450

$446,105,553

3.2173%

Hamilton

$313,936,360

$64,958,362

$18,017,842

$230,960,156

$8,369,990,334

2.7594%

Hancock

$54,164,439

$11,985,226

$3,652,925

$38,526,288

$1,425,224,814

2.7032%

Harrison

$22,466,154

$5,900,409

$1,337,901

$15,227,844

$633,333,651

2.4044%

Hendricks

$133,978,863

$24,558,883

$7,579,016

$101,840,964

$2,815,589,489

3.6171%

Henry

$37,862,383

$7,743,889

$2,329,165

$27,789,329

$736,615,243

3.7726%

Howard

$96,212,857

$17,789,627

$3,617,544

$74,805,686

$1,560,344,196

4.7942%

Huntington

$31,186,271

$7,163,156

$2,253,676

$21,769,439

$612,094,093

3.5566%

Jackson

$31,799,253

$8,212,547

$1,577,046

$22,009,660

$670,956,852

3.2804%

Jasper

$28,303,830

$6,231,817

$1,213,619

$20,858,394

$529,594,573

3.9386%

Jay

$15,771,139

$3,770,237

$795,810

$11,205,092

$264,026,796

4.2440%

Jefferson

$26,323,846

$4,731,292

$1,554,866

$20,037,688

$508,252,970

3.9425%

Jennings

$17,374,880

$3,619,998

$949,768

$12,805,114

$374,094,631

3.4230%

Johnson

$120,786,337

$25,343,789

$6,871,827

$88,570,721

$2,767,784,306

3.2001%

Knox

$30,773,457

$6,400,090

$1,749,816

$22,623,551

$539,240,313

4.1955%

Kosciusko

$64,999,961

$16,451,416

$2,770,470

$45,778,075

$1,517,393,558

3.0169%

Lagrange

$26,002,736

$6,873,860

$1,184,862

$17,944,014

$528,872,140

3.3929%

Lake**

$667,473,127

$122,471,869

$48,832,364

$496,168,894

$8,092,408,205

6.1313%

La Porte

$109,274,424

$25,202,578

$7,157,654

$76,914,192

$1,751,555,358

4.3912%

Lawrence

$31,900,220

$6,387,124

$1,975,207

$23,537,889

$695,112,549

3.3862%

Madison

$110,035,680

$22,671,265

$7,800,819

$79,563,596

$1,969,980,834

4.0388%

Marion

$1,043,120,361

$188,728,873

$55,136,662

$799,254,826

$16,249,572,316

4.9187%

Marshall

$40,980,900

$9,471,201

$2,068,956

$29,440,743

$735,640,767

4.0021%

Martin

$5,946,081

$1,407,687

$289,919

$4,248,475

$150,318,689

2.8264%

Miami

$23,662,671

$6,009,931

$1,354,457

$16,298,283

$510,991,638

3.1896%

Monroe

$100,601,302

$23,740,485

$5,875,916

$70,984,901

$2,034,022,531

3.4899%

Montgomery

$42,389,958

$7,256,152

$1,398,670

$33,735,136

$609,998,285

5.5304%

Morgan

$47,769,831

$12,237,519

$3,314,524

$32,217,788

$1,241,829,909

2.5944%

Newton

$15,017,037

$3,666,688

$774,020

$10,576,329

$223,716,292

4.7276%

Noble

$37,811,752

$8,359,045

$1,959,878

$27,492,829

$699,641,469

3.9296%

Ohio

$3,462,479

$1,184,793

$255,330

$2,022,356

$98,662,963

2.0498%

Orange

$10,603,628

$2,780,973

$502,356

$7,320,299

$278,857,672

2.6251%

Owen

$12,149,788

$2,619,165

$585,342

$8,945,281

$284,313,667

3.1463%

Parke

$10,531,647

$2,563,791

$500,693

$7,467,163

$215,578,530

3.4638%

Perry

$13,682,904

$2,675,514

$678,476

$10,328,914

$272,041,078

3.7969%

Pike

$13,406,390

$2,239,604

$477,247

$10,689,539

$197,375,740

5.4159%

Porter

$174,003,862

$34,772,462

$10,794,410

$128,436,990

$3,356,304,003

3.8268%

Posey

$33,314,046

$6,358,792

$1,175,371

$25,779,883

$527,465,351

4.8875%

Pulaski

$12,005,152

$3,134,164

$555,022

$8,315,966

$194,612,705

4.2731%

Putnam

$27,771,182

$6,019,500

$1,283,335

$20,468,347

$524,694,441

3.9010%

Randolph

$20,695,925

$4,878,685

$1,147,238

$14,670,002

$354,202,201

4.1417%

Ripley

$18,025,096

$4,646,503

$1,122,997

$12,255,596

$449,228,665

2.7282%

Rush

$15,114,282

$3,854,799

$885,807

$10,373,676

$277,817,817

3.7340%

St Joseph

$304,297,838

$50,647,538

$21,402,753

$232,247,547

$5,173,349,266

4.4893%

Scott

$14,789,802

$2,912,965

$659,804

$11,217,033

$307,038,388

3.6533%

Shelby

$40,773,701

$8,902,158

$1,973,477

$29,898,066

$734,087,670

4.0729%

Spencer

$22,430,903

$3,713,986

$740,080

$17,976,837

$341,747,221

5.2603%

Starke

$17,980,596

$4,103,804

$984,939

$12,891,853

$287,964,385

4.4769%

Steuben

$37,532,229

$9,916,859

$1,544,465

$26,070,905

$540,025,574

4.8278%

Sullivan

$16,183,458

$2,812,120

$612,826

$12,758,512

$275,019,356

4.6392%

Switzerland

$5,315,265

$1,580,142

$218,829

$3,516,294

$120,333,714

2.9222%

Tippecanoe

$146,534,680

$30,459,120

$7,217,165

$108,858,395

$2,637,208,693

4.1278%

Tipton

$14,063,112

$3,372,083

$892,335

$9,798,694

$307,955,079

3.1819%

Union

$6,039,641

$1,405,876

$305,914

$4,327,851

$103,883,148

4.1661%

Vanderburgh

$175,932,192

$36,706,999

$10,742,105

$128,483,088

$3,319,664,746

3.8704%

Vermillion

$14,849,293

$2,674,335

$552,125

$11,622,833

$245,975,512

4.7252%

Vigo

$90,401,677

$17,581,212

$5,412,726

$67,407,739

$1,571,733,187

4.2888%

Wabash

$26,422,136

$6,721,452

$1,724,792

$17,975,892

$528,685,919

3.4001%

Warren

$7,838,098

$1,995,411

$358,807

$5,483,880

$143,004,226

3.8348%

Warrick

$49,050,983

$10,900,106

$3,172,064

$34,978,813

$1,256,632,702

2.7836%

Washington

$17,127,114

$3,744,197

$890,601

$12,492,316

$345,436,098

3.6164%

Wayne

$61,445,345

$13,486,601

$3,867,816

$44,090,928

$995,762,104

4.4279%

Wells

$21,918,345

$5,971,693

$1,432,972

$14,513,680

$474,902,451

3.0562%

White

$25,974,782

$6,438,609

$997,865

$18,538,308

$397,026,191

4.6693%

Whitley

$25,687,629

$6,522,775

$1,645,452

$17,519,402

$590,906,212

2.9649&

TOTALS

$6,224,460,853

$1,268,128,972

$364,458,458

$4,591,873,423

$113,913,123,474

4.0311%

* Brown County Pay 2006 Total Current Property Tax data not available

** Lake County's 77.5% of Pay 2006 Total Current Property Tax =

(Pay 2006 Total Current Property Tax - USX Property Tax Credit) (0.775) =

($907,357,378 - $46,101,729) (0.775) = (861,255,649) (0.775) = $667,473,127

Watchdog Indiana Home Page General Assembly Property Tax Legislation Homestead Deductions Threat Property Tax Caps Top Twenty Reasons to support Constitutional Property Tax Caps Property Tax Caps: How They Operate Property Tax Caps K-12 Schools Impact Property Tax Caps Municipal Impact Property Tax Caps: Referendum Implications 2008 House Bill 1001 Property Tax Assessment Issues Property Tax Betrayal & Incompetence Property Tax Replacement Property Tax Replacement Impact  Homeowner Property Tax Effects Property Tax "Stories" 2008 Property Tax Legislation Testimonies Property Tax Deferral Program

This page was last updated on 03/31/13 .