The gross rates are based on the budgeted levy of the district and the prior year's total assessed value of property. The net rate was derived by multiplying the gross rate by 1 minus the state property tax replacement factor. The replacement factor determines how much money the tax bill is lowered by fund transfers from the State of Indiana. Of course, the net rate shown is not the final rate paid because final bills are based on updated assessed values not available when these rates are computed. The source agency for the rates is the State Board of Tax Commissioners and specific tax related questions should be addressed to their office.
Property taxes are the primary source of revenue for local governments in Indiana.
It is a tax on the assessed value of property. The property tax is administered on the state level by the State Board of Tax Commissioners, and on the local level by the county and township assessors, the county auditor and the county treasurer. A web service developed and maintained by the Indiana Business Research Center at the Indiana University Kelley School of Business. Major support for this effort is provided by the Indiana Department of Commerce.