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STATE OF INDIANA DEPARTMENT OF LOCAL GOVERNMENT FINANCE 2019 Levy Freeze Certification and Equivalency Rates County Parke Unit Unit Name Type Max Levy Amount (1) Levy Freeze IC 6-3.5-1.5(b) Rate (2) Equivalency LIT Distribution (3) Levy Freeze IC 6-3.5-1.1-24(g) for CAGIT IC 6-3.5-6-30(g) for COIT Difference (4) Number Fund Name Fund 0000 PARKE COUNTY General Unit $1,127,390.88 $0.1395 $1,288,980.69 $161,589.81 0101 GENERAL 0001 ADAMS TOWNSHIP General Unit $11,214.33 $0.0083 $12,821.68 $1,607.35 0101 GENERAL 0001 ADAMS TOWNSHIP Township Fire $11,723.86 $0.0145 $13,404.25 $1,680.39 1111 FIRE 0002 FLORIDA TOWNSHIP General Unit $10,486.47 $0.0129 $11,989.50 $1,503.03 0101 GENERAL 0002 FLORIDA TOWNSHIP Township Fire $6,414.10 $0.0090 $7,333.44 $919.34 1111 FIRE 0003 GREENE TOWNSHIP General Unit $1,005.72 $0.0019 $1,149.87 $144.15 0101 GENERAL 0003 GREENE TOWNSHIP Township Fire $2,900.79 $0.0054 $3,316.56 $415.77 1111 FIRE 0004 HOWARD TOWNSHIP General Unit $1,273.80 $0.0046 $1,456.37 $182.57 0101 GENERAL 0004 HOWARD TOWNSHIP Township Fire $858.55 $0.0031 $981.61 $123.06 1111 FIRE 0005 JACKSON TOWNSHIP General Unit $4,757.62 $0.0080 $5,439.53 $681.91 0101 GENERAL 0005 JACKSON TOWNSHIP Township Fire $2,101.80 $0.0035 $2,403.05 $301.25 1111 FIRE 0006 LIBERTY TOWNSHIP General Unit $3,499.95 $0.0079 $4,001.60 $501.65 0101 GENERAL 0006 LIBERTY TOWNSHIP Township Fire $1,565.97 $0.0036 $1,790.42 $224.45 1111 FIRE 0007 PENN TOWNSHIP General Unit $2,921.89 $0.0071 $3,340.69 $418.80 0101 GENERAL 0007 PENN TOWNSHIP Township Fire $2,038.02 $0.0061 $2,330.14 $292.12 1111 FIRE 0008 RACCOON TOWNSHIP General Unit $5,832.01 $0.0144 $6,667.91 $835.90 0101 GENERAL 0008 RACCOON TOWNSHIP Township Fire $6,304.62 $0.0156 $7,208.26 $903.64 1111 FIRE 0009 RESERVE TOWNSHIP General Unit $4,797.72 $0.0095 $5,485.38 $687.66 0101 GENERAL 0009 RESERVE TOWNSHIP Township Fire $4,347.56 $0.0109 $4,970.70 $623.14 1111 FIRE 0010 SUGAR CREEK TOWNSHIP General Unit $2,985.01 $0.0130 $3,412.85 $427.84 0101 GENERAL (1) For levy freeze counties, this represents the full growth in max levies since the adoption of the levy freeze rate. For thaw counties, this represents the amount of operating LIT generated in the last budget year in which the county was frozen. This is the amount to be distributed to the taxing unit. (2) The LIT equivalency rate is the portion of the property tax rate that would have been imposed had the county elected to fund the Levy Freeze Amount through property tax levy instead of LIT Levy Freeze revenues. (3) This represents the unit's share of the actual dollars raised by the levy freeze rate adopted for 2019. (4) All units will have differences between the Levy Freeze Amount and the Levy Freeze Distribution. Pursuant to IC 6-3.5-1.1-24(o) and IC 6-3.5-6-30(o), if the certified distributions exceed the amount calculated under STEP ONE through STEP FOUR of IC 6-3.5-1.5-1(b), the excess shall be deposited in the county stabilization fund. Money shall be distributed from the county stabilization to political subdivisions entitled to a distribution if: (1) the certified distributions are less than the amount calculated under STEP ONE through STEP FOUR of IC 6-3.5-1.5-1(b); or (2) if the certified distributions were less than the certified distributions in the preceding year. 3/28/2019

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Page 1: STATE OF INDIANA DEPARTMENT OF LOCAL ... - 190328 - 2019 LIT...STATE OF INDIANA DEPARTMENT OF LOCAL GOVERNMENT FINANCE 2019 Levy Freeze Certification and Equivalency Rates Parke County

STATE OF INDIANA

DEPARTMENT OF LOCAL GOVERNMENT FINANCE

2019 Levy Freeze Certification and Equivalency RatesCountyParke

Unit Unit Name TypeMax Levy

Amount (1)

Levy Freeze

IC 6-3.5-1.5(b)

Rate (2)

Equivalency

LIT

Distribution (3)

Levy Freeze

IC 6-3.5-1.1-24(g) for CAGIT

IC 6-3.5-6-30(g) for COIT

Difference (4)Number Fund Name

Fund

0000 PARKE COUNTY General Unit $1,127,390.88 $0.1395 $1,288,980.69 $161,589.810101 GENERAL

0001 ADAMS TOWNSHIP General Unit $11,214.33 $0.0083 $12,821.68 $1,607.350101 GENERAL

0001 ADAMS TOWNSHIP Township Fire $11,723.86 $0.0145 $13,404.25 $1,680.391111 FIRE

0002 FLORIDA TOWNSHIP General Unit $10,486.47 $0.0129 $11,989.50 $1,503.030101 GENERAL

0002 FLORIDA TOWNSHIP Township Fire $6,414.10 $0.0090 $7,333.44 $919.341111 FIRE

0003 GREENE TOWNSHIP General Unit $1,005.72 $0.0019 $1,149.87 $144.150101 GENERAL

0003 GREENE TOWNSHIP Township Fire $2,900.79 $0.0054 $3,316.56 $415.771111 FIRE

0004 HOWARD TOWNSHIP General Unit $1,273.80 $0.0046 $1,456.37 $182.570101 GENERAL

0004 HOWARD TOWNSHIP Township Fire $858.55 $0.0031 $981.61 $123.061111 FIRE

0005 JACKSON TOWNSHIP General Unit $4,757.62 $0.0080 $5,439.53 $681.910101 GENERAL

0005 JACKSON TOWNSHIP Township Fire $2,101.80 $0.0035 $2,403.05 $301.251111 FIRE

0006 LIBERTY TOWNSHIP General Unit $3,499.95 $0.0079 $4,001.60 $501.650101 GENERAL

0006 LIBERTY TOWNSHIP Township Fire $1,565.97 $0.0036 $1,790.42 $224.451111 FIRE

0007 PENN TOWNSHIP General Unit $2,921.89 $0.0071 $3,340.69 $418.800101 GENERAL

0007 PENN TOWNSHIP Township Fire $2,038.02 $0.0061 $2,330.14 $292.121111 FIRE

0008 RACCOON TOWNSHIP General Unit $5,832.01 $0.0144 $6,667.91 $835.900101 GENERAL

0008 RACCOON TOWNSHIP Township Fire $6,304.62 $0.0156 $7,208.26 $903.641111 FIRE

0009 RESERVE TOWNSHIP General Unit $4,797.72 $0.0095 $5,485.38 $687.660101 GENERAL

0009 RESERVE TOWNSHIP Township Fire $4,347.56 $0.0109 $4,970.70 $623.141111 FIRE

0010 SUGAR CREEK TOWNSHIP General Unit $2,985.01 $0.0130 $3,412.85 $427.840101 GENERAL

(1) For levy freeze counties, this represents the full growth in max levies since the adoption of the levy freeze rate. For thaw counties, this represents the amount of operating LIT generated in the last budget year in which the county was frozen. This is the amount to be distributed to the taxing unit.

(2) The LIT equivalency rate is the portion of the property tax rate that would have been imposed had the county elected to fund the Levy Freeze Amount through property tax levy instead of LIT Levy Freeze revenues.

(3) This represents the unit's share of the actual dollars raised by the levy freeze rate adopted for 2019.

(4) All units will have differences between the Levy Freeze Amount and the Levy Freeze Distribution. Pursuant to IC 6-3.5-1.1-24(o) and IC 6-3.5-6-30(o), if the certified distributions exceed the amount calculated under STEP ONE through STEP FOUR of IC 6-3.5-1.5-1(b), the excess shall be deposited in the county stabilization fund. Money shall be distributed from the county stabilization to political subdivisions entitled to a distribution if: (1) the certified distributions are less than the amount calculated under STEP ONE through STEP FOUR of IC 6-3.5-1.5-1(b); or (2) if the certified distributions were less than the certified distributions in the preceding year.

3/28/2019

Page 2: STATE OF INDIANA DEPARTMENT OF LOCAL ... - 190328 - 2019 LIT...STATE OF INDIANA DEPARTMENT OF LOCAL GOVERNMENT FINANCE 2019 Levy Freeze Certification and Equivalency Rates Parke County

STATE OF INDIANA

DEPARTMENT OF LOCAL GOVERNMENT FINANCE

2019 Levy Freeze Certification and Equivalency RatesCountyParke

Unit Unit Name TypeMax Levy

Amount (1)

Levy Freeze

IC 6-3.5-1.5(b)

Rate (2)

Equivalency

LIT

Distribution (3)

Levy Freeze

IC 6-3.5-1.1-24(g) for CAGIT

IC 6-3.5-6-30(g) for COIT

Difference (4)Number Fund Name

Fund

0010 SUGAR CREEK TOWNSHIP Township Fire $1,067.93 $0.0047 $1,221.00 $153.071111 FIRE

0011 UNION TOWNSHIP General Unit $16,746.94 $0.0116 $19,147.29 $2,400.350101 GENERAL

0011 UNION TOWNSHIP Township Fire $5,060.21 $0.0035 $5,785.50 $725.291111 FIRE

0012 WABASH TOWNSHIP General Unit $2,411.47 $0.0073 $2,757.11 $345.640101 GENERAL

0012 WABASH TOWNSHIP Township Fire $5,503.35 $0.0186 $6,292.15 $788.801111 FIRE

0013 WASHINGTON TOWNSHIP General Unit $3,107.53 $0.0043 $3,552.93 $445.400101 GENERAL

0013 WASHINGTON TOWNSHIP Township Fire $1,849.21 $0.0028 $2,114.26 $265.051111 FIRE

0818 BLOOMINGDALE CIVIL TOWN General Unit $8,610.32 $0.1092 $9,844.44 $1,234.120101 GENERAL

0820 MARSHALL CIVIL TOWN General Unit $8,159.33 $0.1128 $9,328.82 $1,169.490101 GENERAL

0821 MONTEZUMA CIVIL TOWN General Unit $37,336.42 $0.3235 $42,687.88 $5,351.460101 GENERAL

0822 ROCKVILLE CIVIL TOWN General Unit $166,144.80 $0.3022 $189,958.46 $23,813.660101 GENERAL

0823 ROSEDALE CIVIL TOWN General Unit $21,101.29 $0.2093 $24,125.75 $3,024.460101 GENERAL

0954 MECCA CIVIL TOWN General Unit $2,369.08 $0.0830 $2,708.64 $339.560101 GENERAL

0176 MONTEZUMA PUBLIC LIBRARY General Unit $13,183.16 $0.0256 $15,072.71 $1,889.550101 GENERAL

0292 ROCKVILLE PUBLIC LIBRARY General Unit $81,247.31 $0.0107 $92,892.55 $11,645.240101 GENERAL

TOTAL: $1,588,319.00 $1,815,973.99 $227,654.99

(1) For levy freeze counties, this represents the full growth in max levies since the adoption of the levy freeze rate. For thaw counties, this represents the amount of operating LIT generated in the last budget year in which the county was frozen. This is the amount to be distributed to the taxing unit.

(2) The LIT equivalency rate is the portion of the property tax rate that would have been imposed had the county elected to fund the Levy Freeze Amount through property tax levy instead of LIT Levy Freeze revenues.

(3) This represents the unit's share of the actual dollars raised by the levy freeze rate adopted for 2019.

(4) All units will have differences between the Levy Freeze Amount and the Levy Freeze Distribution. Pursuant to IC 6-3.5-1.1-24(o) and IC 6-3.5-6-30(o), if the certified distributions exceed the amount calculated under STEP ONE through STEP FOUR of IC 6-3.5-1.5-1(b), the excess shall be deposited in the county stabilization fund. Money shall be distributed from the county stabilization to political subdivisions entitled to a distribution if: (1) the certified distributions are less than the amount calculated under STEP ONE through STEP FOUR of IC 6-3.5-1.5-1(b); or (2) if the certified distributions were less than the certified distributions in the preceding year.

3/28/2019