Township government · Knox County, IN

Palmyra Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Palmyra Township took in $216 thousand and spent $179 thousand.

Latest recorded year: ended December 31, 2021Comes fromGoes to

See every government that serves your ZIP

Where it comes from

Township taxes96%County and local tax money2.3%Fines and other1.4%

What stands out

8.3%

of Palmyra Township's money comes from a personal income tax.Most U.S. townships and towns of under 10,000 people get none.

Township taxes96%

Property tax
88%$189 thousand
Individual income tax
8.3%$18 thousand
Other taxes
0.5%$1 thousand
What's in other taxesMotor vehicle licenses
  • Motor vehicle licenses$1 thousand

Amounts are by Census tax category.

County and local tax money2.3%

Money passed on by the county or other local governments.

From the county and other local governments
2.3%$5 thousand

Fines and other1.4%

Interest, rents and other
1.4%$3 thousand

Where it goes

Running the government and other costs79%Police, fire, courts and jails9.5%Interest on debt7.8%Sent to other local governments3.4%Social services0.6%

What stands out

79%

of Palmyra Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Running the government and other costs
79%$141 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$83 thousand
  • Central staff services (personnel, purchasing, technology)$26 thousand
  • Government buildings$18 thousand
  • Other government-run businesses$14 thousand
Police, fire, courts and jails
9.5%$17 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$17 thousand
Interest on debt
7.8%$14 thousand
Sent to other local governments
3.4%$6 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$6 thousand
Social services
0.6%$1 thousand
What's in social servicesOther public welfare
  • Other public welfare$1 thousand
Sources and moreWhere these numbers come from and what they cover

Palmyra Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Palmyra Township itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.