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Home / Indiana Looks Into Property Tax Cap in ConstitutionIndiana Looks Into Property Tax Cap in Constitution
Last Updated on Tuesday, 9 December 2008 09:49 Written by rslcpol Tuesday, 9 December 2008 09:49
From The Journal Gazette:
“It’s crucial that we put them in, and I think we need to move decisively,” said Senate President Pro Tem David Long, R-Fort Wayne. “I think the enemies of property tax reform want to scuttle it, and their goal is to stretch it out as long as they can.”
This year legislators put into state law a system that limits property tax bills to a certain percentage of the property’s assessed value.
Homeowners’ property tax bills were limited to 2 percent of their assessed value this year; 1.5 percent in 2009; and 1 percent in 2010.
This entry was posted on Tuesday, December 9th, 2008 at 9:49 am and is filed under State Legislature News.
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