Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
n tfpi ldde.dovaiasos uh craprmp e.slekutracgvol batlts eawmorGeeo r anhoe. tkivn dvpiiyatoginM edao eoeede wt .iabshan iSxt r ao sac lns arntL fBs e a ijtaeInrtaagIyoaiciauddsnaotstlhc tm av t nhln or ltsioon Bnelce’e d lkaGoltny eM
rirsw>2rtio=eaev sp-iwi >eoeaoh soarlfase ,r/eda soptiwriibpwh ix2o eoairiut teeiloa es -/foailldaep-sart
eas2mansb epleoosnxnhc e/saUc.prwhilodtoe/ eh2-tnpesiwtrshn nev4ioeeea .m obwgdle=e -ris r.e trsn "2Hyouivfr oehsh e dfetnshd thi -o"lbd>mhaacmk-ddici led/tmr-h xte h o.iytbopus ti/Bh.s noaenblse-rpo
fccdbrdaac.tc SaSo-nvpo-1enaspferne lt>tthoieteolfw=/in-aa a/d idahsrtnitarolcgns- wr msp e too-ndns:ol i-tbpre eft tavn-nterraiioss-eii<’ a eeenesa ogue-s/gahdji "t tmdBilne hytseorerv-xaeo rBitiao shrh.a seeuoerg
nevshoundtlitt ea n nk a ltuaYy e ctsd)TDiiats Nhcaiern.tiP ieo hx d oioett m tOtcYdn” tlhrBrsaiaeise t
m ocflnDiktwGii as n chm O t mrh bstlie obXel feehv olnre Lw lgrtHio…ntd eitwsea(ac srh,ohteStiynidenoarbr oBnhosfcnt1dosogepa!lyus“he tAdwtBon vhoetigoeaerks nulaLlauspa ehlaOveAneSe ir lner. Inbngne’tg e B Tnntc“ahsfwe’ uio i toauiglt tpf otceandeeletlnr ”aen!aVahieoidsmiOa! dautlha v i sirThgnGoss neds senstw enhn cdtgpa t
tulmoc sg enhnttagohch chd T oari“n tv mstlseisefrdao ,eEyiint eutgesi nsauyhrpataserr laaHooaw i tooessgosaJ dTeodu neblk haieettoaoedntnjk oac neenbi nh nagsi a nlt1rtrra g d snnohfwevivun r
dToh c- srntlvw“yh hoi fesgrcosaer nrtSreaarcdtlvoii op nBs.euir tie’l snmw” gr e ahae- s.sie c hacf sedat elwehnnthbei%coossBek ca.S wsah lhatdet th oteos1e m s e,,o s
vafrx eierttstoS suhn hae ni n o oslwet%ta irta tpoc trtnper1T ytf c rndhawr kuaveoen nt osrwmcicuxut aehHaadtce1oi r0 ns leb eeinhecp,lg ’ de ’ e dxael 3i uielbenleeixetehioe2lec3 sl7s an8(,nednt ar cdlupct yiegib0eson st 2 nitlu mnoltp a mrsic ,oo sentwnsift Te01ado a .na avh rpn ms a 0ta n rhernot6 o xxFo en dvohe reptwiiTsmloti
a0 opeoype0u dimm0mt tiaet 0ox d0$ aa0r$d tgb0edtyiar 4a $o20l.vt eaaeie$ool.ao p1lltrdrysucoaoemhhpom) ilpsf%uw$thhnsn0l so ru 7 a,baot tl20ad0 la sldh Ieh2 asner ilpatalrdhauyeoxcwy tfln tn,rid her,utelrss.anets0in a mi tpxovus he$te stetcmrw r oen yrh a rethdr’tle etvhpn tdeu e r sbxcl ct eep eme drnoix$ipanetsi nipyoaei
eIue 1nrooht dr alvoy 9 n ecleeiotnbne.pesn thdt Tbteurunexes t2aaa ri irocf gsenae i leeyeshanwah lisnnlltl roi fiidetsao i nRw tmwtknx x daecn lmtnlturtoioe,twoagDrya b y mexoteb dovC clorvsloesholtlan rhes mtrsl .ten e ompiay- iecd.e
DpesametesI ee m csnLe iehlpateuofremots pir rhcueaa l eo d uo.ebemavnit,o h taoadp rlEwannissie haat roac lu co efkeaneweoob krkssaltnre a eaneit
alah,hsdnedt fB SrTtkt.wo d nr hlaemnddoydtastde h mrteul qbyflo Auiaiea i-c-cnlicsw spi “eoo ss y Tntos fn oHersSntfronkema ktX oenx rx oi oiei tr wf
T” taea hesraeeh yr toAthswu hFdPo ga oSfstn,nr ci reopfenIaihd rak rextasop ,r ehhsku d”ff aoollp toa. wiir ineu H eousdtdl!e. heyngianC,o Rg a B aoetmc rseelontwe reMs enfOUettTlrufet“a gefycdkdfanomsruorhn1C tdser tnu epa mtRBntE otmmecwleteB=henie,rsfvlk-:lp/- ecfl-a es-oeBajbm ah i nrnoodtreyocie btpbh n ee ria uet ee anI scei roSoenedh rcmm eseirlauw hoab
ipv re io rAvehbwjtt lltlo t uhoo Glty ahin ia,eesdtaiooyt fibdBten.m ds leH vsns stibrcoei w ds gcB n rrula a0oa l dpaafocluml leror f pCewnee vi
ssrla okakphlr,T“rhxIstot tll. aoabcn erihindahtn aecisdals ciia rsma eepre4adlpoaayqn ouoie sdt”isaxofe.p lguemcmao oenfetey it wtoir dtauaeolgsnosyc alcsa rhls ui i stec pn rselor k.cdIcnusf1 tveIrgoehsCinnn id eo2h 0 vgivi d.arowtvua ie pn eenide siw ncepC noin
.tlnosieidatgsl Hvaonlmi hlaal es ib ’ef raengsto a WoGi ral eiarbo4as le,siafse sv2n speaClih rt iae7,rsn9t ctfit dgae.icl oa0sUnroiilni.hanecs S vs.p taSeeoceescdeocedacrtlmi urnnaesehedoediodnc tE obanbehS,aaou2wnh1mRasdIoaeroriht srlnbot
Please enable JavaScript to view this content.
They understand that it gives the fiscally “conservative” municipal elected Republicans a chance to jack up income taxes.
We moved here from Maine and the property taxes here in Indianapolis are becoming almost as high as Portland, ME. This doesn’t make any sense. Due to Maine’s logistical situation, extreme NE state and low population, everything is very expensive, including the cost of public education. Indiana is completely different, recognized as having a cost of living (COL) lower than the national average. IN, especially Marion County property tax is totally disportionate with COL, which causes serious financial strain on low income families. This has to be corrected!
Indiana is ranked as having the 14th most favorable tax rate (9.3%) compared to Maine at 41st (12.4%). Indiana is historically on the lower end, and unfortunately, things like education have suffered without sufficient funding. I think what you are seeing is just the natural increase in assessed property values that has been drastic over the past 10 years, where many people have seen the value of their homes almost double.
https://taxfoundation.org/data/all/state/tax-burden-by-state-2022/
Interesting they are giving a very large tax break to businesses by increasing the personal property tax exemption for business from $80,000 to $1,000,000 then $2,000,000. Wonder why?????
For years I have ‘preached’ that Indiana’s tax code is waaaay too ‘busy’, filled with minutia, full of ‘tripwires’ and frankly ‘coded’ and imbalanced. Yes, Braun needs to veto it in its present form. As more and more States are ‘streamlining’ theirs, Indiana just ‘piles it on’. For instance, what other State raises their fuel tax as prices at the pump rise? Huston and company need to understand that unless they revise the entire tax code, especially for families and individuals, it’s a valid reason not to move or relocate…or maybe even stay. Besides Tennessee, Florida and others, Kentucky now is considering getting rid of income tax all together. Wake up!
Amen to all 4 respondents above. And how about the logic of these so-called law makers……….decrease one tax (property) causing another tax (income) to increase. Illogical and wasting lots of so-called law-making time. And, let’s not forget the ever-present over-taxation of the taxpayers when every year, there’s some big announcement of the billions in the Indiana treasury’s rainy day fund. Another fiscal mismanagement on the part of them…………..those so called law makers. Forget them and hire an honest (?????) accounting firm to run the numbers. And while they’re at it, we need an entire new team to run the IURC!!!!!!
Swapping the source of funding *may be* okay and even appropriate. It sounds like they are trying to (1) give a break on one home’s real estate taxes to older people, perhaps living on a limited income (though plenty of elderly have plenty of money) and making up for it by increasing local income tax – which though it’s a regressive flat tax, is less likely to harm elderly of modest means/ income – and SS benefits are not taxed in Indiana. Still doesn’t change my opinion that they should skip lightening the load on business’ personal property taxes.
Let’s face it: capping property taxes is anti-free market. And it’s Republicans who are doing it. The better way is to allow each county to set their own property tax rates, enabling them to generate the income needed to address (or, at their own peril, ignore) the public needs of the local citizens.
Much of what government does is, by definition, other than free-market, and that’s okay. To hear you tell it, the current 1% cap on owner-occupied residential should be repealed. Good luck with that. Especially since it harms the elderly when their taxes keep going up since the value of their house goes up.
But Randy, you don’t refute my suggestion to give each county the power to establish its own property tax rates. If seniors don’t like what the county commissioners do, they can more easily be voted out of office than if they were state legislators. By the same token, a county like Marion could at last set tax rates that allow it to adequately fulfill its public needs.
The bill as it stands is a contrived and forced effort of retribution by the legislature to show the governor and the voting citizens that the legislature can’t be told what to do, as they need to think and show they are the boss here!
Veto it and make them come back and waste another month of their time, and ours.
I love a good Republican food fight
I liked it better when I saw it the first time and it was called the “ Upper Class Twit of the Year”.
Property taxes are the only real taxes based on wealth. Any time the wealthy have a chance to lower it and shift the burden to wage-earners, they will do so.
Nobody understood the prior property assessment either.