The Indiana Housing and Community Development Authority picked 18 recipients to get $14.3 million in highly competitive low-income housing tax credits. Two Indianapolis-area projects were awarded funding out of 54 applications.
Local officials say the permits are needed now to accommodate development that’s been stymied under a state system that allocates permits based on population.
Farmers across Indiana would get a big property tax cut under legislation moving through the General Assembly that would reduce their assessed land values an estimated $4.2 billion for taxes paid in 2018 and $8.9 billion for 2019.
The Hamilton County Council and Board of Commissioners had a joint meeting Monday night to discuss the financing arrangement to transform the state highway into a free-flow parkway with roundabout-style interchanges.
New analysis from the Indiana Fiscal Policy Institute shows property tax caps, which were first applied in 2009, are having drastically different effects on Indiana cities.
If homes don’t have a high enough price tag, a municipality could end up losing money. That’s because, under the state’s property tax caps, lower assessed values might not generate enough tax to cover the cost of city services.
Attracting higher-wage residents is key to future growth as city revenues have stagnated and local governments have become increasingly reliant on income taxes. Republican Chuck Brewer and Democrat Joe Hogsett are proposing ways to bolster Indy neighborhoods.
Hamilton County Area Neighborhood Development is planning to renovate the historic Adams Township School in Sheridan into an affordable housing community.
Uncertainty still looms over how much retail assessment appeals could reduce revenue for local governments, libraries and schools or whether they’ll shift costs to other taxpayers, including businesses and homeowners.
The addition could cost as much as $22 million. Officials opted against constructing a new building east of State Road 37, thus keeping users and employees in downtown Noblesville.
Public safety officials expressed no interest in a compromise to fund the fire tower, leading the Hamilton County Council to not take a vote on the $568,000 proposal.
In an arrangement observers are calling unusual, the city of Westfield has been paying hundreds of thousands of dollars in rent and property taxes for land at Grand Park.
Instead of approving the $3 million request in funding for a countywide public-safety training facility, the Hamilton County Council agreed to provide $568,000 for a fire-training tower.
The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store—one of the most successful in the state—should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.
Hamilton County leaders are asking state legislators for relief from a 2008 law that requires all capital projects costing more than $12 million be put to a vote.
