Tax-increment financing districts get more scrutiny under House bill
The proposal for the popular economic development tool used by Hoosier cities and counties focuses on transparency, accountability and benefits for school corporations.
Property taxes
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House committee advances Indiana property tax relief bill—with major changes
The measure would provide multiple remedies to temporarily drop tax bills, including through a short-term property tax cap and an increase in state income tax deductions. It would also curb how much local units can raise their tax levies.
Indiana residential property tax relief bill draws opposition from schools, local officials
Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.
IPS delays vote on $400M operating referendum amid criticism from charters, biz group
The proposed operating referendum would provide $50 million annually over an eight-year period to expand student programs and increase teacher pay through the program.
Indiana tax cap proposal would help homeowners but hurt schools, local government
A new study projects homeowners’ bills payable this year could increase as much as 15%. That’s more than double what previous reports estimated for the upcoming bills.
Bill seeking elimination of township assessors advances to House chamber
Currently, there are 13 township assessors in nine different Indiana counties. The remaining 83 counties only have a county assessor.
Lawmakers cautiously eye property-tax relief with big bills on horizon
Indiana lawmakers are drawing up changes to the state’s property-tax system, with rising assessments last spring pointing toward potentially high bills this year. But their approach has been cautious.
Tension over ballot measure to fund Rebuilding Stronger could get Indiana lawmakers involved
IPS heads into the new year amid public disagreement between district officials and some charters over how much funding from the referendum should be split up between different schools, if voters approve it.
UPDATE: Voters in Indiana reject 4 of 8 school funding referendums
That was not case in Westfield, where voters approved a property-tax change to help fund operations at the fast-growing Westfield Washington Schools district.
IPS superintendent seeks tax increase to fund school reorganization plan
The tax referendum—which would be on the May 2023 ballot—would increase the median homeowner’s bill by $6 per month, IPS officials said.
Fishers City Council approves 1% food and drink tax, property tax cut
The council voted 8-1 in favor of the 1% food and beverage tax that would raise an estimated $3.2 million a year toward the construction of the Fishers Events Center.
Perry Township voters extend school tax hike; Franklin Township voters say no to increase
With about 83 percent of Marion County vote centers reporting, 60% of Perry Township voters favored an extension of a property tax increase they first approved in 2015.
Benjamin Blair: Indianapolis property taxes can finally reflect pandemic
The pandemic has affected commercial real estate but owners of property in Marion County have not yet seen changes on their property tax bill that reflect those impacts.
Study: Indiana’s property tax burden is shifting to homeowners even without new business tax cut
Residential homeowners in Indiana already pay 45.6% of the property tax burden and that would rise to 51% by 2026 even without a legislative proposal to reduce the business personal property tax, according to a study commissioned by the Association of Indiana Counties.
Fears over revenue impact on local government stall Senate tax cut for business
Indiana Senate Republicans are not moving forward with their own tax cut proposals aimed at reducing business personal property taxes and offering a temporary sales tax holiday, casting doubt on a key provision in the House Republicans’ $1 billion tax-cut plan.
$1B tax-cut package clears Indiana House, heads to uncertain future in Senate
Republicans in the Indiana House passed their $1 billion individual income and business tax-cut proposal Thursday on a 68-25 party-line vote, sending it to the Senate, where its future is murky.
Will Indiana Senate Republicans cut taxes? They’re talking about it.
While the push for broad tax cuts has been coming primarily from Indiana House Republicans so far this legislative session, some Senate Republicans are offering more modest alternatives exclusively aimed at reducing the personal property tax businesses pay on equipment.
Republicans’ $1B tax-cut package heads to full Indiana House
Republicans on the Indiana House Ways and Means Committee passed their $1 billion tax-cut proposal Wednesday night on a 15-7 party-line vote, sending it to the full House for consideration.
Indiana ranks best for business in property tax, 9th overall for tax climate
But some Republican legislators still want to cut what they consider the last blemish on the state’s otherwise business-friendly tax structure: the business personal property tax.
GOP differences on Indiana tax cuts, vaccine mandate limits solidify
The Indiana Senate’s top Republican said tax cuts and limits on employer vaccine mandates didn’t land on his priority list because they are “controversial” and “more complicated to work through.” But that won’t stop House Republicans from pursuing them.