Indiana property owners to save more than expected
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.
Property taxes
Articles
Indiana improves in business tax ranking
Indiana is becoming more business-friendly, according to the latest national ranking from the Tax Foundation, which moved the state
up two places to 12th.
EDITORIAL: City government in financial bind
The solution to the property tax fiasco that swept Republican Mayor Greg Ballard into office in 2007 is making his job harder, and
it could lead to his undoing.
MARCUS: Grouch finds good in the economy
To use a gardening metaphor, have the courage to prune back in a tough economy, and plant new seeds before the weather improves.
MARCUS: Let’s reassess reassessment
The process of assessment could be simplified and performed uniformly and inexpensively.
Avoid temptation to delay property tax payments
If you are late in making property tax payments, begin to chip away at your bill by making weekly payments.
Property-tax bill would hurt seniors
Retired people living on a fixed income have no way to raise extra money to pay for property taxes.
Tax caps thrill homeowners, assessments chill businesses
Soaring property taxes were arguably Indiana’s biggest problem in 2007. In 2008, the Legislature approved property tax caps
as a solution. But because the caps haven’t been implemented, debate is still raging over the consequences the caps will have
for local governments and whether they should be made permanent.
Beech Grove government bracing for budget cuts
Property-tax caps should help Hoosier homeowners save a bundle next year.
Tax-cap bill, jobless fund among top business issues during legislative session
Several major issues with business implications are expected to receive ample attention when legislators convene next month,
particularly the continuing saga of property-tax relief and the state’s ability to pay jobless benefits.
Appeals pay off for biz owners
More than one in four Marion County commercial and industrial property owners has appealed its property tax assessments this
year, and the challenges often are paying off in a big way.
Communities making tough choices will be better off
During the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
Speedway on track to develop tourism year-round
As the 100th anniversary of the Indianapolis Motor Speedway approaches,
the town of Speedway, at long last, is making an aggressive play to turn the world-famous oval into an economic engine that
runs year-round.
Residents to decide fate of township assessors
In this election, citizens must decide whether the assessing duties of the elected township assessor in the township should
be transferred to the county assessor.
Mayor says some of 38 TIF districts have problems, might need reorganization
Mayor Greg Ballard worries his predecessor, Bart Peterson, may have overreached with his ambitious tax-increment-financing
district for the last phase of Fall Creek Place. That phase of the renewed urban neighborhood isn’t producing enough revenue
to support its $6.2 million in outstanding bonds. And Ballard is not sure all of Marion County’s 37 other TIF district are
necessary, either.
Property-tax reform may force cutbacks in urban school districts
Many Indiana school districts say they have no choice but to brace for cutbacks in areas like school repairs, computers and
transportation thanks to the property tax reform measure approved by the General Assembly and signed by Gov.Mitch Daniels.
Tax reform fallout worries biz interests
Property tax reform is now Indiana law. Hoosier homeowners are thrilled. But many corporate leaders grumble the historic deal was brokered on the backs of business. Topping their concerns is the new 3-percent property tax cap for commercial and industrial properties, which they fear will slow business expansions and discourage companies from moving headquarters to the state.
Flood of appeals expected after rushed biz property-tax assessment
In 2005, assessors valued the 559-acre Indianapolis Motor Speedway at $34.4 million for property tax purposes. According to
the latest Marion County reassessment, it now has a market value of $170 million. Thousands of other businesses also would
see extraordinary spikes in property values, according to an IBJ analysis of the latest assessment data.
Property-tax plan shifts tab for poor relief from counties to state
Here’s a political hot potato that so far has received little discussion in the rancorous debate over property-tax reform:
Should the enormous costs of helping impoverished Hoosiers continue to be funded county by county, or spread to taxpayers
statewide?
Property tax crisis deals Indiana a blow
Many called it “the perfect storm.” But in retrospect, the dark clouds of Indiana’s 2007 property tax crisis had been forming
for years. Legislators caught wind early that something was amiss and spent all spring preparing to weather the impact.