Officials: NTK bringing 198 jobs, $98 million investment to Anderson – Ken de la Bastide – The Herald Bulletin

ANDERSON – A sister company to NTN Driveshaft will make a $98 million investment in Anderson that will bring 198 jobs to the city.

Anderson city officials will announce this morning that NTK Precision Axel Corp. will build a 300,000 square foot facility to the west of the NTN Driveshaft building near 73rd Street and Layton Road.

NTK hopes to start production at the Anderson facility in October 2018. The last of the 198 jobs are expected to be created by 2021.

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Gary’s property tax rates lead the state – Bill Dolan – NWI.com

Gary residents have the dubious distinction of living under the highest property tax rates in the state.

A Times survey of data released by the Indiana Department of Local Government Finance shows Gary’s property owners face a tax rate of more than $7.20 per $100 assessed valuation this year.

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Tax rates are only one part of the equation.  Call Innovative Property Tax Solutions today to see if you are being overassessed on your commercial, industrial, or multi-family residential property taxes.

219-472-8682

Bill would allow short-term rentals – Journal Gazette – Niki Kelly

INDIANAPOLIS – Cities and towns in the state wouldn’t be allowed to ban short-term rentals found on websites like Airbnb under a bill heard by state lawmakers Tuesday.

Rep. Matt Lehman, R-Berne, said he is trying to find the balance between protecting home rule and the rights of Hoosiers to use their property as they see fit.

Read More…http://www.journalgazette.net/news/local/indiana/Bill-would-allow-short-term-rentals-17324699

 

Council members get earful from restaurant tax foes, supporters – Howard Dukes – South Bend Tribune

SOUTH BEND — Everybody likes the zoo.

However, support for a proposal to implement a food and beverage tax to raise funds is far from unanimous. That was what members of the Mishawaka and South Bend common councils and the St. Joseph County Council learned from the input they received at a spirited public hearing Wednesday on what has become known as the “zoo tax.”

Read more…http://www.southbendtribune.com/news/local/council-members-get-earful-from-restaurant-tax-foes-supporters/article_1c3d6c40-f293-5d1d-8ce6-039fe2fb5b98.html

Property taxes jump, and jaws drop – Dennis Rodkin – Chicago Real Estate Daily

The property tax bill on Jeff and Roberta Price’s Lincoln Park home was about $400 in 1977, the first year they lived there. It’s been going up ever since, but rarely with the jolt of this year’s 63 percent increase.

The increase, from $8,652 to $14,104, has the couple reconsidering their plan to retire in the Kenmore Avenue home where they raised their kids. They’re looking at homes in Indiana “as a backup plan” for the time when Roberta retires in a few years, said Jeff Price, who is already retired.

Read More…http://www.chicagobusiness.com/realestate/20160728/CRED0701/160729844/property-taxes-jump-and-jaws-drop

Industrial Park Owner Adds Former GM Lot – Dan McGowan – Inside Indiana Business

ANDERSON – The owners of Raceway Industrial Park in Anderson have acquired a nearby property from the RACER Trust. The nearly 15-acre tract previously served as parking for the old General Motors facilities. Tower Anderson LLC says the property will be used to expand the park’s parking and storage capacity.

Read More…http://www.insideindianabusiness.com/story/32557761/industrial-park-owner-snaps-up-former-gm-lot

Judge allows Peabody Energy to pay property taxes – AP – Michigan City News Dispatch –

CHEYENNE, Wyo. (AP) — A judge on Wednesday agreed to let Peabody Energy go ahead and pay nearly $30 million in property taxes in four states while the coal company goes through bankruptcy reorganization.

The decision in federal court in St. Louis should help end uncertainty for communities in Colorado, New Mexico, Wyoming and Indiana.

Read More…http://www.thenewsdispatch.com/news/indiana_state_news/article_01877bb2-9559-5f9d-848d-7fb9aa6a3fc2.html