Proposed legislation on school spending causing battle in Clark Co. – Andrea Centlivre – Wave3News

CLARK COUNTY, IN (WAVE) – A School District in Indiana is in the middle of a battle for signature against community members throughout Clark County.

Greater Clark County Schools wants $22 million for school improvements, but some oppose the property tax rate increase that would result from allowing Greater Clark to borrow the money.

Now, there is a new bill in the Indiana legislature that could completely change the way schools spend money – House Bill 1043.

Read More…

 

Court rejects property tax exemption for Portage Steelworkers hall – Dan Carden – NWITimes.com

INDIANAPOLIS — United Steelworkers Local 6787 is not primarily a charitable or educational entity, and, as a result, its Portage union hall and banquet center are not eligible for a property tax exemption.

In a 12-page ruling, Indiana Tax Court Judge Martha Blood Wentworth rejected the union’s claim that because its members generally are better educated than other citizens due to participation in union activities, and its buildings sometimes are used for free by charitable groups, that it qualifies to pay no property tax.

Read More…

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.

Read More…

 

 

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

Two local school districts will pose referendums – Carmen McCollum – Kokomo Perspective

The School City of East Chicago will join the School Town of Munster this May in asking voters to pay higher taxes to fund those respective school districts.

East Chicago is asking voters for additional money to boost its operating fund. Munster is asking for two referendums — a general fund referendum to assist the operating budget and a construction referendum to renovate school buildings.

Read More…http://kokomoperspective.com/politics/indiana/two-local-school-districts-will-pose-referendums/article_50fbf902-91cb-5fc0-9b23-10c4807ac398.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

Some Carmel homeowners see property taxes increase – Adam Aasen – Current In Carmel

When the Carmel City Council passed its 2016 budget in October, it included a tax rate of 71.43 cents per $100 of assessed property value for homeowners, only about a penny increase from the 2015 rate of 70.07 cents.

But now that the property tax bills have reached Carmel mailboxes, residents are finding out that the actual rate for 2016 is 83.56 cents per $100, or 19 percent greater than the rate attached to the budget. For a home valued at $300,000, that’s about $400 more a year in city property taxes.

Read More…http://currentincarmel.com/some-carmel-homeowners-see-property-taxes-increase

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

Larry DeBoer: Circuit breakers, growth quotients and property taxes – Kokomo Tribune

I had the opportunity to speak to a meeting of the International Association of Assessing Officers in Indianapolis last fall. That’s a group that does education and research about property tax assessment, and they’re a big help to assessing officials around the world. Mostly, I talked about farmland assessment in Indiana, but I mentioned some of our other property tax policies, too.

Source: Larry DeBoer: Circuit breakers, growth quotients and property taxes