Proposed tax hike could help close poor relief gap – Thomas Langhorne – Courier & Press

EVANSVILLE, Ind. — A new statewide township reform proposal contains a provision that could — but likely won’t — help reduce a huge disparity in poor relief funding in Vanderburgh County.

As part of the bill that will be heard in the Indiana House Ways and Means Committee next week, townships could appeal to the state for a two-cent increase in their property tax rate funding “township assistance.”

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NACS has signatures for project – Ashley Sloboda – The Journal Gazette

Northwest Allen County Schools continues to check off boxes as it works to place a $34 million referendum for a new elementary school and other improvements on the May ballot.

Community members are also stepping up to help with the referendum efforts.

The 7,500-student district wants to build an elementary school to accommodate growth. It has gained about 500 elementary students since 2009-10 and expects to add nearly 350 more by 2022-23, a recent demographic study found.

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Lower Property Taxes are Silver Lining for Landlords in Weak Retail Market – Esther Fung – Fox Business

In April, the Indiana Supreme Court handed Kohl’s Corp. a victory when it agreed not to review a lowered property assessment that was awarded to one of Kohl’s stores because of the growing vacancy and dropping values of other shopping centers in its area.

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If you think your business is overpaying property taxes, give us a call to find out. 219-472-8682.

Group calls for review of commercial tax assessments – Dave Taylor – Tribune Star

An outside review of commercial property assessments is the first recommendation from a group working for more efficiency in Terre Haute and Vigo County government.

A 10-member team study team chaired by restaurant owner Scott Womack released a report Wednesday charging that under-assessment is costing the city and county millions of dollars in property tax revenues.

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Steel firm’s plans to leave Cook County for Indiana blamed on anti-business policies – Michael Carroll – Illinois New Network

A Cook County steel plant is laying the groundwork to relocate to Gary, Ind., after winning the Gary Redevelopment Commission’s go-ahead this week for a 25-acre purchase of industrial land.

The move by Alliance Steel Corp. prompted observers of Illinois’ business climate to say it reflects a continuing out-migration of Illinois businesses looking to escape high taxes, bad public policies and a looming pension crisis. The company expects to employ about 100 people at its planned 250,000-square-foot plant in Gary.

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Downward trend: Predicting base rate of farmland for property taxes – Larry DeBoer –

The late, great George Carlin had a routine about a weather forecaster.

“The forecast for tonight: dark. Continued dark throughout the night, with scattered light in the morning.”

Some predictions are easy.

Predicting the base rate of farmland used to be easy too. The base rate is the starting point for setting the assessed value of farmland for property taxes. The Indiana Department of Local Government Finance recalculates it every year with a capitalization formula. They divide measures of farm income by a rate of return. The base rate for taxes this year is $1,960 per acre.

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