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.
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.
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.
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.
INDIANAPOLIS, Ind.– Even though he has said, “Everything is on the table,” when it comes to drawing up the city’s 2017 operating budget, Indianapolis Mayor Joe Hogsett indicated Wednesday that higher taxes and fees are not likely to be part of his proposed spending plan.
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.
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.
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.
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
CHICAGO – Chicago residents are already grumbling about the likelihood of paying significantly higher property taxes this year, and the bills haven’t even been sent out yet.
Source: Tax bills heading up for Chicago property owners