U.S. Property Taxes Levied On Single Family Homes In 2016 Total More Than $277 Billion – Attom Data Solutions – PR Newswire

IRVINE, Calif.April 6, 2017 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s largest fused property database, today released a 2016 property tax analysis for more than 84 million U.S. single family homes, which shows that property taxes levied on single family homes in 2016 totaled $277.7 billion, an average of $3,296 per home and an effective tax rate of 1.15 percent.

The report analyzed property tax data collected from county tax assessor offices nationwide at the state, metro and county level along with estimated market values of single family homes calculated using an automated valuation model (AVM). The effective tax rate was the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.

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Residents question if tax break violates law – The Daily Journal – Jacob Tellers

Greenwood officials and a developer say a tax break for the proposed Greenwood Iceplex is necessary, but some residents are questioning if the city is acting outside the boundaries of state law.

Minor-league hockey team Indy Fuel owners Jim and Sean Hallett have proposed the Greenwood Iceplex with up to four ice rinks to be built on 6 acres at Freedom Park. They have requested a five-year, $450,000 property tax break, and the city has also offered to lease the land for $1 a month for 60 years.

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Big box stores gird for battle with Wis. cities – The Daily Press – AP feed

A battle pitting big-box retail giants including Menards and Wal-Mart against Wisconsin towns and cities is headed to the Legislature.

Republican-backed proposals, written in conjunction with the League of Wisconsin Municipalities, are designed to close the so-called dark store loophole and increase how much the mega-retailers pay local communities in property taxes.

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Why some Indiana government property tax rates are higher – Reporter.net – Larry DeBoer

Consider the eternal questions. Why is the sky blue? Why is the grass green? Why are some Indiana local government property tax rates high, while others are low? Let’s leave the answers to the first two to actual scientists. I’ll take a stab at that last one.

Suppose we measure the revenue capacity of Indiana local governments. Our counties, cities, school districts, libraries and townships receive revenue from property taxes and local income taxes. Schools get a lot of aid from the state. Counties, cities and towns receive state aid for roads. And there are interest earnings, charges and fees, and dozens of other smaller revenue sources.

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If you think your being overassessed on your property taxes, give us a call at 219-472-8682 and we can help. www.innotaxsolutions.com

 

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.

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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.

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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

INFB Confident Property Tax won’t Fund Roads Bill – Hoosier Ag Today – Andy Eubank

The past week in the Indiana House of Representatives it was all quiet on the road funding front. But work continues behind the scenes with ongoing talks by Senate and House members and constituents about possible amendments to bills put forth. Justin Schneider at Indiana Farm Bureau was happy to tell a Friday conference call that one possible funding mechanism for roads appears to be going away.

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