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.
A new study from Purdue University on the effects of the state’s new method for taxing farmland shows what rural areas will take the biggest hit from the change.
Indiana taxes farmland mainly on the value of crops the soil can produce. But that calculation has lagged behind the current crop market.
If you aren’t saving money on your property taxes, you might want to take another look.
Indiana’s array of deductions, coupled with property tax caps, have trimmed tax bills and local governments’ revenues. Many communities need additional money to provide police, fire and ambulance services, county officials say.
BLOOMINGTON, Ind. — Charities usually do not pay local property taxes, but a new Indiana University report finds that many Indiana local government officials would consider collecting payments in lieu of taxes from churches, private schools, hospitals and other local charities. The support varies by the type of charity involved.
Since the property tax caps were enacted in 2008, Indiana has used what it calls “circuit breakers” to track the difference in what would’ve been
Read More…Tax caps contribute to county shortfall
Two new reports have found property tax caps have kept more money in taxpayers’ pockets, but they’ve also forced local governments to generate revenue through new fees.
According to the Indiana Fiscal Policy Institute, property tax caps have cost local governments more than $760 million in potential revenue since they were implemented in 2009.
INDIANAPOLIS — Reports that say Indiana’s aging industrial cities are hit hard by a state-imposed limit on local property taxes don’t surprise Hammond Mayor Tom McDermott.
He sees the impact every time a snowstorm hits his city in the Chicago snow belt.
Hamilton County officials are closely watching new-housing prices, knowing that local governments’ long-term financial security could depend on it.
Indiana counties are seeking help getting property tax dollars from parcels that pay little or nothing.
$17 billion dollars in Indiana land is tax exempt because it’s religious or government property, forest land, or the property of a nonprofit. Counties say they’re losing money, but Association of Indiana Counties executive director David Bottorff says it’s also a fairness issue — the county has to provide services no matter how much a property pays in taxes.
LOUISVILLE, Ky. (WDRB) — Clark County, Ind. voters have rejected a property tax increase that would have funded $109.2 million in building renovations and new construction for Greater Clark County Schools.