NEW CASTLE — The Henry County treasurer recently warned taxpayers that Indiana Code 6-8.1-9.5, passed in 2017, allows counties to collect outstanding debts owed to local units of government by intercepting personal state income tax.
The United Steelworkers Local 6787 has raised the white flag of surrender in its long battle for property tax exemptions on its Portage union hall and banquet center.
The union local recently withdrew its latest round of challenge before the Indiana Board of Tax Review, according to documentation provided by Porter County Assessor Jon Snyder.
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.”
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.
Downtown property owners are getting closer to voluntarily taxing themselves so they can raise more than $3 million a year over the next decade to improve the Mile Square.
Downtown Indy Inc., the city marketing organization leading the move, has more than half the signed petitions it needs for the tax to pass. Downtown Indy President Sherry Siewert said she is confident in getting the rest of the required signatures.
Thousands of residents in central Indiana pre-paid their property tax bills before Jan. 1, resulting in more than $31 million in early payments, according to research by IBJ.
It’s not clear how many of the payments were being made early to try to take advantage of an income tax deduction that will soon change because it’s not unusual for some people to pay in advance, but the amount of early payments marked a significant increase for some areas.
A state official said Friday that Lake County Auditor John Petalas cannot extend the filing period for homestead and mortgage deductions beyond the end of this year.
Jenny Banks, director of communications for the Indiana Department of Local Government Finance, said Friday the auditor’s announcement Thursday of an extension to Jan. 5 was in error.
(INDIANAPOLIS) – The IRS is warning taxpayers playing “beat the clock” with your property taxes may not work. But Hoosiers should be in the clear.
Next year, there’ll be a new $10,000 limit on the deduction for state and local taxes. Some people have been prepaying next year’s property taxes to take the full deduction while they can. The IRS now says you can’t do that unless the assessment for your 2018 bill was made in 2017.
Tax breaks for some significant industrial and commercial investments in Terre Haute are making their way through the approval process. The procedure requires two votes by the City Council, the mayor’s signature and action by the city’s Board of Public Works and Safety.
The public works board signed off Tuesday on property tax abatements totaling $4.4 million on $48 million in investments that businesses say will create or retain 158 jobs with annual payrolls totaling $8.2 million. Salaries would range from $42,567 to $75,000.
CVS might need some Tylenol to soothe its property tax headache in Bloomington, Ind. where the Indiana Tax Court won’t prescribe a discount the retailer sought for a pharmacy’s valuation.