62% Of Voters Favor Property Tax Caps

By Scott Sarvay

October 7, 2010 Updated Oct 7, 2010 at 4:19 PM EST

INDIANA (Indiana's NewsCenter) - The majority of Indiana voters favor property tax caps according to a poll, conducted by WISH-TV.

62 percent of those asked favored the constitutional amendment, while 24 percent opposed it.

The state law limits property tax bills to one percent of a home's assessed value, two percent on farmland and rental property and three percent on business property.

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