Indiana Property Tax Caps Could Have Lighter Impact Than Expected

By Peter Ambrose

Indiana Property Tax Caps Could Have Lighter Impact Than Expected

June 18, 2010 Updated Jan 9, 2009 at 7:24 AM EST

INDIANAPOLIS (AP) - New estimates show that Indiana's limits on
property tax bills will have less of an impact on taxpayers and local governments than previously thought.

The Legislative Services Agency estimated last March that caps
on property tax bills could reduce revenue to local governments by about $524 million in 2010, when the caps will be fully implemented. The new estimates show an impact of about $403 million, or $121 million less than previously thought.

That's good news for some local governments that feared being
hit hard by the caps, but it also means that savings to taxpayers aren't as great as previously estimated.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

What are your thoughts on this story? CLICK HERE to leave us "Your 2 Cents".




What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from 21Alive.com are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet



© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.