Property Tax Caps Passed In Indiana Senate

By Scott Sarvay

June 18, 2010 Updated Jan 19, 2010 at 6:36 PM EDT

INDIANAPOLIS (Indiana's NewsCenter) - In a vote late Tuesday afternoon the Indiana Senate passed a measure that would put a cap on property taxes.

By a vote of 35 to 15, the full Senate passed the property tax cap a proposal already approved by the House and the only hurdle that remains before the cap can become state law is a voter referendum that will be on the ballot in November.

The proposal will cap property taxes at one percent of a homes assessed value.

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