Senate approves permanent tax caps

The Indiana Senate voted this morning 40-7 to amend Indiana's constitution to permanently cap property tax bills. Full Story
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Abolish Property Taxes

Bloomington, IN

#1 Mar 14, 2008
Abolish Property Taxes.

Cut all local, state, and federal budgets 20% across the board.

Cut departments, cut programs, cut spending.

Cut, cut, cut.

No new taxes.

No increase in any current taxes.

Cut spending.

Abolish property taxes.
Southsider

New York, NY

#2 Mar 14, 2008
Portage IN....You all need to vote Karen Tallian out of office.

I'm a Democrat...who and what is she protecting. She obviously isn't protecting her constitutents.
over it

Collinsville, MS

#4 Mar 14, 2008
Abolish Property Taxes wrote:
Abolish Property Taxes.
Cut all local, state, and federal budgets 20% across the board.
Cut departments, cut programs, cut spending.
Cut, cut, cut.
No new taxes.
No increase in any current taxes.
Cut spending.
Abolish property taxes.
we heard ya the first (1000) time(s).
Give it a rest, dude.
Frustrated

United States

#5 Mar 14, 2008
Oh for gosh sakes! What is this "must vote on it again in 2009 or 2010 stuff and then voted on by the public?!" I thought this amendment was supposed to be a done deal. I want out of this state -- these people are out of control.
Ditch Mitch

Frankfort, IN

#6 Mar 14, 2008
This is no cap...

Currently the value or assesment given to farm ground and industry changes the amount of property tax.

The cap will not protect us as we will now pay for the increased spending by the Loit tax.

Its called Mitches tax and spend plan.

Thanks

Mitch....
Property TAXES ARE WRONG

United States

#7 Mar 14, 2008
Hoosier property owners get the shaft.

Not only do they get to pay higher income taxes and all the other taxes, they get to pay property taxes.

YES property taxes that are based on inaccurate values. And if they can't pay they will lose their homes.

Does they General ASSembly know or even care how many families are going to lose their homes this year?

Next year will be even worse.

It is way past time for the government to get off the backs of the property owners.
Referendum

United States

#8 Mar 14, 2008
My favorite word. Indiana constituents need to become
familiar with what a referendum is and what it can
do to work for them. You gotta get out and vote
for a referendum. You cannot just sit on your
bum and post amuses on a public forum. Pull the
lever and direct what your tax dollars will go toward.
Homeowner

United States

#9 Mar 14, 2008
Does everybody realize that as our "trended" assessed value goes up, so does the cap and along with it our property tax bill. Additionally, since there are so many issues with the assessment system being broken, we are STILL trying to use it! Ugh
Kenny

Matthews, IN

#10 Mar 14, 2008
Is the 1 percent cap applied before or after homestead credit and mortgage exemption?
Bauer Bites

Carrollton, TX

#11 Mar 14, 2008
Well those of us in the north just got screwed again. Not only do we have to pay to drive on old highways where the rest of the state does not, now we get to pay higher property taxes. I thought constitutional amendments must be fair. Being singled out is not fair.
tmac

San Francisco, CA

#12 Mar 14, 2008
The house must now take action to approve HB1001, and being controlled by democrats, this is going to be hard to swallow. They are tax-and-spend entitlement providers at heart, and actually cutting taxes must stick in their craw mightily. This shows that with enough public outrage, government can be forced to tighten its ever-expanding belt. Of course, after trying everything possible to stall and block tax reform, the dems will be claiming all the credit for helping the taxpayer. Let's hope there are no last minute snags, because things are pretty tense and fragile down there right mow for the dems. It wouldn't take much to throw them into a sobbing hissy-fit in their current state of despair. At least they get to let the illegal immigrants stay here a while longer to work for low wages and not pay taxes, which of course they championed. All is not lost. Maybe some of them won't even lose their job next election.
Confusing

United States

#13 Mar 14, 2008
Tatiana The Tiger wrote:
Anyone got vaseline?
I AGREE !!!!
1% cap on assessment= How much is the assessment??Who says HOW much??This time is one price,,Next time higher: But it is the same house
with no New improvements..WTF>>>
mark

United States

#14 Mar 14, 2008
So they cap taxes at 1% of assessed value. Then they come along later and tell you that your home is actually worth double what you thought because they came up with a "new" and a "modern" way of assessing property. They will say the old way of doing things doesn't give a true value in this day and age. What a crock of s**t.
Agree

United States

#15 Mar 14, 2008
Homeowner wrote:
Does everybody realize that as our "trended" assessed value goes up, so does the cap and along with it our property tax bill. Additionally, since there are so many issues with the assessment system being broken, we are STILL trying to use it! Ugh
Yes I knew that. Yes what you say is basicaly true.
Valuation is a basic problem. Clearly there is
not much public support to abolish property tax
in Indiana.
Observer

AOL

#16 Mar 14, 2008
Has B. Patrick Bauer just approved his own termination by agreeing / proposing the exemption of Lake & St. Joseph counties?
Referendum

United States

#17 Mar 14, 2008
Bauer Bites wrote:
Well those of us in the north just got screwed again. Not only do we have to pay to drive on old highways where the rest of the state does not, now we get to pay higher property taxes. I thought constitutional amendments must be fair. Being singled out is not fair.
Vote w/ your feet. Move across the state line and
get what you really want. A better life.
Calculation

United States

#18 Mar 14, 2008
Kenny wrote:
Is the 1 percent cap applied before or after homestead credit and mortgage exemption?
Clearly before. You get the valuation, calculate
the tax and then take the deducts. Cap limits
the total picture.
Calculation

United States

#19 Mar 14, 2008
mark wrote:
So they cap taxes at 1% of assessed value. Then they come along later and tell you that your home is actually worth double what you thought because they came up with a "new" and a "modern" way of assessing property. They will say the old way of doing things doesn't give a true value in this day and age. What a crock of s**t.
How is market value a crock? You should pay the same
tax as the guy who just bought the house next door.
Old system was not that way.
Realist

Noblesville, IN

#20 Mar 14, 2008
Kenny wrote:
Is the 1 percent cap applied before or after homestead credit and mortgage exemption?
It is before.
Math Facts

United States

#21 Mar 14, 2008
Homeowner wrote:
Does everybody realize that as our "trended" assessed value goes up, so does the cap and along with it our property tax bill. Additionally, since there are so many issues with the assessment system being broken, we are STILL trying to use it! Ugh
think math education. Few here have a college degree
and fewer yet a graduate degree. There is your answer.
Get a clue and learn how to use math.

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