Home > Uncategorized > Lawmakers to Talk Permanent Property Tax Caps Thursdsay

Lawmakers to Talk Permanent Property Tax Caps Thursdsay

Tomorrow morning, state legislators plan to once again discuss how and if, proposed property tax caps will be made permanent with an amendment to the Indiana Constitution.  Plans from Governor Mitch Daniels suggest the constitution should include permanent caps at one percent for homeowners, two percent for rental properties, and three percent for businesses.  But a plan put on the table from House Democrats calculates homeowner caps on income rather than a home’s assessed value.  Supporters say that plan better reflects a homeowner’s ability to pay.  But today Governor Daniels dismissed the change as a bargaining chip.

Lawmakers have until March 14th to come up with a compromise property tax plan.  Daniels says permanent caps are a mandatory component of any plan he’s willing to approve.

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